Bank of New York Mellon Corp Has $59.06 Million Stock Holdings in Wynn Resorts, Limited (NASDAQ:WYNN)

Bank of New York Mellon Corp lifted its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 23.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 685,512 shares of the casino operator's stock after purchasing an additional 130,349 shares during the period. Bank of New York Mellon Corp owned 0.62% of Wynn Resorts worth $59,064,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Fisher Asset Management LLC increased its stake in shares of Wynn Resorts by 70.7% during the 3rd quarter. Fisher Asset Management LLC now owns 3,971,846 shares of the casino operator's stock worth $380,821,000 after purchasing an additional 1,644,965 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Wynn Resorts by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,406,260 shares of the casino operator's stock worth $229,945,000 after purchasing an additional 34,907 shares during the last quarter. Regal Partners Ltd increased its stake in shares of Wynn Resorts by 24.0% during the 3rd quarter. Regal Partners Ltd now owns 898,705 shares of the casino operator's stock worth $86,168,000 after purchasing an additional 174,005 shares during the last quarter. Holocene Advisors LP increased its stake in shares of Wynn Resorts by 27,868.5% during the 3rd quarter. Holocene Advisors LP now owns 757,946 shares of the casino operator's stock worth $72,672,000 after purchasing an additional 755,236 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Wynn Resorts by 1.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 624,469 shares of the casino operator's stock valued at $59,874,000 after buying an additional 10,465 shares during the last quarter. 88.64% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on WYNN. Jefferies Financial Group upgraded shares of Wynn Resorts from a "hold" rating to a "buy" rating and upped their price target for the company from $105.00 to $118.00 in a research note on Tuesday, February 18th. Morgan Stanley decreased their price target on shares of Wynn Resorts from $105.00 to $103.00 and set an "overweight" rating on the stock in a research note on Monday, February 24th. StockNews.com lowered shares of Wynn Resorts from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Macquarie reiterated an "outperform" rating and issued a $115.00 price target on shares of Wynn Resorts in a research note on Friday, February 14th. Finally, Mizuho upped their price target on shares of Wynn Resorts from $118.00 to $132.00 and gave the company an "outperform" rating in a research note on Friday, February 14th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $119.58.

Insider Activity at Wynn Resorts

In other Wynn Resorts news, Director Philip G. Satre purchased 22,200 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was purchased at an average price of $92.18 per share, with a total value of $2,046,396.00. Following the completion of the purchase, the director now owns 34,195 shares of the company's stock, valued at approximately $3,152,095.10. The trade was a 185.08 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.52% of the stock is owned by insiders.

Wynn Resorts Stock Performance

Shares of Wynn Resorts stock traded up $0.53 on Friday, reaching $88.72. 1,889,570 shares of the stock were exchanged, compared to its average volume of 2,729,193. The firm's 50 day moving average is $85.35 and its 200-day moving average is $88.15. Wynn Resorts, Limited has a one year low of $71.63 and a one year high of $110.38. The firm has a market cap of $9.44 billion, a PE ratio of 21.07, a P/E/G ratio of 2.35 and a beta of 1.76.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The casino operator reported $2.42 earnings per share for the quarter, topping analysts' consensus estimates of $1.27 by $1.15. Wynn Resorts had a net margin of 7.03% and a negative return on equity of 71.17%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.78 billion. On average, equities research analysts expect that Wynn Resorts, Limited will post 5.17 EPS for the current fiscal year.

Wynn Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.13%. The ex-dividend date was Monday, February 24th. Wynn Resorts's payout ratio is 23.75%.

Wynn Resorts Profile

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.