Sciencast Management LP Lowers Stake in Wynn Resorts, Limited (NASDAQ:WYNN)

Sciencast Management LP trimmed its holdings in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 51.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,091 shares of the casino operator's stock after selling 11,551 shares during the quarter. Sciencast Management LP's holdings in Wynn Resorts were worth $956,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WYNN. New Wave Wealth Advisors LLC acquired a new stake in Wynn Resorts during the fourth quarter worth about $26,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Wynn Resorts in the 3rd quarter valued at $31,000. SBI Securities Co. Ltd. purchased a new stake in Wynn Resorts during the fourth quarter worth $36,000. Spire Wealth Management grew its position in Wynn Resorts by 116.4% during the fourth quarter. Spire Wealth Management now owns 435 shares of the casino operator's stock valued at $37,000 after buying an additional 234 shares during the period. Finally, Venturi Wealth Management LLC increased its holdings in Wynn Resorts by 15.0% in the fourth quarter. Venturi Wealth Management LLC now owns 936 shares of the casino operator's stock valued at $81,000 after buying an additional 122 shares in the last quarter. 88.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Wynn Resorts

In other news, Director Philip G. Satre purchased 22,200 shares of Wynn Resorts stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average price of $92.18 per share, with a total value of $2,046,396.00. Following the transaction, the director now owns 34,195 shares in the company, valued at $3,152,095.10. This represents a 185.08 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Tilman J. Fertitta acquired 11,475 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was acquired at an average price of $84.93 per share, with a total value of $974,571.75. Following the completion of the transaction, the insider now directly owns 12,600,000 shares of the company's stock, valued at $1,070,118,000. This trade represents a 0.09 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 38,700 shares of company stock worth $3,427,943 in the last ninety days. 0.52% of the stock is owned by insiders.

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Wynn Resorts Price Performance

Shares of NASDAQ:WYNN traded up $1.67 during midday trading on Tuesday, hitting $86.54. The company had a trading volume of 3,450,458 shares, compared to its average volume of 2,289,260. Wynn Resorts, Limited has a twelve month low of $71.63 and a twelve month high of $110.38. The stock has a market cap of $9.19 billion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 2.35 and a beta of 1.77. The business's 50-day simple moving average is $85.78 and its 200-day simple moving average is $89.06.

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

Wynn Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Monday, February 24th. Wynn Resorts's dividend payout ratio (DPR) is presently 23.75%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on WYNN. Barclays increased their target price on shares of Wynn Resorts from $115.00 to $116.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Macquarie reissued an "outperform" rating and issued a $115.00 price objective on shares of Wynn Resorts in a report on Friday, February 14th. Mizuho upped their target price on Wynn Resorts from $118.00 to $132.00 and gave the stock an "outperform" rating in a research note on Friday, February 14th. Jefferies Financial Group raised shares of Wynn Resorts from a "hold" rating to a "buy" rating and lifted their price target for the company from $105.00 to $118.00 in a research note on Tuesday, February 18th. Finally, StockNews.com cut shares of Wynn Resorts from a "buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $119.58.

Wynn Resorts Company 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.