Wynn Resorts, Limited (NASDAQ:WYNN) Shares Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd lifted its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 1,887.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,374 shares of the casino operator’s stock after purchasing an additional 75,381 shares during the period. WINTON GROUP Ltd owned about 0.07% of Wynn Resorts worth $6,839,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its position in shares of Wynn Resorts by 90.6% in the third quarter. Wellington Management Group LLP now owns 115,707 shares of the casino operator’s stock worth $11,094,000 after acquiring an additional 54,995 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Wynn Resorts in the 4th quarter valued at about $75,872,000. Empirical Asset Management LLC acquired a new position in Wynn Resorts in the 4th quarter worth about $903,000. Cookson Peirce & Co. Inc. raised its holdings in Wynn Resorts by 79.8% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 33,828 shares of the casino operator’s stock worth $2,915,000 after purchasing an additional 15,017 shares during the period. Finally, ARGA Investment Management LP purchased a new position in Wynn Resorts during the third quarter worth approximately $2,174,000. 88.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Wynn Resorts news, major shareholder Tilman J. Fertitta acquired 5,025 shares of the stock in a transaction dated Friday, March 21st. The stock was acquired at an average cost of $80.99 per share, with a total value of $406,974.75. Following the transaction, the insider now owns 10,905,025 shares in the company, valued at $883,197,974.75. The trade was a 0.05 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Philip G. Satre bought 22,200 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average price of $92.18 per share, for a total transaction of $2,046,396.00. Following the transaction, the director now directly owns 34,195 shares of the company’s stock, valued at approximately $3,152,095.10. This represents a 185.08 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 38,700 shares of company stock valued at $3,427,943. Company insiders own 0.52% of the company’s stock.

Wynn Resorts Stock Down 0.2 %

Shares of NASDAQ:WYNN opened at $85.83 on Thursday. Wynn Resorts, Limited has a 52-week low of $71.63 and a 52-week high of $110.38. The stock has a market cap of $9.11 billion, a P/E ratio of 20.39, a PEG ratio of 2.35 and a beta of 1.77. The business has a fifty day moving average of $85.93 and a two-hundred day moving average of $89.10.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings data on Thursday, February 13th. The casino operator reported $2.42 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.78 billion. On average, equities analysts anticipate that Wynn Resorts, Limited will post 5.17 earnings per share for the current year.

Wynn Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date was Monday, February 24th. Wynn Resorts’s payout ratio is 23.75%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on WYNN shares. StockNews.com downgraded Wynn Resorts from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Macquarie reaffirmed an “outperform” rating and set a $115.00 price objective on shares of Wynn Resorts in a report on Friday, February 14th. Morgan Stanley dropped their target price on shares of Wynn Resorts from $105.00 to $103.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. Barclays upped their price target on shares of Wynn Resorts from $115.00 to $116.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Finally, Jefferies Financial Group upgraded Wynn Resorts from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $105.00 to $118.00 in a report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $119.58.

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.