Aquatic Capital Management LLC Purchases New Stake in Wynn Resorts, Limited (NASDAQ:WYNN)

Aquatic Capital Management LLC bought a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 142,739 shares of the casino operator's stock, valued at approximately $12,298,000. Aquatic Capital Management LLC owned 0.13% of Wynn Resorts as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB acquired a new position in shares of Wynn Resorts in the 3rd quarter valued at $31,000. Synovus Financial Corp acquired a new position in shares of Wynn Resorts in the 3rd quarter valued at $202,000. Franklin Resources Inc. grew its holdings in shares of Wynn Resorts by 0.5% in the 3rd quarter. Franklin Resources Inc. now owns 250,962 shares of the casino operator's stock valued at $26,088,000 after buying an additional 1,165 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Wynn Resorts by 1.9% in the 3rd quarter. Principal Financial Group Inc. now owns 108,067 shares of the casino operator's stock valued at $10,361,000 after buying an additional 2,001 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Wynn Resorts by 91.9% in the 4th quarter. GAMMA Investing LLC now owns 2,885 shares of the casino operator's stock worth $249,000 after purchasing an additional 1,382 shares during the period. Institutional investors and hedge funds own 88.64% of the company's stock.

Insider Buying and Selling at Wynn Resorts

In other Wynn Resorts news, Director Philip G. Satre acquired 22,200 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were bought at an average cost of $92.18 per share, with a total value of $2,046,396.00. Following the purchase, the director now directly owns 34,195 shares of the company's stock, valued at $3,152,095.10. This trade represents a 185.08 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Tilman J. Fertitta acquired 5,025 shares of the company's stock in a transaction dated Friday, March 21st. The stock was acquired at an average cost of $80.99 per share, for a total transaction of $406,974.75. Following the completion of the purchase, the insider now directly owns 10,905,025 shares in the company, valued at $883,197,974.75. This trade represents a 0.05 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 438,700 shares of company stock worth $31,300,943. Insiders own 0.52% of the company's stock.

Wynn Resorts Trading Down 0.3 %

NASDAQ WYNN traded down $0.23 during midday trading on Thursday, hitting $80.09. The company had a trading volume of 764,956 shares, compared to its average volume of 2,672,461. The company has a market capitalization of $8.50 billion, a PE ratio of 19.02, a P/E/G ratio of 2.35 and a beta of 1.53. The firm has a 50-day moving average price of $81.41 and a 200-day moving average price of $86.65. Wynn Resorts, Limited has a twelve month low of $65.25 and a twelve month high of $107.81.

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 (EPS) for the quarter, beating the consensus estimate of $1.27 by $1.15. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.78 billion. Wynn Resorts had a negative return on equity of 71.17% and a net margin of 7.03%. On average, equities analysts anticipate that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.25%. Wynn Resorts's dividend payout ratio (DPR) is presently 23.75%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on WYNN. Barclays reduced their target price on shares of Wynn Resorts from $116.00 to $99.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Macquarie reaffirmed an "outperform" rating and set a $115.00 price target on shares of Wynn Resorts in a research report on Friday, February 14th. Morgan Stanley lowered their target price on shares of Wynn Resorts from $105.00 to $103.00 and set an "overweight" rating on the stock in a report on Monday, February 24th. Jefferies Financial Group upgraded shares of Wynn Resorts from a "hold" rating to a "buy" rating and boosted their target price for the stock from $105.00 to $118.00 in a report on Tuesday, February 18th. Finally, Argus downgraded shares of Wynn Resorts from a "buy" rating to a "hold" rating in a report on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $118.17.

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.