Wynn Resorts, Limited (NASDAQ:WYNN) Shares Bought by Bamco Inc. NY

Bamco Inc. NY lifted its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 6.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 109,262 shares of the casino operator's stock after acquiring an additional 6,746 shares during the period. Bamco Inc. NY owned 0.10% of Wynn Resorts worth $9,414,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. New Wave Wealth Advisors LLC acquired a new stake in shares of Wynn Resorts during the fourth quarter worth about $26,000. Wilmington Savings Fund Society FSB acquired a new position in Wynn Resorts during the third quarter worth approximately $31,000. SBI Securities Co. Ltd. purchased a new stake in Wynn Resorts in the fourth quarter valued at approximately $36,000. Spire Wealth Management boosted its holdings in shares of Wynn Resorts by 116.4% in the fourth quarter. Spire Wealth Management now owns 435 shares of the casino operator's stock valued at $37,000 after acquiring an additional 234 shares during the period. Finally, Canada Post Corp Registered Pension Plan acquired a new stake in shares of Wynn Resorts in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 88.64% of the company's stock.

Analysts Set New Price Targets

WYNN has been the subject of several research reports. Macquarie reiterated an "outperform" rating and issued a $115.00 price target on shares of Wynn Resorts in a research report on Friday, February 14th. Barclays decreased 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. Mizuho boosted their price target on Wynn Resorts from $118.00 to $132.00 and gave the company an "outperform" rating in a research report on Friday, February 14th. Argus cut Wynn Resorts from a "buy" rating to a "hold" rating in a research report on Wednesday, April 23rd. Finally, Morgan Stanley lowered their target price on Wynn Resorts from $105.00 to $103.00 and set an "overweight" rating on the stock in a research note on Monday, February 24th. Three equities research 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 company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $115.62.

Insider Buying and Selling at Wynn Resorts

In related news, Director Philip G. Satre purchased 22,200 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was bought at an average price of $92.18 per share, with a total value of $2,046,396.00. Following the completion of the transaction, the director now 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Tilman J. Fertitta acquired 11,475 shares of Wynn Resorts stock in a transaction dated Monday, March 24th. The stock was bought at an average price of $84.93 per share, for a total transaction 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 approximately $1,070,118,000. This represents a 0.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 438,700 shares of company stock worth $31,300,943. 0.52% of the stock is owned by corporate insiders.

Wynn Resorts Trading Up 0.7 %

Shares of NASDAQ:WYNN traded up $0.62 on Wednesday, reaching $84.14. 3,844,662 shares of the company were exchanged, compared to its average volume of 2,490,841. The company has a 50-day moving average of $80.68 and a 200-day moving average of $86.04. Wynn Resorts, Limited has a 1-year low of $65.25 and a 1-year high of $107.81. The firm has a market cap of $8.93 billion, a price-to-earnings ratio of 19.99, a price-to-earnings-growth ratio of 2.35 and a beta of 1.33.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The casino operator reported $1.07 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.17). Wynn Resorts had a negative return on equity of 71.17% and a net margin of 7.03%. The firm had revenue of $1.70 billion for the quarter, compared to analysts' expectations of $1.74 billion. During the same period last year, the firm earned $1.59 EPS. Wynn Resorts's revenue was down 8.7% compared to the same quarter last year. As a group, analysts forecast that Wynn Resorts, Limited will post 5.17 earnings per share for the current year.

Wynn Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Friday, May 16th. Wynn Resorts's dividend payout ratio (DPR) is presently 23.75%.

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.