5,556 Shares in Wynn Resorts, Limited (NASDAQ:WYNN) Bought by Woodline Partners LP

Woodline Partners LP bought a new position in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,556 shares of the casino operator's stock, valued at approximately $479,000.

A number of other institutional investors also recently modified their holdings of WYNN. Norges Bank bought a new position in shares of Wynn Resorts in the fourth quarter worth about $117,352,000. Jericho Capital Asset Management L.P. bought a new position in shares of Wynn Resorts in the fourth quarter worth about $101,375,000. Raymond James Financial Inc. bought a new position in shares of Wynn Resorts in the fourth quarter worth about $75,872,000. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Wynn Resorts by 18.4% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,125,668 shares of the casino operator's stock worth $269,308,000 after acquiring an additional 485,204 shares during the last quarter. Finally, Deutsche Bank AG raised its stake in shares of Wynn Resorts by 108.5% in the fourth quarter. Deutsche Bank AG now owns 848,636 shares of the casino operator's stock worth $73,118,000 after acquiring an additional 441,558 shares during the last quarter. 88.64% of the stock is owned by institutional investors.

Wynn Resorts Stock Performance

NASDAQ:WYNN traded down $0.40 during trading hours on Friday, hitting $90.34. The stock had a trading volume of 1,717,351 shares, compared to its average volume of 2,535,423. Wynn Resorts, Limited has a one year low of $65.25 and a one year high of $107.81. The company has a market cap of $9.44 billion, a price-to-earnings ratio of 21.45, a P/E/G ratio of 2.35 and a beta of 1.33. The business's 50 day moving average is $82.77 and its 200-day moving average is $85.91.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The casino operator reported $1.07 earnings per share (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 company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the prior year, the company earned $1.59 EPS. The firm's revenue was down 8.7% on a year-over-year basis. On average, sell-side analysts anticipate 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 will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Friday, May 16th. Wynn Resorts's dividend payout ratio is 27.78%.

Insider Transactions at Wynn Resorts

In related news, major shareholder Tilman J. Fertitta acquired 5,025 shares of the stock in a transaction dated Friday, March 21st. The stock was bought at an average price of $80.99 per share, with a total value of $406,974.75. Following the completion of the transaction, the insider now directly owns 10,905,025 shares of the company's stock, valued at approximately $883,197,974.75. The trade was a 0.05% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders purchased 416,500 shares of company stock valued at $29,254,547 over the last quarter. Corporate insiders own 0.52% of the company's stock.

Wall Street Analysts Forecast Growth

WYNN has been the subject of a number of research analyst reports. Jefferies Financial Group raised 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 research note on Tuesday, February 18th. Argus downgraded shares of Wynn Resorts from a "buy" rating to a "hold" rating in a research note on Wednesday, April 23rd. Citigroup raised shares of Wynn Resorts from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 7th. Barclays dropped their price target 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. Finally, Mizuho dropped their price target on shares of Wynn Resorts from $132.00 to $122.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th. Three analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Wynn Resorts has a consensus rating of "Moderate Buy" and a consensus target price of $113.18.

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.