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

Woodline Partners LP purchased a new position in 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 institutional investor purchased 5,556 shares of the casino operator's stock, valued at approximately $479,000.

Other large investors also recently bought and sold shares of the company. New Wave Wealth Advisors LLC acquired a new position in shares of Wynn Resorts during the fourth quarter valued at approximately $26,000. SBI Securities Co. Ltd. acquired a new position in shares of Wynn Resorts during the fourth quarter valued at approximately $36,000. Spire Wealth Management raised its holdings in shares of 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 acquiring an additional 234 shares during the last quarter. Canada Post Corp Registered Pension Plan acquired a new position in shares of Wynn Resorts during the fourth quarter valued at approximately $45,000. Finally, Venturi Wealth Management LLC raised its holdings in shares of Wynn Resorts by 15.0% during the fourth quarter. Venturi Wealth Management LLC now owns 936 shares of the casino operator's stock valued at $81,000 after acquiring an additional 122 shares during the last quarter. Institutional investors and hedge funds own 88.64% of the company's stock.

Wynn Resorts Stock Performance

Shares of WYNN stock traded down $0.73 during trading hours on Friday, reaching $90.00. The company had a trading volume of 6,827,910 shares, compared to its average volume of 2,562,952. The company has a market capitalization of $9.41 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 2.35 and a beta of 1.33. Wynn Resorts, Limited has a 12-month low of $65.25 and a 12-month high of $107.81. The stock has a fifty day moving average of $82.85 and a 200-day moving average of $85.95.

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 for the quarter, missing the consensus estimate of $1.24 by ($0.17). The business had revenue of $1.70 billion during the quarter, compared to analysts' expectations of $1.74 billion. Wynn Resorts had a negative return on equity of 71.17% and a net margin of 7.03%. The company's revenue was down 8.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.59 earnings per share. On average, analysts forecast that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were given a $0.25 dividend. The ex-dividend date was Friday, May 16th. This represents a $1.00 annualized dividend and a yield of 1.11%. Wynn Resorts's payout ratio is 27.78%.

Insider Buying and Selling

In related news, Director Patricia Mulroy sold 2,262 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $92.12, for a total value of $208,375.44. Following the completion of the transaction, the director now directly owns 3,066 shares in the company, valued at approximately $282,439.92. This represents a 42.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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. Over the last three months, insiders acquired 416,500 shares of company stock worth $29,254,547. Company insiders own 0.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on WYNN. Stifel Nicolaus set a $113.00 target price on Wynn Resorts in a report on Wednesday, May 7th. Macquarie reissued an "outperform" rating and set a $115.00 target price on shares of Wynn Resorts in a report on Friday, February 14th. Morgan Stanley reduced their target price on Wynn Resorts from $105.00 to $103.00 and set an "overweight" rating for the company in a report on Monday, February 24th. Barclays reduced their target price on Wynn Resorts from $116.00 to $99.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Finally, Wall Street Zen cut Wynn Resorts from a "buy" rating to a "hold" rating in a report on Wednesday, March 12th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Wynn Resorts presently has an average rating of "Moderate Buy" and an average price target of $113.18.

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.