4,480 Shares in Wynn Resorts, Limited (NASDAQ:WYNN) Purchased by Heck Capital Advisors LLC

Heck Capital Advisors LLC bought a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,480 shares of the casino operator's stock, valued at approximately $386,000.

A number of other institutional investors have also made changes to their positions in WYNN. SG Americas Securities LLC lifted its position in shares of Wynn Resorts by 129.2% during the fourth quarter. SG Americas Securities LLC now owns 19,730 shares of the casino operator's stock worth $1,700,000 after purchasing an additional 87,283 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Wynn Resorts by 4.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 13,811 shares of the casino operator's stock worth $1,190,000 after purchasing an additional 589 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Wynn Resorts by 5.8% during the fourth quarter. Fifth Third Bancorp now owns 2,183 shares of the casino operator's stock worth $188,000 after purchasing an additional 119 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Wynn Resorts by 31.9% during the fourth quarter. Pacer Advisors Inc. now owns 21,909 shares of the casino operator's stock worth $1,888,000 after purchasing an additional 5,294 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. acquired a new position in shares of Wynn Resorts during the fourth quarter worth $964,000. 88.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder Tilman J. Fertitta purchased 5,025 shares of Wynn Resorts 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 acquisition, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Patricia Mulroy sold 2,262 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $92.12, for a total transaction of $208,375.44. Following the transaction, the director now directly owns 3,066 shares of the company's stock, valued at approximately $282,439.92. This trade represents a 42.45% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders bought 416,500 shares of company stock valued at $29,254,547. 0.52% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on WYNN shares. Citigroup raised shares of Wynn Resorts from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 7th. Bank of America upgraded shares of Wynn Resorts from a "neutral" rating to a "buy" rating and set a $100.00 price target for the company 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. Stifel Nicolaus set a $113.00 price target on shares of Wynn Resorts in a research note on Wednesday, May 7th. Finally, Wall Street Zen lowered shares of Wynn Resorts from a "buy" rating to a "hold" rating in a research note on Wednesday, March 12th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Wynn Resorts presently has an average rating of "Moderate Buy" and a consensus price target of $113.18.

Wynn Resorts Stock Down 0.8%

WYNN stock traded down $0.73 during trading on Friday, hitting $90.00. 6,827,910 shares of the company's stock traded hands, compared to its average volume of 2,562,952. Wynn Resorts, Limited has a 52 week low of $65.25 and a 52 week high of $107.81. The stock has a fifty day moving average price of $82.85 and a two-hundred day moving average price of $85.95. The stock has a market capitalization of $9.41 billion, a price-to-earnings ratio of 21.38, a price-to-earnings-growth ratio of 2.35 and a beta of 1.33.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last released its earnings results 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). Wynn Resorts had a net margin of 7.03% and a negative return on equity of 71.17%. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the firm earned $1.59 EPS. The firm's revenue for the quarter was down 8.7% on a year-over-year basis. As a group, equities research analysts expect that Wynn Resorts, Limited will post 5.17 EPS for the current fiscal year.

Wynn Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were issued 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 was Friday, May 16th. Wynn Resorts's dividend payout ratio (DPR) is 27.78%.

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.