Heck Capital Advisors LLC Purchases Shares of 4,480 Wynn Resorts, Limited (NASDAQ:WYNN)

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

Several other institutional investors also recently modified their holdings of WYNN. SG Americas Securities LLC increased its stake in Wynn Resorts by 129.2% in the fourth quarter. SG Americas Securities LLC now owns 19,730 shares of the casino operator's stock valued at $1,700,000 after purchasing an additional 87,283 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of Wynn Resorts by 4.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 13,811 shares of the casino operator's stock valued at $1,190,000 after buying an additional 589 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Wynn Resorts by 5.8% in the 4th quarter. Fifth Third Bancorp now owns 2,183 shares of the casino operator's stock valued at $188,000 after buying an additional 119 shares in the last quarter. Pacer Advisors Inc. raised its stake in Wynn Resorts by 31.9% during the 4th quarter. Pacer Advisors Inc. now owns 21,909 shares of the casino operator's stock worth $1,888,000 after buying an additional 5,294 shares during the period. Finally, Robeco Institutional Asset Management B.V. bought a new position in Wynn Resorts during the fourth quarter worth about $964,000. 88.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Macquarie restated an "outperform" rating and issued a $115.00 price target on shares of Wynn Resorts in a report on Friday, February 14th. Mizuho cut their price target on shares of Wynn Resorts from $132.00 to $122.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. Morgan Stanley reduced their price target on shares of Wynn Resorts from $105.00 to $103.00 and set an "overweight" rating for the company in a report on Monday, February 24th. Citigroup upgraded shares of Wynn Resorts from a "neutral" rating to a "buy" rating in a report on Wednesday, May 7th. Finally, Wall Street Zen cut shares of Wynn Resorts from a "buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Three analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $113.18.

Insider Buying and Selling

In other Wynn Resorts news, major shareholder Tilman J. Fertitta purchased 100,000 shares of the business's stock in a transaction on Monday, April 7th. The stock was acquired at an average price of $67.62 per share, with a total value of $6,762,000.00. Following the acquisition, the insider now directly owns 13,000,000 shares of the company's stock, valued at $879,060,000. This trade represents a 0.78% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Over the last 90 days, insiders acquired 416,500 shares of company stock worth $29,254,547. Company insiders own 0.52% of the company's stock.

Wynn Resorts Trading Down 0.8%

Shares of NASDAQ:WYNN traded down $0.73 during trading on Friday, hitting $90.00. 6,827,562 shares of the company were exchanged, compared to its average volume of 2,555,374. Wynn Resorts, Limited has a fifty-two week low of $65.25 and a fifty-two week high of $107.81. The stock has a market cap of $9.41 billion, a price-to-earnings ratio of 21.38, a P/E/G ratio of 2.35 and a beta of 1.33. The firm has a fifty day moving average price of $82.77 and a two-hundred day moving average price of $85.91.

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). The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.74 billion. Wynn Resorts had a net margin of 7.03% and a negative return on equity of 71.17%. Wynn Resorts's quarterly revenue was down 8.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.59 earnings per share. As a group, research analysts predict that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Friday, May 16th. Wynn Resorts's payout ratio is currently 27.78%.

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.