Jackson Creek Investment Advisors LLC Makes New $535,000 Investment in Wynn Resorts, Limited (NASDAQ:WYNN)

Jackson Creek Investment Advisors LLC purchased a new stake in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,403 shares of the casino operator's stock, valued at approximately $535,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. American Assets Inc. raised its position in Wynn Resorts by 52.2% during the fourth quarter. American Assets Inc. now owns 10,200 shares of the casino operator's stock valued at $879,000 after purchasing an additional 3,500 shares in the last quarter. Avantax Advisory Services Inc. raised its position in Wynn Resorts by 9.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 7,426 shares of the casino operator's stock valued at $640,000 after purchasing an additional 638 shares in the last quarter. Cibc World Markets Corp grew its stake in shares of Wynn Resorts by 13.7% during the fourth quarter. Cibc World Markets Corp now owns 14,906 shares of the casino operator's stock worth $1,284,000 after buying an additional 1,796 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in shares of Wynn Resorts during the fourth quarter worth $299,000. Finally, Royal London Asset Management Ltd. grew its stake in shares of Wynn Resorts by 9.8% during the fourth quarter. Royal London Asset Management Ltd. now owns 45,948 shares of the casino operator's stock worth $3,959,000 after buying an additional 4,094 shares during the last quarter. 88.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Wynn Resorts news, Director Patricia Mulroy sold 2,262 shares of the firm's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $92.12, for a total value of $208,375.44. Following the completion of the transaction, the director directly owned 3,066 shares of the company's stock, valued at $282,439.92. This trade represents a 42.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.52% of the company's stock.

Wynn Resorts Trading Down 2.4%

Shares of WYNN traded down $2.67 on Friday, reaching $106.77. The company's stock had a trading volume of 2,054,040 shares, compared to its average volume of 2,592,834. Wynn Resorts, Limited has a twelve month low of $65.25 and a twelve month high of $112.36. The stock has a market capitalization of $11.16 billion, a PE ratio of 29.66, a PEG ratio of 2.89 and a beta of 1.37. The firm has a fifty day moving average of $95.40 and a 200-day moving average of $87.11.

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 analysts' consensus estimates of $1.24 by ($0.17). Wynn Resorts had a negative return on equity of 62.13% and a net margin of 6.17%. The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the company posted $1.59 earnings per share. The company's revenue for the quarter was down 8.7% on a year-over-year basis. As a group, equities analysts anticipate that Wynn Resorts, Limited will post 5.17 EPS for the current fiscal 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 issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.94%. The ex-dividend date was Friday, May 16th. Wynn Resorts's dividend payout ratio (DPR) is presently 27.78%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. started coverage on shares of Wynn Resorts in a research note on Monday, June 23rd. They set an "overweight" rating and a $109.00 target price on the stock. Argus cut shares of Wynn Resorts from a "buy" rating to a "hold" rating in a research note on Wednesday, April 23rd. UBS Group reissued a "neutral" rating and issued a $101.00 price objective (up previously from $83.00) on shares of Wynn Resorts in a research note on Tuesday, July 8th. Stifel Nicolaus set a $113.00 price objective on shares of Wynn Resorts in a research note on Wednesday, May 7th. Finally, Bank of America raised shares of Wynn Resorts from a "neutral" rating to a "buy" rating and set a $100.00 price objective on the stock in a research note on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $114.71.

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.