PKO Investment Management Joint Stock Co Buys Shares of 11,000 Wynn Resorts, Limited (NASDAQ:WYNN)

PKO Investment Management Joint Stock Co purchased a new stake in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 11,000 shares of the casino operator's stock, valued at approximately $948,000.

Other institutional investors have also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC acquired a new stake in Wynn Resorts in the 4th quarter valued at $26,000. SBI Securities Co. Ltd. purchased a new position in Wynn Resorts in the 4th quarter valued at $36,000. Spire Wealth Management lifted its holdings in Wynn Resorts by 116.4% in the 4th quarter. Spire Wealth Management now owns 435 shares of the casino operator's stock valued at $37,000 after purchasing an additional 234 shares in the last quarter. Canada Post Corp Registered Pension Plan purchased a new position in Wynn Resorts in the 4th quarter valued at $45,000. Finally, Venturi Wealth Management LLC lifted its holdings in Wynn Resorts by 15.0% in the 4th quarter. Venturi Wealth Management LLC now owns 936 shares of the casino operator's stock valued at $81,000 after purchasing an additional 122 shares in the last quarter. Institutional investors and hedge funds own 88.64% of the company's stock.

Analyst Upgrades and Downgrades

WYNN has been the topic of a number of research reports. Macquarie restated an "outperform" rating and issued a $115.00 price objective on shares of Wynn Resorts in a report on Friday, February 14th. Citigroup upgraded Wynn Resorts from a "neutral" rating to a "buy" rating in a report on Wednesday, May 7th. Bank of America upgraded Wynn Resorts from a "neutral" rating to a "buy" rating and set a $100.00 price objective on the stock in a report on Wednesday, May 7th. Barclays decreased their price objective on Wynn Resorts from $116.00 to $99.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, Mizuho decreased their price objective on Wynn Resorts from $132.00 to $122.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Wynn Resorts currently has a consensus rating of "Moderate Buy" and a consensus price target of $113.18.

Wynn Resorts Price Performance

Shares of NASDAQ:WYNN traded down $0.73 during midday trading on Friday, reaching $90.00. 6,827,910 shares of the company's stock were exchanged, compared to its average volume of 2,560,719. The firm's 50 day simple moving average is $82.85 and its two-hundred day simple moving average is $85.95. 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. Wynn Resorts, Limited has a fifty-two week low of $65.25 and a fifty-two week high of $107.81.

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). The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.74 billion. Wynn Resorts had a negative return on equity of 71.17% and a net margin of 7.03%. The firm's revenue for the quarter was down 8.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.59 earnings per share. Equities research analysts predict that Wynn Resorts, Limited will post 5.17 earnings per share 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 given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Friday, May 16th. Wynn Resorts's payout ratio is 27.78%.

Insider Buying and Selling

In other Wynn Resorts news, Director Patricia Mulroy sold 2,262 shares of Wynn Resorts stock in a transaction dated 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 of the company's stock, valued at $282,439.92. The trade was a 42.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Tilman J. Fertitta bought 11,475 shares of the company's stock in a transaction on Monday, March 24th. The stock was purchased at an average cost of $84.93 per share, with a total value of $974,571.75. Following the completion of the transaction, the insider now owns 12,600,000 shares in the company, valued at $1,070,118,000. This represents a 0.09% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 416,500 shares of company stock valued at $29,254,547. 0.52% of the stock is currently owned by insiders.

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.