Raiffeisen Bank International AG Makes New Investment in Wynn Resorts, Limited (NASDAQ:WYNN)

Raiffeisen Bank International AG purchased a new stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,952 shares of the casino operator's stock, valued at approximately $254,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. State of Tennessee Department of Treasury increased its position in Wynn Resorts by 73.0% during the fourth quarter. State of Tennessee Department of Treasury now owns 23,791 shares of the casino operator's stock worth $2,050,000 after buying an additional 10,041 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Wynn Resorts by 190.9% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 19,798 shares of the casino operator's stock worth $1,706,000 after buying an additional 12,993 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of Wynn Resorts during the 4th quarter worth about $2,296,000. Brandywine Global Investment Management LLC acquired a new position in shares of Wynn Resorts during the 4th quarter valued at about $5,216,000. Finally, Alliancebernstein L.P. increased its holdings in shares of Wynn Resorts by 12.4% during the 4th quarter. Alliancebernstein L.P. now owns 122,760 shares of the casino operator's stock valued at $10,577,000 after acquiring an additional 13,553 shares during the last quarter. Institutional investors own 88.64% of the company's stock.

Wynn Resorts Price Performance

NASDAQ WYNN opened at $96.76 on Monday. The company's fifty day moving average is $81.46 and its two-hundred day moving average is $85.67. Wynn Resorts, Limited has a 52-week low of $65.25 and a 52-week high of $107.81. The firm has a market capitalization of $10.12 billion, a price-to-earnings ratio of 22.98, a P/E/G 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 company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the business posted $1.59 EPS. The firm's quarterly revenue was down 8.7% on a year-over-year basis. As a group, sell-side analysts expect that Wynn Resorts, Limited will post 5.17 earnings per share for the current fiscal year.

Wynn Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.03%. Wynn Resorts's dividend payout ratio is currently 27.78%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on WYNN shares. Macquarie restated an "outperform" rating and issued a $115.00 target price on shares of Wynn Resorts in a report on Friday, February 14th. Argus lowered shares of Wynn Resorts from a "buy" rating to a "hold" rating in a research report on Wednesday, April 23rd. Bank of America upgraded shares of Wynn Resorts from a "neutral" rating to a "buy" rating and set a $100.00 price objective for the company in a research note on Wednesday, May 7th. Morgan Stanley decreased their price objective 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. Finally, Citigroup upgraded shares of Wynn Resorts from a "neutral" rating to a "buy" rating in a report on Wednesday, May 7th. Three investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $112.92.

Insider Transactions at Wynn Resorts

In other Wynn Resorts news, major shareholder Tilman J. Fertitta bought 5,025 shares of the firm's stock in a transaction dated Friday, March 21st. The shares were acquired at an average cost of $80.99 per share, for a total transaction of $406,974.75. Following the transaction, the insider now owns 10,905,025 shares in the company, valued at approximately $883,197,974.75. The trade was a 0.05% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Philip G. Satre bought 22,200 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average cost of $92.18 per share, for a total transaction of $2,046,396.00. Following the purchase, the director now owns 34,195 shares of the company's stock, valued at $3,152,095.10. This trade represents a 185.08% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 438,700 shares of company stock valued at $31,300,943. 0.52% of the stock is owned by corporate insiders.

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.

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