Teacher Retirement System of Texas Buys New Position in Wynn Resorts, Limited (NASDAQ:WYNN)

Teacher Retirement System of Texas purchased a new stake in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 13,684 shares of the casino operator's stock, valued at approximately $1,143,000.

Several other institutional investors have also added to or reduced their stakes in the company. Global X Japan Co. Ltd. lifted its position in shares of Wynn Resorts by 120.7% during the 1st quarter. Global X Japan Co. Ltd. now owns 320 shares of the casino operator's stock valued at $27,000 after acquiring an additional 175 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Wynn Resorts by 3,408.3% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 421 shares of the casino operator's stock valued at $35,000 after acquiring an additional 409 shares during the period. Canada Post Corp Registered Pension Plan bought a new stake in shares of Wynn Resorts during the 4th quarter valued at $45,000. Garde Capital Inc. bought a new stake in shares of Wynn Resorts during the 1st quarter valued at $73,000. Finally, Mather Group LLC. lifted its position in shares of Wynn Resorts by 32.7% during the 1st quarter. Mather Group LLC. now owns 896 shares of the casino operator's stock valued at $75,000 after acquiring an additional 221 shares during the period. 88.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on WYNN shares. Stifel Nicolaus set a $113.00 target price on Wynn Resorts in a research report on Wednesday, May 7th. JPMorgan Chase & Co. initiated coverage on Wynn Resorts in a research report on Monday, June 23rd. They set an "overweight" rating and a $109.00 price objective for the company. Barclays dropped their price objective on Wynn Resorts from $116.00 to $99.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. UBS Group restated a "neutral" rating and set a $101.00 price objective (up from $83.00) on shares of Wynn Resorts in a research report on Tuesday, July 8th. Finally, Citigroup restated a "neutral" rating and set a $114.00 price objective (up from $108.00) on shares of Wynn Resorts in a research report on Wednesday, July 9th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $112.71.

Wynn Resorts Trading Down 0.4%

WYNN traded down $0.41 on Thursday, reaching $109.44. The stock had a trading volume of 1,124,766 shares, compared to its average volume of 2,592,113. The company has a market capitalization of $11.44 billion, a price-to-earnings ratio of 30.40, a price-to-earnings-growth ratio of 3.02 and a beta of 1.37. The firm has a 50-day moving average of $95.02 and a 200-day moving average of $86.97. Wynn Resorts, Limited has a fifty-two week low of $65.25 and a fifty-two week high of $112.36.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last issued its quarterly 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 company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.74 billion. Wynn Resorts had a net margin of 6.17% and a negative return on equity of 62.13%. The company's quarterly revenue was down 8.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.59 EPS. Sell-side analysts anticipate that Wynn Resorts, Limited will post 5.17 EPS for the current fiscal year.

Wynn Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.91%. Wynn Resorts's payout ratio is 27.78%.

Insider Buying and Selling at Wynn Resorts

In other news, Director Patricia Mulroy sold 2,262 shares of the 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 sale, the director owned 3,066 shares of the company's stock, valued at approximately $282,439.92. This represents a 42.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.52% of the company's stock.

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.