Teacher Retirement System of Texas Purchases Shares of 13,684 Wynn Resorts, Limited (NASDAQ:WYNN)

Teacher Retirement System of Texas purchased a new stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) in the first 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.

Other large investors have also made changes to their positions in the company. Global X Japan Co. Ltd. grew its stake 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 purchasing an additional 175 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its stake 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 position in shares of Wynn Resorts during the 4th quarter valued at approximately $45,000. Garde Capital Inc. bought a new position in shares of Wynn Resorts during the 1st quarter valued at approximately $73,000. Finally, Mather Group LLC. grew its stake 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.

Wynn Resorts Stock Down 0.7%

Shares of Wynn Resorts stock opened at $111.17 on Monday. Wynn Resorts, Limited has a 52 week low of $65.25 and a 52 week high of $112.36. The stock's fifty day moving average is $92.94 and its two-hundred day moving average is $86.32. The company has a market capitalization of $11.62 billion, a PE ratio of 30.88, a price-to-earnings-growth ratio of 3.21 and a beta of 1.37.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the company posted $1.59 EPS. Wynn Resorts's quarterly revenue was down 8.7% compared to the same quarter last year. As a group, research analysts anticipate that Wynn Resorts, Limited will post 5.17 earnings per share for the current year.

Wynn Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders 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 0.90%. The ex-dividend date of this dividend was Friday, May 16th. Wynn Resorts's payout ratio is 27.78%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Citigroup reiterated a "neutral" rating and set a $114.00 price objective (up from $108.00) on shares of Wynn Resorts in a research note on Wednesday, July 9th. The Goldman Sachs Group started coverage on Wynn Resorts in a report on Monday, July 7th. They issued a "buy" rating and a $122.00 price target on the stock. Mizuho lowered their price target on Wynn Resorts from $132.00 to $122.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. Stifel Nicolaus set a $113.00 price target on Wynn Resorts in a report on Wednesday, May 7th. Finally, Bank of America raised Wynn Resorts from a "neutral" rating to a "buy" rating and set a $100.00 price target on the stock in a report 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 data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $112.71.

Insider Activity

In other news, Director Patricia Mulroy sold 2,262 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $92.12, for a total transaction of $208,375.44. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.52% of the company's stock.

About Wynn Resorts

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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