New York State Common Retirement Fund Buys 3,000 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

New York State Common Retirement Fund grew its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 5.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,684 shares of the casino operator's stock after acquiring an additional 3,000 shares during the quarter. New York State Common Retirement Fund owned about 0.06% of Wynn Resorts worth $4,984,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in Wynn Resorts in the fourth quarter worth $117,352,000. Jericho Capital Asset Management L.P. purchased a new position in Wynn Resorts during the 4th quarter valued at approximately $101,375,000. DAVENPORT & Co LLC bought a new stake in shares of Wynn Resorts in the 1st quarter valued at approximately $49,476,000. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Wynn Resorts by 18.4% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,125,668 shares of the casino operator's stock valued at $269,308,000 after purchasing an additional 485,204 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of Wynn Resorts by 108.5% during the 4th quarter. Deutsche Bank AG now owns 848,636 shares of the casino operator's stock worth $73,118,000 after acquiring an additional 441,558 shares during the last quarter. Institutional investors own 88.64% of the company's stock.

Wynn Resorts Trading Up 0.9%

Shares of NASDAQ:WYNN traded up $0.99 during trading on Friday, hitting $109.44. 1,463,424 shares of the stock were exchanged, compared to its average volume of 1,911,695. Wynn Resorts, Limited has a 12-month low of $65.25 and a 12-month high of $112.36. The company has a market cap of $11.44 billion, a PE ratio of 30.40, a P/E/G ratio of 3.00 and a beta of 1.37. The company has a fifty day moving average price of $96.51 and a two-hundred day moving average price of $87.93.

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 business 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 revenue was down 8.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.59 earnings per share. Equities research analysts anticipate that Wynn Resorts, Limited will post 5.17 earnings per share for the current fiscal year.

Wynn Resorts Announces Dividend

The firm also recently announced 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 0.91%. The ex-dividend date of this dividend was Friday, May 16th. Wynn Resorts's payout ratio is 27.78%.

Insiders Place Their Bets

In other Wynn Resorts news, Director Patricia Mulroy sold 2,262 shares of Wynn Resorts stock in a transaction that occurred on 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 directly owned 3,066 shares in the company, valued at $282,439.92. The trade was a 42.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.52% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on WYNN shares. Stifel Nicolaus set a $113.00 price target on Wynn Resorts in a report on Wednesday, May 7th. Bank of America raised Wynn Resorts from a "neutral" rating to a "buy" rating and set a $100.00 price target for the company in a research report on Wednesday, May 7th. Mizuho reduced their price target on Wynn Resorts from $132.00 to $122.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. JPMorgan Chase & Co. began coverage on Wynn Resorts in a research report on Monday, June 23rd. They issued an "overweight" rating and a $109.00 price target for the company. Finally, Argus cut Wynn Resorts from a "buy" rating to a "hold" rating in a research note on Wednesday, April 23rd. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.