UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $53.14 Million Stock Holdings in Wynn Resorts, Limited (NASDAQ:WYNN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 616,748 shares of the casino operator's stock after selling 7,721 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.56% of Wynn Resorts worth $53,139,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of WYNN. Worldquant Millennium Advisors LLC bought a new stake in Wynn Resorts in the 4th quarter valued at $14,413,000. Woodline Partners LP acquired a new stake in shares of Wynn Resorts in the 4th quarter valued at about $479,000. Twinbeech Capital LP bought a new stake in shares of Wynn Resorts in the fourth quarter valued at about $363,000. Snowden Capital Advisors LLC boosted its position in shares of Wynn Resorts by 5.6% during the fourth quarter. Snowden Capital Advisors LLC now owns 2,589 shares of the casino operator's stock worth $223,000 after buying an additional 138 shares during the period. Finally, Siemens Fonds Invest GmbH bought a new position in shares of Wynn Resorts during the fourth quarter worth about $115,000. 88.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on WYNN shares. Wall Street Zen lowered shares of Wynn Resorts from a "buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Mizuho reduced their price objective on shares of Wynn Resorts from $132.00 to $122.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th. Argus cut Wynn Resorts from a "buy" rating to a "hold" rating in a report on Wednesday, April 23rd. Jefferies Financial Group raised Wynn Resorts from a "hold" rating to a "buy" rating and lifted their target price for the company from $105.00 to $118.00 in a research report on Tuesday, February 18th. Finally, Stifel Nicolaus set a $113.00 price target on Wynn Resorts in a research report on Wednesday, May 7th. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Wynn Resorts currently has an average rating of "Moderate Buy" and an average price target of $113.18.

Wynn Resorts Trading Down 0.2%

Shares of WYNN traded down $0.22 during mid-day trading on Thursday, reaching $90.72. The company's stock had a trading volume of 1,240,162 shares, compared to its average volume of 2,535,671. Wynn Resorts, Limited has a 1-year low of $65.25 and a 1-year high of $107.81. The business has a 50-day simple moving average of $82.65 and a two-hundred day simple moving average of $85.89. The stock has a market cap of $9.49 billion, a P/E ratio of 21.56, a PEG ratio of 2.35 and a beta of 1.33.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The casino operator reported $1.07 earnings per share (EPS) 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 business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period in the prior year, the business earned $1.59 EPS. The company's revenue for the quarter was down 8.7% compared to the same quarter last year. Research analysts anticipate that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Friday, May 16th. Wynn Resorts's payout ratio is 27.78%.

Insider Buying and Selling

In related news, major shareholder Tilman J. Fertitta acquired 5,025 shares of the business's stock in a transaction on Friday, March 21st. The stock was purchased at an average cost of $80.99 per share, for a total transaction of $406,974.75. Following the completion of the transaction, the insider now directly owns 10,905,025 shares of the company's stock, valued at approximately $883,197,974.75. The trade was a 0.05% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders purchased 416,500 shares of company stock valued at $29,254,547. Company 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.