Nordea Investment Management AB Has $13.10 Million Stake in Wynn Resorts, Limited (NASDAQ:WYNN)

Nordea Investment Management AB raised its position in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 130.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 143,480 shares of the casino operator's stock after acquiring an additional 81,338 shares during the quarter. Nordea Investment Management AB owned approximately 0.13% of Wynn Resorts worth $13,101,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Horizon Investments LLC raised its holdings in Wynn Resorts by 6.7% during the second quarter. Horizon Investments LLC now owns 1,731 shares of the casino operator's stock worth $183,000 after purchasing an additional 108 shares in the last quarter. Captrust Financial Advisors raised its holdings in Wynn Resorts by 3.6% during the third quarter. Captrust Financial Advisors now owns 4,240 shares of the casino operator's stock worth $267,000 after purchasing an additional 147 shares in the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC raised its holdings in Wynn Resorts by 4.3% during the third quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 3,630 shares of the casino operator's stock worth $323,000 after purchasing an additional 150 shares in the last quarter. Mystic Asset Management Inc. raised its holdings in Wynn Resorts by 1.6% during the third quarter. Mystic Asset Management Inc. now owns 11,131 shares of the casino operator's stock worth $1,029,000 after purchasing an additional 175 shares in the last quarter. Finally, M&T Bank Corp raised its holdings in Wynn Resorts by 5.0% during the third quarter. M&T Bank Corp now owns 4,084 shares of the casino operator's stock worth $258,000 after purchasing an additional 196 shares in the last quarter. Institutional investors and hedge funds own 61.88% of the company's stock.

Insiders Place Their Bets

In related news, EVP Ellen F. Whittemore sold 4,180 shares of the business's stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $95.26, for a total value of $398,186.80. Following the sale, the executive vice president now directly owns 74,144 shares in the company, valued at approximately $7,062,957.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Ellen F. Whittemore sold 4,180 shares of the business's stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $95.26, for a total value of $398,186.80. Following the sale, the executive vice president now directly owns 74,144 shares in the company, valued at approximately $7,062,957.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Julie Cameron-Doe sold 4,407 shares of the business's stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $95.26, for a total transaction of $419,810.82. Following the completion of the sale, the chief financial officer now owns 67,380 shares in the company, valued at $6,418,618.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,828 shares of company stock worth $7,345,942. Corporate insiders own 0.48% of the company's stock.

Wynn Resorts Price Performance

Shares of NASDAQ WYNN traded down $0.12 during trading on Thursday, hitting $99.96. 1,157,190 shares of the company were exchanged, compared to its average volume of 1,928,427. The company has a market cap of $11.20 billion, a price-to-earnings ratio of 16.72 and a beta of 1.94. Wynn Resorts, Limited has a 1 year low of $81.65 and a 1 year high of $117.86. The firm's fifty day moving average price is $99.81 and its 200 day moving average price is $93.70.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last issued its earnings results on Wednesday, February 7th. The casino operator reported $1.91 EPS for the quarter, topping the consensus estimate of $1.15 by $0.76. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.74 billion. Wynn Resorts had a net margin of 11.18% and a negative return on equity of 31.17%. The business's revenue was up 83.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.23) EPS. On average, research analysts forecast that Wynn Resorts, Limited will post 5.28 earnings per share for the current year.

Wynn Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Tuesday, February 20th were given a dividend of $0.25 per share. The ex-dividend date was Friday, February 16th. This represents a $1.00 annualized dividend and a dividend yield of 1.00%. Wynn Resorts's payout ratio is currently 16.72%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wells Fargo & Company lifted their target price on shares of Wynn Resorts from $122.00 to $124.00 and gave the company an "overweight" rating in a report on Thursday, February 8th. UBS Group cut their target price on shares of Wynn Resorts from $117.00 to $108.00 and set a "neutral" rating on the stock in a report on Tuesday, February 6th. Susquehanna lifted their target price on shares of Wynn Resorts from $105.00 to $115.00 and gave the company a "positive" rating in a report on Thursday, February 8th. Bank Of America (Bofa) lifted their target price on shares of Wynn Resorts from $95.00 to $105.00 and gave the company a "neutral" rating in a report on Wednesday, January 17th. Finally, Barclays lifted their target price on shares of Wynn Resorts from $108.00 to $117.00 and gave the company an "overweight" rating in a report on Thursday, February 8th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $119.62.

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.