12,625 Shares in Wynn Resorts, Limited (NASDAQ:WYNN) Purchased by Synergy Asset Management LLC

Synergy Asset Management LLC purchased a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,625 shares of the casino operator's stock, valued at approximately $1,150,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB boosted its stake in Wynn Resorts by 130.9% in the fourth quarter. Nordea Investment Management AB now owns 143,480 shares of the casino operator's stock valued at $13,101,000 after acquiring an additional 81,338 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in Wynn Resorts by 82.5% in the second quarter. Nuveen Asset Management LLC now owns 777,860 shares of the casino operator's stock valued at $82,150,000 after acquiring an additional 351,537 shares during the last quarter. Keybank National Association OH boosted its stake in Wynn Resorts by 8.1% in the third quarter. Keybank National Association OH now owns 249,716 shares of the casino operator's stock valued at $23,076,000 after acquiring an additional 18,802 shares during the last quarter. Kestra Advisory Services LLC lifted its stake in shares of Wynn Resorts by 11.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 6,202 shares of the casino operator's stock valued at $573,000 after buying an additional 633 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Wynn Resorts during the 2nd quarter valued at approximately $26,719,000. 68.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on WYNN shares. JPMorgan Chase & Co. upped their price target on shares of Wynn Resorts from $118.00 to $123.00 and gave the company an "overweight" rating in a research note on Tuesday, February 27th. Bank Of America (Bofa) upped their price target on shares of Wynn Resorts from $95.00 to $105.00 and gave the company a "neutral" rating in a research note on Wednesday, January 17th. UBS Group dropped their price target on shares of Wynn Resorts from $117.00 to $108.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 6th. StockNews.com cut shares of Wynn Resorts from a "buy" rating to a "hold" rating in a research note on Wednesday. Finally, Macquarie increased their target price on shares of Wynn Resorts from $122.00 to $128.00 and gave the stock an "outperform" rating in a research note on Friday, February 9th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $119.62.

Wynn Resorts Trading Up 0.4 %

Shares of Wynn Resorts stock traded up $0.44 on Friday, hitting $102.23. 1,018,310 shares of the company traded hands, compared to its average volume of 1,616,800. The firm's 50-day simple moving average is $100.69 and its 200 day simple moving average is $93.87. The company has a market cap of $11.46 billion, a P/E ratio of 17.10 and a beta of 1.94. Wynn Resorts, Limited has a 12-month low of $81.65 and a 12-month high of $117.86.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The casino operator reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.76. The firm had revenue of $1.84 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was up 83.1% on a year-over-year basis. During the same quarter last year, the company posted ($1.23) EPS. Analysts predict that Wynn Resorts, Limited will post 5.27 earnings per share for the current year.

Wynn Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Tuesday, February 20th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Friday, February 16th. Wynn Resorts's dividend payout ratio is currently 16.72%.

Insider Activity at Wynn Resorts

In related news, CEO Craig Scott Billings sold 19,235 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $108.00, for a total transaction of $2,077,380.00. Following the transaction, the chief executive officer now owns 307,904 shares of the company's stock, valued at approximately $33,253,632. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Wynn Resorts news, EVP Ellen F. Whittemore sold 4,180 shares of the firm's stock in a transaction on 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 owns 74,144 shares of the company's stock, valued at approximately $7,062,957.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Craig Scott Billings sold 19,235 shares of Wynn Resorts stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $108.00, for a total transaction of $2,077,380.00. Following the sale, the chief executive officer now directly owns 307,904 shares in the company, valued at approximately $33,253,632. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,828 shares of company stock valued at $7,345,942. Insiders own 0.52% of the company's stock.

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.