Duality Advisers LP Purchases Shares of 13,104 Wynn Resorts, Limited (NASDAQ:WYNN)

Duality Advisers LP 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 13,104 shares of the casino operator's stock, valued at approximately $1,194,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AE Wealth Management LLC boosted its holdings in Wynn Resorts by 17.7% in the third quarter. AE Wealth Management LLC now owns 4,025 shares of the casino operator's stock valued at $372,000 after acquiring an additional 606 shares during the last quarter. DnB Asset Management AS boosted its holdings in Wynn Resorts by 62.7% in the third quarter. DnB Asset Management AS now owns 23,116 shares of the casino operator's stock valued at $2,136,000 after acquiring an additional 8,908 shares during the last quarter. Czech National Bank boosted its holdings in Wynn Resorts by 38.1% in the third quarter. Czech National Bank now owns 16,927 shares of the casino operator's stock valued at $1,564,000 after acquiring an additional 4,669 shares during the last quarter. Alta Wealth Advisors LLC boosted its holdings in Wynn Resorts by 52.9% in the third quarter. Alta Wealth Advisors LLC now owns 6,620 shares of the casino operator's stock valued at $612,000 after acquiring an additional 2,289 shares during the last quarter. Finally, Townsend Asset Management Corp NC ADV boosted its holdings in Wynn Resorts by 1.2% in the third quarter. Townsend Asset Management Corp NC ADV now owns 40,814 shares of the casino operator's stock valued at $3,772,000 after acquiring an additional 481 shares during the last quarter. 68.87% of the stock is currently owned by institutional investors.

Wynn Resorts Stock Down 1.8 %

NASDAQ:WYNN traded down $1.76 during trading hours on Wednesday, hitting $97.06. 1,256,429 shares of the company traded hands, compared to its average volume of 1,788,577. The firm's 50-day simple moving average is $101.85 and its 200-day simple moving average is $95.05. Wynn Resorts, Limited has a one year low of $81.65 and a one year high of $117.86. The company has a market cap of $10.88 billion, a PE ratio of 16.23 and a beta of 1.93.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last issued 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 business had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $1.74 billion. Wynn Resorts had a negative return on equity of 31.17% and a net margin of 11.18%. The business's revenue was up 83.1% on a year-over-year basis. During the same period last year, the business earned ($1.23) EPS. As a group, equities research analysts expect that Wynn Resorts, Limited will post 5.37 EPS for the current year.

Wynn Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Tuesday, February 20th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Friday, February 16th. Wynn Resorts's payout ratio is 16.72%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Morgan Stanley raised their price objective on shares of Wynn Resorts from $107.00 to $114.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 9th. UBS Group reduced their price objective on shares of Wynn Resorts from $117.00 to $108.00 and set a "neutral" rating for the company in a research report on Tuesday, February 6th. Wells Fargo & Company raised their price objective on shares of Wynn Resorts from $122.00 to $124.00 and gave the stock an "overweight" rating in a research report on Thursday, February 8th. Mizuho assumed coverage on shares of Wynn Resorts in a research report on Thursday, April 4th. They set a "buy" rating and a $131.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their price objective on shares of Wynn Resorts from $118.00 to $123.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 27th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $121.43.

Insider Transactions at Wynn Resorts

In other news, CEO Craig Scott Billings sold 19,235 shares of Wynn Resorts stock in a transaction on Thursday, February 8th. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Craig Scott Billings sold 19,235 shares of Wynn Resorts stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $108.00, for a total value of $2,077,380.00. Following the completion of the sale, the chief executive officer now owns 307,904 shares of the company's stock, valued at approximately $33,253,632. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Julie Cameron-Doe sold 6,383 shares of Wynn Resorts stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $105.27, for a total value of $671,938.41. Following the completion of the sale, the chief financial officer now directly owns 78,150 shares of the company's stock, valued at approximately $8,226,850.50. The disclosure for this sale can be found here. Insiders have sold 26,578 shares of company stock worth $2,850,282 in the last ninety days. 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.