13,500 Shares in Wynn Resorts, Limited (NASDAQ:WYNN) Acquired by Waycross Partners LLC

Waycross Partners LLC acquired a new position in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 13,500 shares of the casino operator's stock, valued at approximately $1,230,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its position in Wynn Resorts by 0.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 27,904 shares of the casino operator's stock worth $2,542,000 after buying an additional 109 shares in the last quarter. Federated Hermes Inc. lifted its position in Wynn Resorts by 47.5% in the 4th quarter. Federated Hermes Inc. now owns 435 shares of the casino operator's stock worth $40,000 after buying an additional 140 shares in the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC lifted its position in Wynn Resorts by 4.3% in the 3rd quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 3,630 shares of the casino operator's stock worth $323,000 after buying an additional 150 shares in the last quarter. Mystic Asset Management Inc. lifted its position in Wynn Resorts by 1.6% in the 3rd quarter. Mystic Asset Management Inc. now owns 11,131 shares of the casino operator's stock worth $1,029,000 after buying an additional 175 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its position in Wynn Resorts by 2.6% in the 3rd quarter. Teacher Retirement System of Texas now owns 7,934 shares of the casino operator's stock worth $733,000 after buying an additional 198 shares in the last quarter. Institutional investors and hedge funds own 68.87% of the company's stock.

Insider Transactions at Wynn Resorts

In other Wynn Resorts news, CEO Craig Scott Billings sold 19,235 shares of the stock in a transaction that occurred 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 directly owns 307,904 shares in the company, valued at $33,253,632. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Patricia Mulroy sold 960 shares of the firm's stock in a transaction on Friday, February 9th. The stock was sold at an average price of $105.17, for a total value of $100,963.20. Following the completion of the sale, the director now owns 522 shares of the company's stock, valued at $54,898.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Craig Scott Billings sold 19,235 shares of the firm's stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $108.00, for a total value of $2,077,380.00. Following the transaction, the chief executive officer now directly owns 307,904 shares of the company's stock, valued at approximately $33,253,632. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,578 shares of company stock valued at $2,850,282. 0.52% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Wynn Resorts from $107.00 to $114.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 9th. Barclays upped their target price on shares of Wynn Resorts from $123.00 to $124.00 and gave the company an "overweight" rating in a research note on Friday, April 19th. Mizuho assumed coverage on shares of Wynn Resorts in a research note on Thursday, April 4th. They set a "buy" rating and a $131.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective on shares of Wynn Resorts from $118.00 to $123.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 27th. Finally, Wells Fargo & Company upped their target price 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. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Wynn Resorts has a consensus rating of "Moderate Buy" and an average target price of $121.43.

Wynn Resorts Stock Down 5.5 %

WYNN stock traded down $5.33 during midday trading on Tuesday, reaching $91.65. 2,750,499 shares of the company's stock traded hands, compared to its average volume of 1,782,483. The company has a market cap of $10.27 billion, a price-to-earnings ratio of 15.33 and a beta of 1.93. The firm's fifty day moving average price is $101.32 and its 200-day moving average price is $95.12. Wynn Resorts, Limited has a 52 week low of $81.65 and a 52 week high of $117.86.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last posted its earnings results on Wednesday, February 7th. The casino operator reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.76. The firm had revenue of $1.84 billion during 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.23) EPS. Analysts forecast that Wynn Resorts, Limited will post 5.37 earnings per share for the current year.

Wynn Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Tuesday, February 20th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend was Friday, February 16th. Wynn Resorts's payout ratio is 16.72%.

Wynn Resorts Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.