Northern Trust Corp Has $70.80 Million Holdings in Wynn Resorts, Limited (NASDAQ:WYNN)

Northern Trust Corp lifted its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 6.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 821,684 shares of the casino operator's stock after purchasing an additional 50,428 shares during the quarter. Northern Trust Corp owned about 0.75% of Wynn Resorts worth $70,796,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in WYNN. Norges Bank acquired a new stake in Wynn Resorts in the 4th quarter valued at about $117,352,000. Raymond James Financial Inc. acquired a new stake in Wynn Resorts in the 4th quarter valued at about $75,872,000. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Wynn Resorts by 18.4% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,125,668 shares of the casino operator's stock valued at $269,308,000 after purchasing an additional 485,204 shares in the last quarter. Long Pond Capital LP lifted its holdings in Wynn Resorts by 89.5% in the 4th quarter. Long Pond Capital LP now owns 761,897 shares of the casino operator's stock valued at $65,645,000 after purchasing an additional 359,793 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Wynn Resorts by 16.4% in the 4th quarter. Renaissance Technologies LLC now owns 1,616,756 shares of the casino operator's stock valued at $139,300,000 after purchasing an additional 228,000 shares in the last quarter. 88.64% of the stock is owned by institutional investors and hedge funds.

Wynn Resorts Stock Performance

Shares of WYNN traded up $1.34 during midday trading on Friday, hitting $87.93. 3,216,434 shares of the stock traded hands, compared to its average volume of 2,494,415. Wynn Resorts, Limited has a 1-year low of $65.25 and a 1-year high of $107.81. The firm has a market capitalization of $9.34 billion, a PE ratio of 20.89, a price-to-earnings-growth ratio of 2.35 and a beta of 1.33. The business's 50 day moving average price is $80.65 and its two-hundred day moving average price is $85.71.

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 firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period last year, the firm posted $1.59 EPS. The business's revenue was down 8.7% compared to the same quarter last year. As a group, equities research analysts forecast that Wynn Resorts, Limited will post 5.17 EPS for the current fiscal year.

Wynn Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Friday, May 16th. Wynn Resorts's payout ratio is currently 27.78%.

Insider Buying and Selling

In other Wynn Resorts news, Director Philip G. Satre purchased 22,200 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were purchased at an average cost of $92.18 per share, for a total transaction of $2,046,396.00. Following the completion of the transaction, the director now owns 34,195 shares in the company, valued at $3,152,095.10. The trade was a 185.08% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Tilman J. Fertitta purchased 300,000 shares of the company's stock in a transaction on Friday, April 4th. The stock was acquired at an average price of $70.37 per share, for a total transaction of $21,111,000.00. Following the completion of the transaction, the insider now owns 12,900,000 shares of the company's stock, valued at $907,773,000. This represents a 2.38% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 438,700 shares of company stock valued at $31,300,943 over the last 90 days. 0.52% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on WYNN shares. Citigroup upgraded shares of Wynn Resorts from a "neutral" rating to a "buy" rating in a report on Wednesday. Macquarie reaffirmed an "outperform" rating and issued a $115.00 price objective on shares of Wynn Resorts in a research report on Friday, February 14th. Barclays decreased their price target on shares of Wynn Resorts from $116.00 to $99.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Argus downgraded shares of Wynn Resorts from a "buy" rating to a "hold" rating in a research report on Wednesday, April 23rd. Finally, StockNews.com downgraded shares of Wynn Resorts from a "buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Wynn Resorts has an average rating of "Moderate Buy" and a consensus price target of $112.92.

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.