Oxford Asset Management LLP Buys Shares of 8,611 Wynn Resorts, Limited (NASDAQ:WYNN)

Oxford Asset Management LLP purchased a new stake in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 8,611 shares of the casino operator's stock, valued at approximately $742,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp raised its holdings in Wynn Resorts by 5.8% in the 4th quarter. Fifth Third Bancorp now owns 2,183 shares of the casino operator's stock valued at $188,000 after acquiring an additional 119 shares during the period. Venturi Wealth Management LLC increased its stake in Wynn Resorts by 15.0% in the fourth quarter. Venturi Wealth Management LLC now owns 936 shares of the casino operator's stock valued at $81,000 after acquiring an additional 122 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Wynn Resorts by 0.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 31,119 shares of the casino operator's stock valued at $2,681,000 after acquiring an additional 142 shares during the last quarter. Metis Global Partners LLC increased its stake in Wynn Resorts by 5.0% in the fourth quarter. Metis Global Partners LLC now owns 3,197 shares of the casino operator's stock valued at $275,000 after acquiring an additional 152 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Wynn Resorts by 1.8% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,798 shares of the casino operator's stock valued at $844,000 after acquiring an additional 176 shares during the last quarter. Institutional investors and hedge funds own 88.64% of the company's stock.

Insider Activity

In related news, major shareholder Tilman J. Fertitta purchased 5,025 shares of Wynn Resorts stock in a transaction on Friday, March 21st. The shares were bought at an average cost of $80.99 per share, for a total transaction of $406,974.75. Following the acquisition, the insider now owns 10,905,025 shares in the company, valued at approximately $883,197,974.75. The trade was a 0.05 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Philip G. Satre acquired 22,200 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was acquired at an average cost of $92.18 per share, with a total value of $2,046,396.00. Following the completion of the purchase, the director now directly owns 34,195 shares in the company, valued at approximately $3,152,095.10. This represents a 185.08 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 438,700 shares of company stock worth $31,300,943 in the last three months. Company insiders own 0.52% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on WYNN shares. Stifel Nicolaus raised their target price on shares of Wynn Resorts from $123.00 to $128.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Argus lowered shares of Wynn Resorts from a "buy" rating to a "hold" rating in a report on Wednesday, April 23rd. Jefferies Financial Group upgraded shares of Wynn Resorts from a "hold" rating to a "buy" rating and boosted their target price for the company from $105.00 to $118.00 in a report on Tuesday, February 18th. StockNews.com lowered shares of Wynn Resorts from a "buy" rating to a "hold" rating in a report on Wednesday, March 12th. Finally, Macquarie restated an "outperform" rating and issued a $115.00 target price on shares of Wynn Resorts in a research note on Friday, February 14th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $118.17.

Wynn Resorts Trading Down 0.3 %

Wynn Resorts stock traded down $0.22 on Thursday, hitting $80.09. 722,110 shares of the stock traded hands, compared to its average volume of 2,474,559. The firm has a market cap of $8.50 billion, a P/E ratio of 19.04, a price-to-earnings-growth ratio of 2.35 and a beta of 1.53. The business's fifty day simple moving average is $81.41 and its 200 day simple moving average is $86.65. Wynn Resorts, Limited has a 1 year low of $65.25 and a 1 year high of $107.81.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The casino operator reported $2.42 EPS for the quarter, topping the consensus estimate of $1.27 by $1.15. Wynn Resorts had a negative return on equity of 71.17% and a net margin of 7.03%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.78 billion. As a group, analysts predict that Wynn Resorts, Limited will post 5.17 earnings per share for the current year.

Wynn Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were given a dividend of $0.25 per share. The ex-dividend date was Monday, February 24th. This represents a $1.00 annualized dividend and a dividend yield of 1.25%. Wynn Resorts's payout ratio is 23.75%.

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.