Susquehanna Fundamental Investments LLC purchased a new stake in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 26,653 shares of the casino operator's stock, valued at approximately $2,296,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Nebula Research & Development LLC raised its holdings in Wynn Resorts by 130.4% in the fourth quarter. Nebula Research & Development LLC now owns 28,785 shares of the casino operator's stock valued at $2,480,000 after acquiring an additional 16,289 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in shares of Wynn Resorts by 56.3% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 6,744 shares of the casino operator's stock valued at $582,000 after purchasing an additional 2,429 shares in the last quarter. Orvieto Partners L.P. acquired a new stake in shares of Wynn Resorts in the 4th quarter valued at $4,308,000. RBF Capital LLC purchased a new stake in shares of Wynn Resorts during the 4th quarter worth $862,000. Finally, Long Focus Capital Management LLC grew its stake in shares of Wynn Resorts by 3.8% during the fourth quarter. Long Focus Capital Management LLC now owns 163,000 shares of the casino operator's stock worth $14,044,000 after purchasing an additional 6,000 shares in the last quarter. Hedge funds and other institutional investors own 88.64% of the company's stock.
Insiders Place Their Bets
In other news, Director Philip G. Satre purchased 22,200 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were acquired at an average cost of $92.18 per share, for a total transaction of $2,046,396.00. Following the completion of the purchase, the director now directly owns 34,195 shares in the company, valued at $3,152,095.10. The trade was a 185.08 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Tilman J. Fertitta acquired 11,475 shares of Wynn Resorts stock in a transaction that occurred on Monday, March 24th. The stock was purchased at an average price of $84.93 per share, with a total value of $974,571.75. Following the transaction, the insider now owns 12,600,000 shares of the company's stock, valued at $1,070,118,000. This trade represents a 0.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 438,700 shares of company stock worth $31,300,943. 0.52% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of research firms have weighed in on WYNN. Jefferies Financial Group upgraded Wynn Resorts from a "hold" rating to a "buy" rating and raised their price target for the company from $105.00 to $118.00 in a research note on Tuesday, February 18th. Argus lowered Wynn Resorts from a "buy" rating to a "hold" rating in a research report on Wednesday, April 23rd. Macquarie reaffirmed an "outperform" rating and issued a $115.00 price target on shares of Wynn Resorts in a report on Friday, February 14th. Morgan Stanley cut their price objective on shares of Wynn Resorts from $105.00 to $103.00 and set an "overweight" rating on the stock in a report on Monday, February 24th. Finally, StockNews.com cut shares of Wynn Resorts from a "buy" rating to a "hold" rating in a report on Wednesday, March 12th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Wynn Resorts presently has a consensus rating of "Moderate Buy" and a consensus target price of $118.17.
View Our Latest Stock Analysis on WYNN
Wynn Resorts Stock Down 0.8 %
NASDAQ WYNN opened at $81.55 on Wednesday. The firm has a market cap of $8.66 billion, a P/E ratio of 19.37, a P/E/G ratio of 2.35 and a beta of 1.53. Wynn Resorts, Limited has a 52-week low of $65.25 and a 52-week high of $107.81. The business's 50-day moving average price is $81.62 and its 200 day moving average price is $86.69.
Wynn Resorts (NASDAQ:WYNN - Get Free Report) last announced its earnings results on Thursday, February 13th. The casino operator reported $2.42 earnings per share for the quarter, beating the consensus estimate of $1.27 by $1.15. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.78 billion. Wynn Resorts had a negative return on equity of 71.17% and a net margin of 7.03%. As a group, analysts anticipate that Wynn Resorts, Limited will post 5.17 earnings per share for the current year.
Wynn Resorts Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were paid a $0.25 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.00 annualized dividend and a yield of 1.23%. Wynn Resorts's dividend payout ratio is currently 23.75%.
Wynn Resorts Profile
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Free Report)
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.
See Also
Want to see what other hedge funds are holding WYNN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wynn Resorts, Limited (NASDAQ:WYNN - Free Report).
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