Tower Research Capital LLC TRC Acquires 5,884 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Tower Research Capital LLC TRC increased its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 155.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,667 shares of the casino operator's stock after purchasing an additional 5,884 shares during the period. Tower Research Capital LLC TRC's holdings in Wynn Resorts were worth $833,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. New Wave Wealth Advisors LLC acquired a new position in Wynn Resorts in the fourth quarter valued at $26,000. Wilmington Savings Fund Society FSB purchased a new stake in Wynn Resorts during the third quarter worth approximately $31,000. SBI Securities Co. Ltd. acquired a new stake in Wynn Resorts in the 4th quarter valued at $36,000. Spire Wealth Management boosted its position in shares of Wynn Resorts by 116.4% in the fourth quarter. Spire Wealth Management now owns 435 shares of the casino operator's stock worth $37,000 after buying an additional 234 shares during the period. Finally, Canada Post Corp Registered Pension Plan acquired a new position in Wynn Resorts during the 4th quarter worth approximately $45,000. Institutional investors and hedge funds own 88.64% of the company's stock.

Insider Transactions at Wynn Resorts

In related news, Director Philip G. Satre purchased 22,200 shares of Wynn Resorts stock in a transaction dated Tuesday, February 18th. The stock was purchased 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 of the company's stock, valued at $3,152,095.10. The trade was a 185.08 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Tilman J. Fertitta acquired 5,025 shares of the stock in a transaction dated Friday, March 21st. The stock was acquired at an average price of $80.99 per share, for a total transaction of $406,974.75. Following the purchase, the insider now directly owns 10,905,025 shares in the company, valued at approximately $883,197,974.75. This trade represents a 0.05 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 438,700 shares of company stock worth $31,300,943. 0.52% of the stock is currently owned by insiders.

Wynn Resorts Stock Down 0.1 %

NASDAQ:WYNN traded down $0.04 during trading hours on Thursday, reaching $80.27. The company had a trading volume of 457,295 shares, compared to its average volume of 2,473,376. The business's 50-day simple moving average is $81.41 and its two-hundred day simple moving average is $86.65. The firm has a market cap of $8.52 billion, a price-to-earnings ratio of 19.10, a P/E/G ratio of 2.35 and a beta of 1.53. Wynn Resorts, Limited has a twelve month low of $65.25 and a twelve month high of $107.81.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The casino operator reported $2.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.27 by $1.15. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.78 billion. Wynn Resorts had a net margin of 7.03% and a negative return on equity of 71.17%. As a group, equities 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 of this dividend was Monday, February 24th. This represents a $1.00 annualized dividend and a dividend yield of 1.25%. Wynn Resorts's dividend payout ratio (DPR) is presently 23.75%.

Analyst Ratings Changes

WYNN has been the subject of several research analyst reports. Morgan Stanley dropped their target price on shares of Wynn Resorts from $105.00 to $103.00 and set an "overweight" rating for the company in a research report on Monday, February 24th. Stifel Nicolaus upped their price target on shares of Wynn Resorts from $123.00 to $128.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Mizuho boosted their price objective on Wynn Resorts from $118.00 to $132.00 and gave the stock an "outperform" rating in a research report on Friday, February 14th. Macquarie reaffirmed an "outperform" rating and set a $115.00 target price on shares of Wynn Resorts in a research note on Friday, February 14th. Finally, Argus cut shares of Wynn Resorts from a "buy" rating to a "hold" rating in a research note on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $118.17.

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.