Boothbay Fund Management LLC Has $2.41 Million Position in Wynn Resorts, Limited (NASDAQ:WYNN)

Boothbay Fund Management LLC increased its position in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 67.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 27,973 shares of the casino operator's stock after purchasing an additional 11,238 shares during the period. Boothbay Fund Management LLC's holdings in Wynn Resorts were worth $2,410,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WYNN. Fifth Third Bancorp lifted its stake in Wynn Resorts by 5.8% in the 4th quarter. Fifth Third Bancorp now owns 2,183 shares of the casino operator's stock worth $188,000 after acquiring an additional 119 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of Wynn Resorts by 15.0% in the fourth quarter. Venturi Wealth Management LLC now owns 936 shares of the casino operator's stock worth $81,000 after purchasing an additional 122 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Wynn Resorts by 0.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 31,119 shares of the casino operator's stock worth $2,681,000 after purchasing an additional 142 shares during the period. Metis Global Partners LLC grew its position in Wynn Resorts by 5.0% during the fourth quarter. Metis Global Partners LLC now owns 3,197 shares of the casino operator's stock valued at $275,000 after purchasing an additional 152 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Wynn Resorts by 1.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,798 shares of the casino operator's stock valued at $844,000 after buying an additional 176 shares during the period. 88.64% of the stock is currently owned by hedge funds and other institutional investors.

Wynn Resorts Stock Performance

Shares of NASDAQ:WYNN traded up $2.45 on Friday, hitting $82.49. 1,596,999 shares of the company were exchanged, compared to its average volume of 2,477,356. The company's 50 day moving average price is $81.21 and its two-hundred day moving average price is $86.48. Wynn Resorts, Limited has a one year low of $65.25 and a one year high of $107.81. The firm has a market capitalization of $8.76 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 2.35 and a beta of 1.53.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The casino operator reported $2.42 EPS for the quarter, beating 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 firm had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.78 billion. Research analysts predict that Wynn Resorts, Limited will post 5.17 earnings per share for the current year.

Wynn Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, February 24th. This represents a $1.00 dividend on an annualized basis and a yield of 1.21%. Wynn Resorts's dividend payout ratio is currently 23.75%.

Insider Buying and Selling at Wynn Resorts

In related news, major shareholder Tilman J. Fertitta acquired 5,025 shares of the firm's stock in a transaction on Friday, March 21st. The shares were bought at an average cost of $80.99 per share, with a total value of $406,974.75. Following the completion of the acquisition, the insider now owns 10,905,025 shares of the company's stock, valued at $883,197,974.75. This trade represents a 0.05 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Philip G. Satre bought 22,200 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was bought at an average cost of $92.18 per share, with a total value of $2,046,396.00. Following the completion of the acquisition, the director now owns 34,195 shares in the company, valued at $3,152,095.10. This represents a 185.08 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 438,700 shares of company stock valued at $31,300,943 in the last 90 days. 0.52% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on WYNN. Barclays reduced their price objective on 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 cut shares of Wynn Resorts from a "buy" rating to a "hold" rating in a research note on Wednesday, April 23rd. Stifel Nicolaus increased their price target on shares of Wynn Resorts from $123.00 to $128.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Mizuho upped their price objective on shares of Wynn Resorts from $118.00 to $132.00 and gave the stock an "outperform" rating in a report on Friday, February 14th. Finally, Morgan Stanley cut their target price on Wynn Resorts from $105.00 to $103.00 and set an "overweight" rating on the stock in a report on Monday, February 24th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average 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.