Nebula Research & Development LLC Acquires 16,289 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Nebula Research & Development LLC lifted its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 130.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,785 shares of the casino operator's stock after acquiring an additional 16,289 shares during the quarter. Nebula Research & Development LLC's holdings in Wynn Resorts were worth $2,480,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Banco Bilbao Vizcaya Argentaria S.A. raised its position in shares of Wynn Resorts by 56.3% during the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 6,744 shares of the casino operator's stock worth $582,000 after acquiring an additional 2,429 shares during the last quarter. Orvieto Partners L.P. bought a new stake in shares of Wynn Resorts during the fourth quarter worth $4,308,000. RBF Capital LLC bought a new stake in shares of Wynn Resorts during the fourth quarter worth $862,000. Long Focus Capital Management LLC raised its position 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 acquiring an additional 6,000 shares during the last quarter. Finally, Stifel Financial Corp raised its position in shares of Wynn Resorts by 341.0% during the fourth quarter. Stifel Financial Corp now owns 96,107 shares of the casino operator's stock worth $8,281,000 after acquiring an additional 74,316 shares during the last quarter. Institutional investors own 88.64% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WYNN. Jefferies Financial Group upgraded Wynn Resorts from a "hold" rating to a "buy" rating and upped their price objective for the company from $105.00 to $118.00 in a report on Tuesday, February 18th. Stifel Nicolaus upped their price objective on Wynn Resorts from $123.00 to $128.00 and gave the company a "buy" rating in a report on Friday, February 14th. Mizuho upped their price objective on Wynn Resorts from $118.00 to $132.00 and gave the company an "outperform" rating in a report on Friday, February 14th. Morgan Stanley dropped their price objective on Wynn Resorts from $105.00 to $103.00 and set an "overweight" rating for the company in a report on Monday, February 24th. Finally, Argus downgraded Wynn Resorts from a "buy" rating to a "hold" rating in a report on Wednesday, April 23rd. Three investment 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 company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $118.17.

Insider Activity at Wynn Resorts

In related news, Director Philip G. Satre bought 22,200 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were purchased at an average price of $92.18 per share, for a total transaction of $2,046,396.00. Following the completion of the transaction, the director now directly owns 34,195 shares of the company's stock, valued at approximately $3,152,095.10. This represents a 185.08 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Tilman J. Fertitta bought 100,000 shares of the firm's stock in a transaction on Monday, April 7th. The shares were bought at an average cost of $67.62 per share, for a total transaction of $6,762,000.00. Following the purchase, the insider now owns 13,000,000 shares of the company's stock, valued at approximately $879,060,000. The trade was a 0.78 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 438,700 shares of company stock worth $31,300,943. Corporate insiders own 0.52% of the company's stock.

Wynn Resorts Stock Down 1.9 %

Shares of WYNN traded down $1.59 during trading hours on Wednesday, hitting $79.96. The company had a trading volume of 665,307 shares, compared to its average volume of 2,477,387. The firm has a market cap of $8.49 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 2.35 and a beta of 1.53. The business has a fifty day moving average of $81.62 and a 200-day moving average of $86.69. Wynn Resorts, Limited has a 12 month low of $65.25 and a 12 month high of $107.81.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last released 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 net margin of 7.03% and a negative return on equity of 71.17%. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.78 billion. On average, equities analysts expect that Wynn Resorts, Limited will post 5.17 EPS for the current fiscal year.

Wynn Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were paid a $0.25 dividend. 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%.

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.