WINTON GROUP Ltd Grows Holdings in Wynn Resorts, Limited (NASDAQ:WYNN)

WINTON GROUP Ltd increased its holdings in Wynn Resorts, Limited (NASDAQ:WYNN) by 1,887.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,374 shares of the casino operator’s stock after purchasing an additional 75,381 shares during the period. WINTON GROUP Ltd’s holdings in Wynn Resorts were worth $6,839,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of WYNN. Geode Capital Management LLC raised its stake in shares of Wynn Resorts by 1.5% during the third quarter. Geode Capital Management LLC now owns 2,406,260 shares of the casino operator’s stock valued at $229,945,000 after purchasing an additional 34,907 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Wynn Resorts by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 952,442 shares of the casino operator’s stock valued at $82,062,000 after purchasing an additional 5,032 shares during the period. Raymond James Financial Inc. bought a new position in shares of Wynn Resorts in the fourth quarter worth $75,872,000. Holocene Advisors LP increased its stake in shares of Wynn Resorts by 27,868.5% during the third quarter. Holocene Advisors LP now owns 757,946 shares of the casino operator’s stock valued at $72,672,000 after acquiring an additional 755,236 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Wynn Resorts by 23.5% during the fourth quarter. Bank of New York Mellon Corp now owns 685,512 shares of the casino operator’s stock valued at $59,064,000 after buying an additional 130,349 shares in the last quarter. 88.64% of the stock is currently owned by hedge funds and other institutional investors.

Wynn Resorts Stock Performance

NASDAQ WYNN opened at $85.83 on Thursday. The firm has a 50-day moving average of $85.93 and a 200-day moving average of $89.10. The stock has a market cap of $9.11 billion, a PE ratio of 20.39, a P/E/G ratio of 2.35 and a beta of 1.77. Wynn Resorts, Limited has a 52-week low of $71.63 and a 52-week high of $110.38.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings data on Thursday, February 13th. The casino operator reported $2.42 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $1.15. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates 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 predict that Wynn Resorts, Limited will post 5.17 EPS for the current fiscal year.

Wynn Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were given a $0.25 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.00 annualized dividend and a yield of 1.17%. Wynn Resorts’s dividend payout ratio is presently 23.75%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WYNN. Barclays upped their target price on Wynn Resorts from $115.00 to $116.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Mizuho lifted their price objective on Wynn Resorts from $118.00 to $132.00 and gave the company an “outperform” rating in a research report on Friday, February 14th. 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. StockNews.com lowered Wynn Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, March 12th. Finally, Macquarie restated an “outperform” rating and set a $115.00 price target on shares of Wynn Resorts in a report on Friday, February 14th. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Wynn Resorts presently has a consensus rating of “Moderate Buy” and an average price target of $119.58.

Insider Buying and Selling

In other Wynn Resorts news, major shareholder Tilman J. Fertitta acquired 11,475 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were bought at an average cost of $84.93 per share, with a total value of $974,571.75. Following the purchase, the insider now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Philip G. Satre bought 22,200 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were bought 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 owns 34,195 shares of the company’s stock, valued at $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 acquired a total of 38,700 shares of company stock worth $3,427,943 in the last ninety days. Company insiders own 0.52% of the company’s stock.

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.