Fox Run Management L.L.C. Takes Position in Wynn Resorts, Limited (NASDAQ:WYNN)

Fox Run Management L.L.C. acquired a new stake in Wynn Resorts, Limited (NASDAQ:WYNN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 13,459 shares of the casino operator’s stock, valued at approximately $1,160,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WYNN. Thrivent Financial for Lutherans boosted its stake in Wynn Resorts by 49.2% in the third quarter. Thrivent Financial for Lutherans now owns 11,683 shares of the casino operator’s stock valued at $1,120,000 after acquiring an additional 3,850 shares during the last quarter. Prospera Financial Services Inc boosted its stake in Wynn Resorts by 4.1% in the third quarter. Prospera Financial Services Inc now owns 4,616 shares of the casino operator’s stock valued at $443,000 after acquiring an additional 181 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Wynn Resorts in the third quarter valued at approximately $202,000. Cerity Partners LLC boosted its stake in Wynn Resorts by 7.0% in the third quarter. Cerity Partners LLC now owns 53,711 shares of the casino operator’s stock valued at $5,150,000 after acquiring an additional 3,521 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in Wynn Resorts by 13.3% in the third quarter. Daiwa Securities Group Inc. now owns 12,058 shares of the casino operator’s stock valued at $1,156,000 after acquiring an additional 1,416 shares during the last quarter. 88.64% of the stock is owned by institutional investors.

Wynn Resorts Stock Down 0.5 %

Shares of NASDAQ:WYNN opened at $82.63 on Friday. Wynn Resorts, Limited has a 12 month low of $71.63 and a 12 month high of $110.38. The company’s fifty day simple moving average is $85.71 and its 200 day simple moving average is $88.92. The firm has a market cap of $8.79 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 2.35 and a beta of 1.76.

Wynn Resorts (NASDAQ:WYNN) last issued 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. 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 analyst estimates of $1.78 billion. Research analysts expect that Wynn Resorts, Limited will post 5.17 earnings per share for the current fiscal 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 $0.25 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.00 annualized dividend and a yield of 1.21%. Wynn Resorts’s payout ratio is currently 23.75%.

Insider Buying and Selling at Wynn Resorts

In other Wynn Resorts news, Director Philip G. Satre purchased 22,200 shares of the stock in a transaction on Tuesday, February 18th. The shares were purchased at an average cost of $92.18 per share, for a total transaction of $2,046,396.00. Following the purchase, the director now owns 34,195 shares of the company’s stock, valued at approximately $3,152,095.10. This represents a 185.08 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.52% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on WYNN. Stifel Nicolaus raised their price objective on shares of Wynn Resorts from $123.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Macquarie reiterated an “outperform” rating and issued a $115.00 target price on shares of Wynn Resorts in a report on Friday, February 14th. Barclays increased their target price on shares of Wynn Resorts from $115.00 to $116.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Mizuho increased their target price 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 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. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $119.58.

About Wynn Resorts

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.