Wynn Resorts, Limited (NASDAQ:WYNN) Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. boosted its holdings in Wynn Resorts, Limited (NASDAQ:WYNN) by 43.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 292,822 shares of the casino operator’s stock after buying an additional 88,880 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Wynn Resorts were worth $25,230,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP raised its holdings in Wynn Resorts by 90.6% during the third quarter. Wellington Management Group LLP now owns 115,707 shares of the casino operator’s stock worth $11,094,000 after purchasing an additional 54,995 shares in the last quarter. MML Investors Services LLC raised its stake in Wynn Resorts by 135.7% during the 3rd quarter. MML Investors Services LLC now owns 17,000 shares of the casino operator’s stock worth $1,630,000 after acquiring an additional 9,788 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in Wynn Resorts by 15.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 30,977 shares of the casino operator’s stock valued at $2,970,000 after acquiring an additional 4,212 shares during the last quarter. M&T Bank Corp boosted its stake in Wynn Resorts by 8.7% in the third quarter. M&T Bank Corp now owns 4,358 shares of the casino operator’s stock valued at $418,000 after acquiring an additional 348 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings 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 worth $229,945,000 after purchasing an additional 34,907 shares during the last quarter. 88.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Wynn Resorts

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

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Macquarie reissued an “outperform” rating and issued a $115.00 target price on shares of Wynn Resorts in a research report on Friday, February 14th. Morgan Stanley decreased 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. StockNews.com cut shares of Wynn Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, March 12th. Jefferies Financial Group raised shares of Wynn Resorts from a “hold” rating to a “buy” rating and raised their price objective for the stock from $105.00 to $118.00 in a research report on Tuesday, February 18th. Finally, Mizuho upped their target price on shares of Wynn Resorts from $118.00 to $132.00 and gave the company an “outperform” rating in a report on Friday, February 14th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Wynn Resorts currently has an average rating of “Moderate Buy” and an average price target of $119.58.

Wynn Resorts Trading Up 1.2 %

NASDAQ WYNN opened at $73.19 on Monday. The stock has a market capitalization of $7.77 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 2.35 and a beta of 1.53. The business’s 50 day moving average is $83.27 and its two-hundred day moving average is $88.66. Wynn Resorts, Limited has a 12-month low of $65.25 and a 12-month high of $107.81.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings data on Thursday, February 13th. The casino operator reported $2.42 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.78 billion. Equities analysts forecast that Wynn Resorts, Limited will post 5.17 earnings per share for the current fiscal year.

Wynn Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Monday, February 24th. Wynn Resorts’s dividend payout ratio is currently 23.75%.

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.