Wynn Resorts, Limited (NASDAQ:WYNN) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its holdings in Wynn Resorts, Limited (NASDAQ:WYNN) by 4,067.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,668 shares of the casino operator’s stock after purchasing an additional 7,484 shares during the period. International Assets Investment Management LLC’s holdings in Wynn Resorts were worth $699,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Nordea Investment Management AB grew its holdings in shares of Wynn Resorts by 130.9% in the fourth quarter. Nordea Investment Management AB now owns 143,480 shares of the casino operator’s stock valued at $13,101,000 after purchasing an additional 81,338 shares in the last quarter. Synergy Asset Management LLC acquired a new position in shares of Wynn Resorts in the fourth quarter valued at approximately $1,150,000. Keybank National Association OH grew its holdings in shares of Wynn Resorts by 8.1% in the third quarter. Keybank National Association OH now owns 249,716 shares of the casino operator’s stock valued at $23,076,000 after purchasing an additional 18,802 shares in the last quarter. Kestra Advisory Services LLC grew its holdings in shares of Wynn Resorts by 11.4% in the third quarter. Kestra Advisory Services LLC now owns 6,202 shares of the casino operator’s stock valued at $573,000 after purchasing an additional 633 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Wynn Resorts in the fourth quarter valued at approximately $10,228,000. Institutional investors and hedge funds own 68.87% of the company’s stock.

Wynn Resorts Trading Down 1.8 %

Shares of NASDAQ:WYNN opened at $97.06 on Thursday. The company has a market capitalization of $10.88 billion, a PE ratio of 16.23 and a beta of 1.93. Wynn Resorts, Limited has a twelve month low of $81.65 and a twelve month high of $117.86. The firm has a 50 day simple moving average of $101.85 and a 200-day simple moving average of $95.05.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings results on Wednesday, February 7th. The casino operator reported $1.91 EPS for the quarter, beating the consensus estimate of $1.15 by $0.76. Wynn Resorts had a net margin of 11.18% and a negative return on equity of 31.17%. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the prior year, the firm earned ($1.23) EPS. Wynn Resorts’s revenue for the quarter was up 83.1% on a year-over-year basis. As a group, equities research analysts predict that Wynn Resorts, Limited will post 5.37 EPS for the current fiscal year.

Wynn Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Tuesday, February 20th were given a $0.25 dividend. The ex-dividend date was Friday, February 16th. This represents a $1.00 annualized dividend and a yield of 1.03%. Wynn Resorts’s dividend payout ratio (DPR) is 16.72%.

Analysts Set New Price Targets

WYNN has been the subject of a number of research reports. UBS Group dropped their price objective on shares of Wynn Resorts from $117.00 to $108.00 and set a “neutral” rating for the company in a report on Tuesday, February 6th. StockNews.com upgraded shares of Wynn Resorts from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. JPMorgan Chase & Co. lifted their price target on shares of Wynn Resorts from $118.00 to $123.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. Susquehanna lifted their price target on shares of Wynn Resorts from $105.00 to $115.00 and gave the stock a “positive” rating in a research note on Thursday, February 8th. Finally, Barclays lifted their price target on shares of Wynn Resorts from $123.00 to $124.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Wynn Resorts has an average rating of “Moderate Buy” and a consensus price target of $121.43.

Insider Activity at Wynn Resorts

In related news, Director Patricia Mulroy sold 960 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $105.17, for a total value of $100,963.20. Following the completion of the sale, the director now owns 522 shares in the company, valued at approximately $54,898.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Patricia Mulroy sold 960 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $105.17, for a total value of $100,963.20. Following the completion of the sale, the director now owns 522 shares in the company, valued at approximately $54,898.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Julie Cameron-Doe sold 6,383 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $105.27, for a total transaction of $671,938.41. Following the completion of the sale, the chief financial officer now owns 78,150 shares of the company’s stock, valued at approximately $8,226,850.50. The disclosure for this sale can be found here. Insiders sold a total of 26,578 shares of company stock worth $2,850,282 in the last 90 days. 0.52% of the stock is owned by insiders.

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.