Wynn Resorts, Limited (NASDAQ:WYNN) Shares Sold by Sciencast Management LP

Sciencast Management LP cut its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 51.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 11,091 shares of the casino operator’s stock after selling 11,551 shares during the period. Sciencast Management LP’s holdings in Wynn Resorts were worth $956,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Fisher Asset Management LLC lifted its position in Wynn Resorts by 70.7% during the 3rd quarter. Fisher Asset Management LLC now owns 3,971,846 shares of the casino operator’s stock worth $380,821,000 after acquiring an additional 1,644,965 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Wynn Resorts by 1.5% in the 3rd 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 in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Wynn Resorts by 0.5% in 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 in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Wynn Resorts in the 4th quarter valued at approximately $75,872,000. Finally, Holocene Advisors LP raised its position in shares of Wynn Resorts by 27,868.5% in the 3rd quarter. Holocene Advisors LP now owns 757,946 shares of the casino operator’s stock valued at $72,672,000 after purchasing an additional 755,236 shares in the last quarter. 88.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WYNN. Mizuho upped their target price on Wynn Resorts from $118.00 to $132.00 and gave the company an “outperform” rating in a research report on Friday, February 14th. Jefferies Financial Group raised Wynn Resorts from a “hold” rating to a “buy” rating and upped their target price for the company from $105.00 to $118.00 in a research report on Tuesday, February 18th. StockNews.com lowered Wynn Resorts from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Morgan Stanley cut their target price on Wynn Resorts from $105.00 to $103.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. Finally, Macquarie reiterated an “outperform” rating and issued a $115.00 price target on shares of Wynn Resorts in a report on Friday, February 14th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Wynn Resorts currently has an average rating of “Moderate Buy” and an average target price of $119.58.

Insiders Place Their Bets

In other news, Director Philip G. Satre purchased 22,200 shares of the stock in a transaction dated 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 transaction, the director now owns 34,195 shares in the company, valued at $3,152,095.10. This trade represents a 185.08 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.52% of the stock is owned by insiders.

Wynn Resorts Trading Down 0.5 %

Shares of NASDAQ:WYNN opened at $82.63 on Friday. The firm’s 50 day moving average is $85.71 and its two-hundred day moving average is $88.92. The firm has a market capitalization of $8.79 billion, a P/E ratio of 19.63, a PEG ratio of 2.35 and a beta of 1.76. Wynn Resorts, Limited has a 52 week low of $71.63 and a 52 week high of $110.38.

Wynn Resorts (NASDAQ:WYNN) last announced its earnings results on Thursday, February 13th. The casino operator reported $2.42 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $1.78 billion. Analysts predict that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, February 24th. This represents a $1.00 annualized dividend and a yield of 1.21%. Wynn Resorts’s payout ratio is 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.