Wynn Resorts, Limited (NASDAQ:WYNN) Shares Bought by Paradigm Asset Management Co. LLC

Paradigm Asset Management Co. LLC raised its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 142.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,213 shares of the casino operator’s stock after acquiring an additional 1,300 shares during the quarter. Paradigm Asset Management Co. LLC’s holdings in Wynn Resorts were worth $191,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Fisher Asset Management LLC lifted its stake in Wynn Resorts by 70.7% in the 3rd quarter. Fisher Asset Management LLC now owns 3,971,846 shares of the casino operator’s stock valued at $380,821,000 after buying an additional 1,644,965 shares in the last quarter. Holocene Advisors LP raised its holdings 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 last quarter. Eagle Asset Management Inc. purchased a new position in shares of Wynn Resorts in the third quarter valued at approximately $58,486,000. Weiss Asset Management LP purchased a new position in shares of Wynn Resorts in the third quarter valued at approximately $19,753,000. Finally, Regal Partners Ltd boosted its stake in shares of Wynn Resorts by 24.0% in the third quarter. Regal Partners Ltd now owns 898,705 shares of the casino operator’s stock worth $86,168,000 after acquiring an additional 174,005 shares during the last quarter. Institutional investors and hedge funds own 88.64% of the company’s stock.

Analyst Ratings Changes

WYNN has been the topic of a number of research reports. Jefferies Financial Group upgraded Wynn Resorts from a “hold” rating to a “buy” rating and raised their price objective for the company from $105.00 to $118.00 in a report on Tuesday. Macquarie reissued an “outperform” rating and issued a $115.00 price target on shares of Wynn Resorts in a research note on Friday, February 14th. JPMorgan Chase & Co. upped their price objective on shares of Wynn Resorts from $101.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Wynn Resorts from $122.00 to $118.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, Stifel Nicolaus upped their price target on Wynn Resorts from $123.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Wynn Resorts currently has an average rating of “Buy” and a consensus price target of $120.58.

Wynn Resorts Stock Performance

Shares of Wynn Resorts stock opened at $90.76 on Friday. The stock has a 50 day moving average of $85.31 and a 200 day moving average of $87.26. The firm has a market capitalization of $9.66 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 2.35 and a beta of 1.76. Wynn Resorts, Limited has a fifty-two week low of $71.63 and a fifty-two week high of $110.38.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings results 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. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Wynn Resorts had a negative return on equity of 71.17% and a net margin of 7.03%. Analysts forecast that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Monday, February 24th. Wynn Resorts’s dividend payout ratio (DPR) is 23.75%.

Insider Transactions at Wynn Resorts

In other news, Director Philip G. Satre acquired 22,200 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were purchased at an average price of $92.18 per share, for a total transaction of $2,046,396.00. Following the acquisition, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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.