6,189 Shares in Wynn Resorts, Limited (NASDAQ:WYNN) Purchased by Blueshift Asset Management LLC

Blueshift Asset Management LLC purchased a new position in Wynn Resorts, Limited (NASDAQ:WYNN) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 6,189 shares of the casino operator’s stock, valued at approximately $533,000.

Several other institutional investors have also modified their holdings of WYNN. Fisher Asset Management LLC lifted its stake in shares of Wynn Resorts by 70.7% in the third 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. Raymond James Financial Inc. bought a new stake in Wynn Resorts in the fourth quarter valued at about $75,872,000. Holocene Advisors LP increased its holdings in Wynn Resorts by 27,868.5% in the third quarter. Holocene Advisors LP now owns 757,946 shares of the casino operator’s stock valued at $72,672,000 after buying an additional 755,236 shares during the last quarter. Eagle Asset Management Inc. bought a new stake in Wynn Resorts in the third quarter valued at about $58,486,000. Finally, Weiss Asset Management LP bought a new stake in Wynn Resorts in the third quarter valued at about $19,753,000. Institutional investors and hedge funds own 88.64% of the company’s stock.

Insiders Place Their Bets

In related news, Director Philip G. Satre acquired 22,200 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was bought at an average price of $92.18 per share, for a total transaction of $2,046,396.00. Following the transaction, the director now owns 34,195 shares of the company’s stock, valued at approximately $3,152,095.10. The trade was a 185.08 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.52% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Jefferies Financial Group raised Wynn Resorts from a “hold” rating to a “buy” rating and boosted their price objective for the company from $105.00 to $118.00 in a report on Tuesday, February 18th. Stifel Nicolaus boosted their price objective on Wynn Resorts from $123.00 to $128.00 and gave the company a “buy” rating in a report on Friday, February 14th. Morgan Stanley lowered their target price on Wynn Resorts from $105.00 to $103.00 and set an “overweight” rating for the company in a report on Monday, February 24th. Macquarie reaffirmed an “outperform” rating and set a $115.00 target price on shares of Wynn Resorts in a report on Friday, February 14th. Finally, Barclays upped their target price on Wynn Resorts from $115.00 to $116.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Wynn Resorts currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.58.

Wynn Resorts Price Performance

Shares of WYNN stock opened at $83.07 on Friday. The firm has a market capitalization of $8.84 billion, a price-to-earnings ratio of 19.73, a price-to-earnings-growth ratio of 2.35 and a beta of 1.76. Wynn Resorts, Limited has a 12-month low of $71.63 and a 12-month high of $110.38. The business has a 50 day simple moving average of $85.68 and a 200 day simple moving average of $88.79.

Wynn Resorts (NASDAQ:WYNN) last released its 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 firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.78 billion. Wynn Resorts had a negative return on equity of 71.17% and a net margin of 7.03%. On average, equities analysts anticipate that Wynn Resorts, Limited will post 5.17 EPS for the current fiscal year.

Wynn Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.00 dividend on an annualized basis and a yield of 1.20%. Wynn Resorts’s dividend payout ratio (DPR) is 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.