2,409 Shares in Wynn Resorts, Limited (NASDAQ:WYNN) Purchased by Stevens Capital Management LP

Stevens Capital Management LP acquired a new stake in Wynn Resorts, Limited (NASDAQ:WYNN) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,409 shares of the casino operator’s stock, valued at approximately $208,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Fox Run Management L.L.C. bought a new position in shares of Wynn Resorts in the fourth quarter worth $1,160,000. Virtu Financial LLC acquired a new stake in Wynn Resorts during the fourth quarter worth about $2,942,000. Northwest & Ethical Investments L.P. increased its holdings in Wynn Resorts by 63.3% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 2,450 shares of the casino operator’s stock valued at $211,000 after buying an additional 950 shares during the period. Blueshift Asset Management LLC acquired a new position in shares of Wynn Resorts in the 4th quarter valued at approximately $533,000. Finally, Magnetar Financial LLC acquired a new stake in shares of Wynn Resorts during the 4th quarter worth approximately $281,000. Institutional investors and hedge funds own 88.64% of the company’s stock.

Wynn Resorts Stock Performance

Shares of NASDAQ:WYNN opened at $84.87 on Tuesday. The firm has a market cap of $9.01 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 2.35 and a beta of 1.77. Wynn Resorts, Limited has a 52 week low of $71.63 and a 52 week high of $110.38. The firm’s fifty day moving average is $85.78 and its 200-day moving average is $89.06.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly 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. The company 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%. Sell-side analysts forecast that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Monday, February 24th. Wynn Resorts’s dividend payout ratio (DPR) is 23.75%.

Insider Activity

In other news, Director Philip G. Satre bought 22,200 shares of Wynn Resorts stock in a transaction dated Tuesday, February 18th. The stock was bought at an average cost of $92.18 per share, for a total transaction of $2,046,396.00. Following the purchase, the director now directly owns 34,195 shares in the company, valued at approximately $3,152,095.10. This represents a 185.08 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.52% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on WYNN shares. StockNews.com downgraded shares of Wynn Resorts from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Morgan Stanley dropped their price objective on Wynn Resorts from $105.00 to $103.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. Jefferies Financial Group raised 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 research note on Tuesday, February 18th. Barclays boosted their target price on Wynn Resorts from $115.00 to $116.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Finally, Mizuho lifted their price target 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 investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $119.58.

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.