13,500 Shares in Wynn Resorts, Limited (NASDAQ:WYNN) Acquired by Waycross Partners LLC

Waycross Partners LLC bought a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) during the 4th quarter, HoldingsChannel.com reports. The fund bought 13,500 shares of the casino operator’s stock, valued at approximately $1,230,000.

Several other large investors have also recently added to or reduced their stakes in WYNN. Vanguard Capital Wealth Advisors purchased a new stake in shares of Wynn Resorts in the 4th quarter valued at approximately $323,000. Kestra Private Wealth Services LLC increased its position in shares of Wynn Resorts by 9.1% in the 4th quarter. Kestra Private Wealth Services LLC now owns 7,597 shares of the casino operator’s stock valued at $692,000 after purchasing an additional 634 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Wynn Resorts by 51.8% in the 4th quarter. Van ECK Associates Corp now owns 55,787 shares of the casino operator’s stock valued at $5,083,000 after purchasing an additional 19,031 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Wynn Resorts by 83.1% in the 4th quarter. Russell Investments Group Ltd. now owns 22,273 shares of the casino operator’s stock valued at $2,034,000 after purchasing an additional 10,107 shares during the last quarter. Finally, Private Wealth Partners LLC increased its position in shares of Wynn Resorts by 104.9% in the 4th quarter. Private Wealth Partners LLC now owns 4,765 shares of the casino operator’s stock valued at $434,000 after purchasing an additional 2,440 shares during the last quarter. 68.87% of the stock is owned by hedge funds and other institutional investors.

Wynn Resorts Price Performance

Shares of WYNN stock traded down $5.33 during mid-day trading on Tuesday, hitting $91.65. The stock had a trading volume of 2,750,499 shares, compared to its average volume of 1,782,483. Wynn Resorts, Limited has a fifty-two week low of $81.65 and a fifty-two week high of $117.86. The firm has a market cap of $10.27 billion, a PE ratio of 15.33 and a beta of 1.93. The company’s 50-day simple moving average is $101.32 and its 200-day simple moving average is $95.12.

Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Wednesday, February 7th. The casino operator reported $1.91 EPS for the quarter, topping 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 company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter last year, the business earned ($1.23) EPS. The business’s revenue was up 83.1% on a year-over-year basis. On average, analysts expect that Wynn Resorts, Limited will post 5.37 EPS for the current year.

Wynn Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Tuesday, February 20th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Friday, February 16th. Wynn Resorts’s dividend payout ratio (DPR) is presently 16.72%.

Insider Transactions at Wynn Resorts

In other news, CEO Craig Scott Billings sold 19,235 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $108.00, for a total value of $2,077,380.00. Following the completion of the transaction, the chief executive officer now owns 307,904 shares in the company, valued at approximately $33,253,632. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Craig Scott Billings sold 19,235 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $108.00, for a total value of $2,077,380.00. Following the completion of the transaction, the chief executive officer now owns 307,904 shares in the company, valued at approximately $33,253,632. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Patricia Mulroy sold 960 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $105.17, for a total transaction of $100,963.20. Following the completion of the transaction, the director now owns 522 shares of the company’s stock, valued at approximately $54,898.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,578 shares of company stock worth $2,850,282. Company insiders own 0.52% of the company’s stock.

Wall Street Analysts Forecast Growth

WYNN has been the topic of a number of recent analyst reports. UBS Group dropped their target price on shares of Wynn Resorts from $117.00 to $108.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 6th. Bank Of America (Bofa) increased their target price on shares of Wynn Resorts from $95.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 17th. Susquehanna increased their target price on shares of Wynn Resorts from $105.00 to $115.00 and gave the company a “positive” rating in a research report on Thursday, February 8th. Barclays increased their target price on shares of Wynn Resorts from $123.00 to $124.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Finally, Macquarie increased their target price on shares of Wynn Resorts from $122.00 to $128.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $121.43.

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.