3,201 Shares in Wynn Resorts, Limited (NASDAQ:WYNN) Purchased by Parametrica Management Ltd

Parametrica Management Ltd acquired a new stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,201 shares of the casino operator’s stock, valued at approximately $276,000.

Other institutional investors have also added to or reduced their stakes in the company. New Wave Wealth Advisors LLC bought a new position in Wynn Resorts in the fourth quarter worth about $26,000. Wilmington Savings Fund Society FSB purchased a new position in Wynn Resorts during the third quarter valued at approximately $31,000. SBI Securities Co. Ltd. bought a new position in shares of Wynn Resorts during the fourth quarter worth $36,000. Spire Wealth Management grew its holdings in Wynn Resorts by 116.4% during the 4th quarter. Spire Wealth Management now owns 435 shares of the casino operator’s stock valued at $37,000 after buying an additional 234 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Wynn Resorts by 15.0% in the 4th quarter. Venturi Wealth Management LLC now owns 936 shares of the casino operator’s stock valued at $81,000 after acquiring an additional 122 shares during the last quarter. 88.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder Tilman J. Fertitta acquired 5,025 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was bought at an average price of $80.99 per share, with a total value of $406,974.75. Following the acquisition, the insider now owns 10,905,025 shares in the company, valued at $883,197,974.75. This represents a 0.05 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Philip G. Satre bought 22,200 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average price of $92.18 per share, with a total value of $2,046,396.00. Following the completion of the purchase, the director now directly owns 34,195 shares in the company, valued at $3,152,095.10. The trade was a 185.08 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 38,700 shares of company stock valued at $3,427,943 over the last three months. Company insiders own 0.52% of the company’s stock.

Wynn Resorts Trading Up 1.4 %

Shares of Wynn Resorts stock opened at $86.03 on Wednesday. Wynn Resorts, Limited has a 1 year low of $71.63 and a 1 year high of $110.38. The company’s fifty day simple moving average is $85.86 and its 200-day simple moving average is $89.13. The company has a market cap of $9.13 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 2.35 and a beta of 1.77.

Wynn Resorts (NASDAQ:WYNN) last issued 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. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.78 billion. Wynn Resorts had a net margin of 7.03% and a negative return on equity of 71.17%. As a group, research analysts forecast that Wynn Resorts, Limited will post 5.17 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were paid a $0.25 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.00 dividend on an annualized basis and a yield of 1.16%. Wynn Resorts’s payout ratio is presently 23.75%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on WYNN shares. Jefferies Financial Group upgraded shares of Wynn Resorts from a “hold” rating to a “buy” rating and upped their target price for the stock from $105.00 to $118.00 in a research note on Tuesday, February 18th. Mizuho lifted their price target on Wynn Resorts from $118.00 to $132.00 and gave the company an “outperform” rating in a research report on Friday, February 14th. StockNews.com lowered shares of Wynn Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, March 12th. Barclays increased their price objective on Wynn Resorts from $115.00 to $116.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Finally, Stifel Nicolaus lifted their price objective on Wynn Resorts from $123.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Two equities research 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, Wynn Resorts presently has a consensus rating of “Moderate Buy” and a consensus target price 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.