2,766 Shares in Wynn Resorts, Limited (NASDAQ:WYNN) Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC bought a new stake in Wynn Resorts, Limited (NASDAQ:WYNN) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 2,766 shares of the casino operator’s stock, valued at approximately $238,000.

Several other institutional investors also recently bought and sold shares of the company. New Wave Wealth Advisors LLC acquired a new stake in shares of Wynn Resorts in the fourth quarter valued at $26,000. Wilmington Savings Fund Society FSB purchased a new stake in Wynn Resorts during the 3rd quarter worth about $31,000. SBI Securities Co. Ltd. acquired a new stake in Wynn Resorts in the 4th quarter valued at about $36,000. Spire Wealth Management boosted its stake in shares of Wynn Resorts by 116.4% in 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 during the period. Finally, Venturi Wealth Management LLC grew its position in shares of Wynn Resorts by 15.0% during the fourth quarter. Venturi Wealth Management LLC now owns 936 shares of the casino operator’s stock worth $81,000 after buying an additional 122 shares in the last quarter. 88.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Stifel Nicolaus lifted their price target on shares of Wynn Resorts from $123.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Morgan Stanley reduced their price objective on shares of Wynn Resorts from $105.00 to $103.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. StockNews.com downgraded shares of Wynn Resorts from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Macquarie restated an “outperform” rating and issued a $115.00 price target on shares of Wynn Resorts in a research note on Friday, February 14th. Finally, Mizuho upped their price objective on Wynn Resorts from $118.00 to $132.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Wynn Resorts has a consensus rating of “Moderate Buy” and a consensus price target of $119.58.

Wynn Resorts Stock Down 1.4 %

WYNN stock opened at $81.54 on Thursday. The stock has a market capitalization of $8.66 billion, a price-to-earnings ratio of 19.37, a price-to-earnings-growth ratio of 2.35 and a beta of 1.53. The stock’s fifty day simple moving average is $85.79 and its 200-day simple moving average is $89.34. Wynn Resorts, Limited has a 52-week low of $71.63 and a 52-week high of $110.38.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings results on Thursday, February 13th. The casino operator reported $2.42 EPS for the quarter, beating the consensus estimate of $1.27 by $1.15. Wynn Resorts had a negative return on equity of 71.17% and a net margin of 7.03%. The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.78 billion. As a group, analysts anticipate that Wynn Resorts, Limited will post 5.17 earnings per share for the current fiscal year.

Wynn Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were issued 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 dividend yield of 1.23%. Wynn Resorts’s dividend payout ratio (DPR) is 23.75%.

Insider Activity

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