Long Focus Capital Management LLC Purchases 6,000 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Long Focus Capital Management LLC increased its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 3.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 163,000 shares of the casino operator’s stock after purchasing an additional 6,000 shares during the period. Long Focus Capital Management LLC’s holdings in Wynn Resorts were worth $14,044,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of WYNN. Stifel Financial Corp raised its holdings in Wynn Resorts by 341.0% during the fourth quarter. Stifel Financial Corp now owns 96,107 shares of the casino operator’s stock valued at $8,281,000 after acquiring an additional 74,316 shares during the period. State of Tennessee Department of Treasury raised its stake in Wynn Resorts by 73.0% during the 4th quarter. State of Tennessee Department of Treasury now owns 23,791 shares of the casino operator’s stock valued at $2,050,000 after purchasing an additional 10,041 shares during the period. Tower Research Capital LLC TRC raised its stake in Wynn Resorts by 155.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,667 shares of the casino operator’s stock valued at $833,000 after purchasing an additional 5,884 shares during the period. MetLife Investment Management LLC boosted its stake in Wynn Resorts by 0.7% in the 4th quarter. MetLife Investment Management LLC now owns 24,988 shares of the casino operator’s stock worth $2,153,000 after purchasing an additional 177 shares during the period. Finally, Norinchukin Bank The grew its holdings in Wynn Resorts by 7.2% during the 4th quarter. Norinchukin Bank The now owns 4,131 shares of the casino operator’s stock valued at $356,000 after buying an additional 277 shares in the last quarter. Hedge funds and other institutional investors own 88.64% of the company’s stock.

Wynn Resorts Stock Performance

NASDAQ WYNN opened at $76.97 on Wednesday. The business’s 50 day moving average price is $82.58 and its 200-day moving average price is $87.49. Wynn Resorts, Limited has a fifty-two week low of $65.25 and a fifty-two week high of $107.81. The company has a market cap of $8.17 billion, a P/E ratio of 18.28, a P/E/G ratio of 2.35 and a beta of 1.53.

Wynn Resorts (NASDAQ:WYNN) last announced 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. Wynn Resorts had a net margin of 7.03% and a negative return on equity of 71.17%. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.78 billion. As a group, equities analysts predict that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Dividend Announcement

The company 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. This represents a $1.00 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend was Monday, February 24th. Wynn Resorts’s payout ratio is currently 23.75%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Macquarie reissued an “outperform” rating and issued a $115.00 target price on shares of Wynn Resorts in a report on Friday, February 14th. Stifel Nicolaus increased their price objective on shares of Wynn Resorts from $123.00 to $128.00 and gave the company a “buy” rating in a report on Friday, February 14th. Barclays cut their price objective on Wynn Resorts from $116.00 to $99.00 and set an “overweight” rating for the company in a research report on Tuesday. StockNews.com downgraded Wynn Resorts from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Finally, Morgan Stanley reduced their price objective on Wynn Resorts from $105.00 to $103.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Wynn Resorts has an average rating of “Moderate Buy” and an average price target of $118.17.

Insider Buying and Selling at Wynn Resorts

In related news, Director Philip G. Satre acquired 22,200 shares of the firm’s stock in a transaction that occurred on 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 acquisition, the director now directly owns 34,195 shares of the company’s stock, valued at $3,152,095.10. This represents a 185.08 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Tilman J. Fertitta bought 100,000 shares of the company’s stock in a transaction on Monday, April 7th. The stock was bought at an average price of $67.62 per share, for a total transaction of $6,762,000.00. Following the completion of the purchase, the insider now directly owns 13,000,000 shares in the company, valued at approximately $879,060,000. This represents a 0.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 438,700 shares of company stock worth $31,300,943 over the last 90 days. Company insiders own 0.52% of the company’s stock.

Wynn Resorts 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.