Aquatic Capital Management LLC Acquires New Holdings in Wynn Resorts, Limited (NASDAQ:WYNN)

Aquatic Capital Management LLC bought a new position in Wynn Resorts, Limited (NASDAQ:WYNN) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 142,739 shares of the casino operator’s stock, valued at approximately $12,298,000. Aquatic Capital Management LLC owned approximately 0.13% of Wynn Resorts as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of WYNN. Wilmington Savings Fund Society FSB acquired a new position in Wynn Resorts during the third quarter worth $31,000. Synovus Financial Corp acquired a new position in shares of Wynn Resorts during the 3rd quarter valued at about $202,000. Franklin Resources Inc. raised its stake in shares of Wynn Resorts by 0.5% in the 3rd quarter. Franklin Resources Inc. now owns 250,962 shares of the casino operator’s stock valued at $26,088,000 after acquiring an additional 1,165 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Wynn Resorts by 1.9% in the 3rd quarter. Principal Financial Group Inc. now owns 108,067 shares of the casino operator’s stock worth $10,361,000 after purchasing an additional 2,001 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Wynn Resorts by 91.9% during the fourth quarter. GAMMA Investing LLC now owns 2,885 shares of the casino operator’s stock valued at $249,000 after purchasing an additional 1,382 shares during the last quarter. Institutional investors and hedge funds own 88.64% of the company’s stock.

Insiders Place Their Bets

In other Wynn Resorts news, major shareholder Tilman J. Fertitta purchased 5,025 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The shares were acquired at an average cost of $80.99 per share, for a total transaction of $406,974.75. Following the transaction, the insider now directly owns 10,905,025 shares in the company, valued at approximately $883,197,974.75. The trade was a 0.05 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Philip G. Satre purchased 22,200 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average cost of $92.18 per share, with a total value of $2,046,396.00. Following the completion of the acquisition, 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 ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 438,700 shares of company stock valued at $31,300,943. 0.52% of the stock is currently owned by insiders.

Wynn Resorts Trading Up 0.6 %

Shares of WYNN opened at $82.11 on Friday. The stock has a market cap of $8.72 billion, a PE ratio of 19.50, a PEG ratio of 2.35 and a beta of 1.53. Wynn Resorts, Limited has a 1 year low of $65.25 and a 1 year high of $107.81. The stock has a 50 day simple moving average of $82.06 and a 200-day simple moving average of $87.12.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings data on Thursday, February 13th. The casino operator reported $2.42 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.78 billion. On average, sell-side analysts forecast that Wynn Resorts, Limited will post 5.17 EPS for the current fiscal year.

Wynn Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were given 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 1.22%. Wynn Resorts’s dividend payout ratio (DPR) is presently 23.75%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Macquarie restated an “outperform” rating and issued a $115.00 price objective on shares of Wynn Resorts in a research note on Friday, February 14th. StockNews.com cut shares of Wynn Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, March 12th. 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. Morgan Stanley lowered their target price on Wynn Resorts from $105.00 to $103.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. Finally, Jefferies Financial Group upgraded Wynn Resorts from a “hold” rating to a “buy” rating and upped their price target for the stock from $105.00 to $118.00 in a report on Tuesday, February 18th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.17.

About Wynn Resorts

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.