Banco Bilbao Vizcaya Argentaria S.A. Boosts Holdings in Wynn Resorts, Limited (NASDAQ:WYNN)

Banco Bilbao Vizcaya Argentaria S.A. grew its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 56.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,744 shares of the casino operator’s stock after acquiring an additional 2,429 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Wynn Resorts were worth $582,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Orvieto Partners L.P. bought a new stake in Wynn Resorts in the fourth quarter worth about $4,308,000. RBF Capital LLC bought a new stake in shares of Wynn Resorts during the 4th quarter worth approximately $862,000. Long Focus Capital Management LLC boosted its holdings in Wynn Resorts by 3.8% during the 4th quarter. Long Focus Capital Management LLC now owns 163,000 shares of the casino operator’s stock valued at $14,044,000 after acquiring an additional 6,000 shares during the period. Stifel Financial Corp grew its position in Wynn Resorts by 341.0% in the 4th 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 last quarter. Finally, State of Tennessee Department of Treasury increased its stake in Wynn Resorts by 73.0% in the fourth quarter. State of Tennessee Department of Treasury now owns 23,791 shares of the casino operator’s stock worth $2,050,000 after purchasing an additional 10,041 shares during the period. Institutional investors own 88.64% of the company’s stock.

Analyst Upgrades and Downgrades

WYNN has been the topic of a number of research analyst reports. Morgan Stanley cut their price target 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. Jefferies Financial Group raised shares of Wynn Resorts from a “hold” rating to a “buy” rating and raised their target price for the stock from $105.00 to $118.00 in a research report on Tuesday, February 18th. Macquarie reiterated an “outperform” rating and issued a $115.00 price target on shares of Wynn Resorts in a report on Friday, February 14th. Stifel Nicolaus raised their price objective on Wynn Resorts from $123.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Finally, Mizuho upped their target price on Wynn Resorts from $118.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Wynn Resorts presently has a consensus rating of “Moderate Buy” and an average target price of $118.17.

Insider Activity

In other Wynn Resorts news, Director Philip G. Satre acquired 22,200 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average price of $92.18 per share, for a total transaction of $2,046,396.00. Following the completion of the purchase, the director now directly owns 34,195 shares of the company’s stock, valued at $3,152,095.10. The trade was a 185.08 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Tilman J. Fertitta bought 5,025 shares of Wynn Resorts stock in a transaction that occurred on Friday, March 21st. The shares were acquired at an average cost of $80.99 per share, with a total value of $406,974.75. Following the acquisition, the insider now owns 10,905,025 shares of the company’s stock, valued at $883,197,974.75. The trade was a 0.05 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 438,700 shares of company stock valued at $31,300,943 over the last ninety days. 0.52% of the stock is currently owned by insiders.

Wynn Resorts Stock Performance

Wynn Resorts stock opened at $82.20 on Tuesday. Wynn Resorts, Limited has a one year low of $65.25 and a one year high of $107.81. The stock has a market cap of $8.73 billion, a PE ratio of 19.52, a price-to-earnings-growth ratio of 2.35 and a beta of 1.53. The stock has a 50-day moving average of $81.86 and a two-hundred day moving average of $86.73.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings data on Thursday, February 13th. The casino operator reported $2.42 EPS for the quarter, beating the consensus estimate of $1.27 by $1.15. The firm had revenue of $1.84 billion during 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, sell-side analysts predict that Wynn Resorts, Limited will post 5.17 EPS for the current fiscal year.

Wynn Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, February 24th. This represents a $1.00 annualized dividend and a dividend yield of 1.22%. Wynn Resorts’s payout ratio is currently 23.75%.

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.