Aster Capital Management DIFC Ltd Purchases 3,617 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Aster Capital Management DIFC Ltd lifted its holdings in Wynn Resorts, Limited (NASDAQ:WYNN) by 1,137.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,935 shares of the casino operator’s stock after acquiring an additional 3,617 shares during the period. Aster Capital Management DIFC Ltd’s holdings in Wynn Resorts were worth $339,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Public Sector Pension Investment Board grew its stake in shares of Wynn Resorts by 6.9% in the 3rd quarter. Public Sector Pension Investment Board now owns 3,078 shares of the casino operator’s stock valued at $295,000 after buying an additional 200 shares during the period. Captrust Financial Advisors grew its stake in Wynn Resorts by 41.2% in the third quarter. Captrust Financial Advisors now owns 4,165 shares of the casino operator’s stock valued at $399,000 after acquiring an additional 1,215 shares during the period. Hilltop Holdings Inc. bought a new stake in shares of Wynn Resorts during the third quarter valued at approximately $260,000. Investment Management Corp of Ontario acquired a new position in shares of Wynn Resorts during the third quarter worth approximately $322,000. Finally, IHT Wealth Management LLC lifted its holdings in shares of Wynn Resorts by 1.7% in the 3rd quarter. IHT Wealth Management LLC now owns 6,766 shares of the casino operator’s stock worth $654,000 after purchasing an additional 112 shares in the last quarter. 88.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in 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 report on Tuesday, February 18th. Mizuho increased their price objective on Wynn Resorts from $118.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. Stifel Nicolaus lifted their target price on Wynn Resorts from $123.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Barclays increased their price target on Wynn Resorts from $115.00 to $116.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Finally, Morgan Stanley cut 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. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Wynn Resorts currently has a consensus rating of “Moderate Buy” and an average price target of $119.58.

Wynn Resorts Stock Performance

WYNN opened at $70.09 on Monday. Wynn Resorts, Limited has a fifty-two week low of $66.20 and a fifty-two week high of $108.50. The firm has a 50-day moving average of $85.25 and a 200 day moving average of $89.30. The firm has a market cap of $7.44 billion, a P/E ratio of 16.65, a PEG ratio of 2.35 and a beta of 1.53.

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

Wynn Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Monday, February 24th. Wynn Resorts’s dividend payout ratio is currently 23.75%.

Insider Buying and Selling at Wynn Resorts

In other Wynn Resorts news, major shareholder Tilman J. Fertitta bought 11,475 shares of the stock in a transaction on Monday, March 24th. The shares were acquired at an average price of $84.93 per share, with a total value of $974,571.75. Following the acquisition, the insider now directly owns 12,600,000 shares of the company’s stock, valued at $1,070,118,000. The trade was a 0.09 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Philip G. Satre bought 22,200 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were bought at an average price of $92.18 per share, for a total transaction of $2,046,396.00. Following the transaction, the director now owns 34,195 shares of the company’s stock, 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. Insiders have bought a total of 38,700 shares of company stock worth $3,427,943 over the last ninety days. 0.52% of the stock is currently owned by company insiders.

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.