Asset Management One Co. Ltd. Purchases 569 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Asset Management One Co. Ltd. increased its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 1.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 36,309 shares of the casino operator’s stock after purchasing an additional 569 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Wynn Resorts were worth $3,220,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Regal Partners Ltd increased its position in shares of Wynn Resorts by 24.0% during the 3rd quarter. Regal Partners Ltd now owns 898,705 shares of the casino operator’s stock valued at $86,168,000 after purchasing an additional 174,005 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Wynn Resorts by 90.6% during the 3rd quarter. Wellington Management Group LLP now owns 115,707 shares of the casino operator’s stock valued at $11,094,000 after purchasing an additional 54,995 shares during the last quarter. Empirical Asset Management LLC bought a new position in shares of Wynn Resorts during the 4th quarter valued at approximately $903,000. Crystal Rock Capital Management bought a new position in shares of Wynn Resorts during the 3rd quarter valued at approximately $719,000. Finally, ARGA Investment Management LP bought a new position in shares of Wynn Resorts during the 3rd quarter valued at approximately $2,174,000. Institutional investors own 88.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Jefferies Financial Group raised Wynn Resorts from a “hold” rating to a “buy” rating and boosted their target price for the company from $105.00 to $118.00 in a research report on Tuesday. Stifel Nicolaus boosted their price objective on Wynn Resorts from $123.00 to $128.00 and gave the company a “buy” rating in a report on Friday, February 14th. StockNews.com upgraded Wynn Resorts from a “hold” rating to a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. boosted their price objective on Wynn Resorts from $101.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, Wells Fargo & Company dropped their price objective on Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $120.58.

Wynn Resorts Trading Up 1.2 %

Shares of WYNN stock opened at $92.26 on Thursday. Wynn Resorts, Limited has a twelve month low of $71.63 and a twelve month high of $110.38. The stock has a market capitalization of $9.82 billion, a price-to-earnings ratio of 21.91, a P/E/G ratio of 2.57 and a beta of 1.76. The stock has a fifty day simple moving average of $85.39 and a two-hundred day simple moving average of $87.10.

Wynn Resorts (NASDAQ:WYNN) last issued its earnings results on Thursday, February 13th. The casino operator reported $2.42 earnings per share 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 business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Research analysts predict that Wynn Resorts, Limited will post 4.87 EPS for the current fiscal year.

Wynn Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Monday, February 24th. Wynn Resorts’s payout ratio is 23.75%.

Insider Transactions at Wynn Resorts

In related news, Director Philip G. Satre purchased 22,200 shares of Wynn Resorts stock in a transaction dated Tuesday, February 18th. The stock was purchased at an average cost of $92.18 per share, with a total value of $2,046,396.00. Following the transaction, the director now owns 34,195 shares in the company, valued at approximately $3,152,095.10. The trade was a 185.08 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate 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.