Venturi Wealth Management LLC Raises Position in Wynn Resorts, Limited (NASDAQ:WYNN)

Venturi Wealth Management LLC grew its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 15.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 936 shares of the casino operator’s stock after buying an additional 122 shares during the period. Venturi Wealth Management LLC’s holdings in Wynn Resorts were worth $81,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of WYNN. Fisher Asset Management LLC raised its holdings in shares of Wynn Resorts by 70.7% during the third quarter. Fisher Asset Management LLC now owns 3,971,846 shares of the casino operator’s stock valued at $380,821,000 after purchasing an additional 1,644,965 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Wynn Resorts by 1.5% during the third quarter. Geode Capital Management LLC now owns 2,406,260 shares of the casino operator’s stock valued at $229,945,000 after purchasing an additional 34,907 shares during the last quarter. Regal Partners Ltd raised its holdings in shares of Wynn Resorts by 24.0% during the third 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. Holocene Advisors LP raised its holdings in shares of Wynn Resorts by 27,868.5% during the third quarter. Holocene Advisors LP now owns 757,946 shares of the casino operator’s stock valued at $72,672,000 after purchasing an additional 755,236 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Wynn Resorts by 1.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 624,469 shares of the casino operator’s stock valued at $59,874,000 after purchasing an additional 10,465 shares during the last quarter. 88.64% of the stock is owned by hedge funds and other institutional investors.

Wynn Resorts Price Performance

WYNN opened at $90.15 on Tuesday. The firm has a market cap of $9.59 billion, a P/E ratio of 21.41, a PEG ratio of 2.35 and a beta of 1.76. Wynn Resorts, Limited has a 1-year low of $71.63 and a 1-year high of $110.38. The company has a 50 day simple moving average of $85.32 and a two-hundred day simple moving average of $87.52.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings results on Thursday, February 13th. The casino operator reported $2.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $1.15. The business 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%. Equities analysts anticipate that Wynn Resorts, Limited will post 5.17 earnings per share for the current year.

Wynn Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, February 24th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.11%. Wynn Resorts’s dividend payout ratio is 23.75%.

Insider Buying and Selling

In related news, Director Philip G. Satre bought 22,200 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average price of $92.18 per share, for a total transaction of $2,046,396.00. Following the completion of the transaction, the director now owns 34,195 shares in the company, 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 legal filing with the SEC, which is available through this hyperlink. 0.52% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. StockNews.com raised shares of Wynn Resorts from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. Stifel Nicolaus upped their target price 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. Jefferies Financial Group raised shares of Wynn Resorts from a “hold” rating to a “buy” rating and upped their target price for the company from $105.00 to $118.00 in a report on Tuesday, February 18th. Macquarie reaffirmed an “outperform” rating and set a $115.00 target price on shares of Wynn Resorts in a report on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Wynn Resorts from $122.00 to $118.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. One research 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 data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $119.58.

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.