O Shaughnessy Asset Management LLC Has $350,000 Stock Holdings in Wynn Resorts, Limited (NASDAQ:WYNN)

O Shaughnessy Asset Management LLC grew its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 29.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,061 shares of the casino operator’s stock after acquiring an additional 928 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Wynn Resorts were worth $350,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Barrow Hanley Mewhinney & Strauss LLC grew its position in Wynn Resorts by 18.4% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,125,668 shares of the casino operator’s stock valued at $269,308,000 after purchasing an additional 485,204 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Wynn Resorts by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,406,260 shares of the casino operator’s stock worth $229,945,000 after buying an additional 34,907 shares during the last quarter. Norges Bank bought a new position in shares of Wynn Resorts in the 4th quarter valued at about $117,352,000. Charles Schwab Investment Management Inc. increased its position in shares of Wynn Resorts by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 952,442 shares of the casino operator’s stock valued at $82,062,000 after acquiring an additional 5,032 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Wynn Resorts during the fourth quarter worth about $75,872,000. 88.64% of the stock is currently owned by institutional investors and hedge funds.

Wynn Resorts Stock Up 1.2 %

Shares of Wynn Resorts stock opened at $73.19 on Friday. The stock has a market capitalization of $7.77 billion, a price-to-earnings ratio of 17.38, a price-to-earnings-growth ratio of 2.35 and a beta of 1.53. Wynn Resorts, Limited has a twelve month low of $65.25 and a twelve month high of $107.81. The company has a 50-day simple moving average of $83.27 and a two-hundred day simple moving average of $88.68.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly 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. Wynn Resorts had a net margin of 7.03% and a negative return on equity of 71.17%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.78 billion. On average, sell-side analysts anticipate that Wynn Resorts, Limited will post 5.17 earnings per share for the current fiscal year.

Wynn Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Monday, February 24th. Wynn Resorts’s payout ratio is currently 23.75%.

Insider Activity at Wynn Resorts

In other news, major shareholder Tilman J. Fertitta bought 100,000 shares of the company’s stock in a transaction dated Monday, April 7th. The stock was bought at an average cost of $67.62 per share, for a total transaction of $6,762,000.00. Following the transaction, the insider now owns 13,000,000 shares of the company’s stock, valued at $879,060,000. This represents a 0.78 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Philip G. Satre purchased 22,200 shares of Wynn Resorts stock in a transaction that occurred on 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 transaction, the director now directly owns 34,195 shares in the company, valued at $3,152,095.10. This represents a 185.08 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 438,700 shares of company stock valued at $31,300,943 over the last quarter. 0.52% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

WYNN has been the topic of several recent analyst reports. Jefferies Financial Group raised Wynn Resorts from a “hold” rating to a “buy” rating and boosted their price target for the stock from $105.00 to $118.00 in a research report on Tuesday, February 18th. Macquarie reaffirmed an “outperform” rating and set a $115.00 price target on shares of Wynn Resorts in a research report on Friday, February 14th. StockNews.com downgraded shares of Wynn Resorts from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Mizuho raised their target price on shares of Wynn Resorts from $118.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. Finally, Barclays boosted their price target on Wynn Resorts from $115.00 to $116.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Two investment 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.