Aquatic Capital Management LLC Acquires Shares of 142,739 Wynn Resorts, Limited (NASDAQ:WYNN)

Aquatic Capital Management LLC bought a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 142,739 shares of the casino operator’s stock, valued at approximately $12,298,000.

Several other large investors have also made changes to their positions in WYNN. BI Asset Management Fondsmaeglerselskab A S raised its holdings in Wynn Resorts by 190.9% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 19,798 shares of the casino operator’s stock worth $1,706,000 after purchasing an additional 12,993 shares during the last quarter. Brandywine Global Investment Management LLC bought a new stake in shares of Wynn Resorts during the 4th quarter valued at $5,216,000. Alliancebernstein L.P. lifted its stake in shares of Wynn Resorts by 12.4% in the 4th quarter. Alliancebernstein L.P. now owns 122,760 shares of the casino operator’s stock valued at $10,577,000 after purchasing an additional 13,553 shares during the period. Raymond James Financial Inc. bought a new position in shares of Wynn Resorts in the 4th quarter worth $75,872,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Wynn Resorts in the 4th quarter worth $2,270,000. Institutional investors and hedge funds own 88.64% of the company’s stock.

Wynn Resorts Stock Performance

Shares of NASDAQ:WYNN opened at $82.11 on Friday. Wynn Resorts, Limited has a 52-week low of $65.25 and a 52-week high of $107.81. The company has a market capitalization of $8.72 billion, a P/E ratio of 19.50, a price-to-earnings-growth ratio of 2.35 and a beta of 1.53. The company has a 50-day simple moving average of $82.06 and a 200 day simple moving average of $87.12.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings data on Thursday, February 13th. The casino operator reported $2.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $1.15. The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Wynn Resorts had a negative return on equity of 71.17% and a net margin of 7.03%. As a group, equities analysts forecast that Wynn Resorts, Limited will post 5.17 earnings per share for the current year.

Wynn Resorts Announces Dividend

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

Insider Buying and Selling at Wynn Resorts

In other news, Director Philip G. Satre acquired 22,200 shares of Wynn Resorts stock in a transaction dated Tuesday, February 18th. The stock was bought at an average price of $92.18 per share, for a total transaction of $2,046,396.00. Following the completion of the acquisition, the director now directly 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Tilman J. Fertitta bought 5,025 shares of the firm’s stock in a transaction dated Friday, March 21st. The stock was purchased at an average cost of $80.99 per share, for a total transaction of $406,974.75. Following the transaction, the insider now directly 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 position. The disclosure for this purchase can be found here. Insiders have purchased a total of 438,700 shares of company stock worth $31,300,943 over the last ninety days. Insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on WYNN shares. Jefferies Financial Group raised shares of Wynn Resorts from a “hold” rating to a “buy” rating and lifted their price target for the stock from $105.00 to $118.00 in a research report on Tuesday, February 18th. StockNews.com downgraded Wynn Resorts from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Argus downgraded shares of Wynn Resorts from a “buy” rating to a “hold” rating in a report on Wednesday. Mizuho increased their target price on shares of Wynn Resorts from $118.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. Finally, Morgan Stanley lowered their price target on shares of Wynn Resorts from $105.00 to $103.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Wynn Resorts has a consensus rating of “Moderate Buy” and an average target price of $118.17.

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.