Dimensional Fund Advisors LP Buys 13,100 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Dimensional Fund Advisors LP boosted its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 2.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 613,343 shares of the casino operator’s stock after acquiring an additional 13,100 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Wynn Resorts were worth $52,845,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Brandywine Global Investment Management LLC acquired a new position in shares of Wynn Resorts during the fourth quarter worth approximately $5,216,000. Alliancebernstein L.P. raised its holdings in Wynn Resorts by 12.4% during the fourth quarter. Alliancebernstein L.P. now owns 122,760 shares of the casino operator’s stock worth $10,577,000 after buying an additional 13,553 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Wynn Resorts in the fourth quarter valued at $75,872,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Wynn Resorts during the fourth quarter valued at about $2,270,000. Finally, Empirical Asset Management LLC bought a new stake in shares of Wynn Resorts during the fourth quarter worth about $903,000. 88.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Philip G. Satre bought 22,200 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average price of $92.18 per share, with a total value of $2,046,396.00. Following the acquisition, the director now owns 34,195 shares of the company’s stock, valued at approximately $3,152,095.10. The trade was a 185.08 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Tilman J. Fertitta purchased 5,025 shares of the business’s stock in a transaction on Friday, March 21st. The stock was purchased at an average cost of $80.99 per share, with a total value of $406,974.75. Following the completion of the acquisition, the insider now owns 10,905,025 shares in the company, valued at approximately $883,197,974.75. This trade represents a 0.05 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 438,700 shares of company stock valued at $31,300,943. Company insiders own 0.52% of the company’s stock.

Wynn Resorts Trading Up 3.1 %

Wynn Resorts stock opened at $82.49 on Friday. The business’s 50 day simple moving average is $81.04 and its 200 day simple moving average is $86.37. Wynn Resorts, Limited has a 12 month low of $65.25 and a 12 month high of $107.81. The company has a market cap of $8.76 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 2.35 and a beta of 1.53.

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 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 company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.78 billion. As a group, equities research analysts forecast that Wynn Resorts, Limited will post 5.17 earnings per share for the current fiscal year.

Wynn Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Monday, February 24th. Wynn Resorts’s payout ratio is currently 23.75%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Argus downgraded Wynn Resorts from a “buy” rating to a “hold” rating in a research note on Wednesday, April 23rd. Barclays decreased their price target on Wynn Resorts from $116.00 to $99.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. StockNews.com cut Wynn Resorts from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Stifel Nicolaus upped their target price on shares of Wynn Resorts from $123.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Finally, Morgan Stanley dropped 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 report on Monday, February 24th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.