Wynn Resorts, Limited (NASDAQ:WYNN) Stock Holdings Lifted by Natixis

Natixis lifted its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 24.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,600 shares of the casino operator’s stock after acquiring an additional 2,514 shares during the period. Natixis’ holdings in Wynn Resorts were worth $1,288,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in WYNN. CANADA LIFE ASSURANCE Co grew its position in Wynn Resorts by 3.9% during the first quarter. CANADA LIFE ASSURANCE Co now owns 30,609 shares of the casino operator’s stock valued at $3,131,000 after purchasing an additional 1,140 shares in the last quarter. UniSuper Management Pty Ltd grew its position in Wynn Resorts by 540.6% during the first quarter. UniSuper Management Pty Ltd now owns 10,179 shares of the casino operator’s stock valued at $1,041,000 after purchasing an additional 8,590 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new position in Wynn Resorts during the first quarter valued at approximately $273,000. Covestor Ltd grew its position in Wynn Resorts by 421.7% during the first quarter. Covestor Ltd now owns 626 shares of the casino operator’s stock valued at $64,000 after purchasing an additional 506 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Wynn Resorts by 1.5% during the first quarter. Vanguard Group Inc. now owns 11,028,618 shares of the casino operator’s stock valued at $1,127,456,000 after purchasing an additional 166,594 shares in the last quarter. 68.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on WYNN. Macquarie lowered their price objective on shares of Wynn Resorts from $128.00 to $126.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 9th. Seaport Res Ptn raised shares of Wynn Resorts from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 30th. Wells Fargo & Company decreased their target price on shares of Wynn Resorts from $128.00 to $126.00 and set an “overweight” rating for the company in a research report on Tuesday, July 2nd. Stifel Nicolaus boosted their target price on shares of Wynn Resorts from $135.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Finally, Morgan Stanley decreased their target price on shares of Wynn Resorts from $115.00 to $107.00 and set an “equal weight” rating for the company in a research report on Friday, July 12th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $119.53.

Insider Buying and Selling at Wynn Resorts

In other news, Director Betsy S. Atkins sold 2,446 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $94.39, for a total transaction of $230,877.94. Following the completion of the transaction, the director now directly owns 9,226 shares of the company’s stock, valued at approximately $870,842.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.52% of the company’s stock.

Wynn Resorts Stock Down 0.6 %

Wynn Resorts stock traded down $0.45 during mid-day trading on Thursday, reaching $80.52. The company had a trading volume of 2,425,305 shares, compared to its average volume of 1,804,776. Wynn Resorts, Limited has a 52 week low of $80.11 and a 52 week high of $111.09. The company has a 50 day moving average of $89.32 and a 200-day moving average of $95.97. The firm has a market cap of $9.02 billion, a price-to-earnings ratio of 11.03 and a beta of 1.82.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings results on Tuesday, May 7th. The casino operator reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.16. Wynn Resorts had a net margin of 12.36% and a negative return on equity of 46.04%. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the prior year, the firm earned $0.29 EPS. The business’s revenue was up 30.9% on a year-over-year basis. On average, analysts predict that Wynn Resorts, Limited will post 5.62 earnings per share for the current fiscal year.

Wynn Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Monday, May 20th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Friday, May 17th. Wynn Resorts’s dividend payout ratio (DPR) is presently 13.70%.

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.