Wynn Resorts, Limited (NASDAQ:WYNN) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC grew its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 70.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,971,846 shares of the casino operator’s stock after buying an additional 1,644,965 shares during the quarter. Fisher Asset Management LLC’s holdings in Wynn Resorts were worth $380,821,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Daiwa Securities Group Inc. raised its stake in Wynn Resorts by 13.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 12,058 shares of the casino operator’s stock valued at $1,156,000 after purchasing an additional 1,416 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of Wynn Resorts by 7.0% during the third quarter. Cerity Partners LLC now owns 53,711 shares of the casino operator’s stock worth $5,150,000 after buying an additional 3,521 shares in the last quarter. Eagle Asset Management Inc. acquired a new position in shares of Wynn Resorts in the third quarter valued at approximately $58,486,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Wynn Resorts during the third quarter valued at approximately $202,000. Finally, Prospera Financial Services Inc boosted its position in Wynn Resorts by 4.1% during the third quarter. Prospera Financial Services Inc now owns 4,616 shares of the casino operator’s stock worth $443,000 after acquiring an additional 181 shares during the last quarter. Institutional investors and hedge funds own 68.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on WYNN shares. Morgan Stanley increased their price target on Wynn Resorts from $112.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus reduced their target price on Wynn Resorts from $121.00 to $103.00 and set a “buy” rating on the stock in a research report on Friday, September 13th. Barclays lowered their price target on Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Macquarie reiterated an “outperform” rating and set a $120.00 price objective on shares of Wynn Resorts in a report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Wynn Resorts from $122.00 to $118.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $115.71.

Wynn Resorts Trading Down 0.5 %

NASDAQ:WYNN opened at $91.29 on Monday. The firm’s fifty day simple moving average is $93.59 and its 200 day simple moving average is $88.02. Wynn Resorts, Limited has a twelve month low of $71.63 and a twelve month high of $110.38. The firm has a market capitalization of $10.03 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 3.28 and a beta of 1.80.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings results on Monday, November 4th. The casino operator reported $0.90 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.11). Wynn Resorts had a negative return on equity of 61.16% and a net margin of 13.37%. The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period last year, the firm posted $0.99 earnings per share. The business’s revenue was up 1.3% on a year-over-year basis. On average, analysts predict that Wynn Resorts, Limited will post 4.87 earnings per share for the current year.

Wynn Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Friday, November 15th. Wynn Resorts’s payout ratio is 12.33%.

Insider Activity

In related news, Director Patricia Mulroy sold 2,650 shares of Wynn Resorts stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $78.73, for a total value of $208,634.50. Following the completion of the transaction, the director now directly owns 5,689 shares in the company, valued at approximately $447,894.97. This trade represents a 31.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.52% of the company’s stock.

Wynn Resorts Company Profile

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.