Parametrica Management Ltd Buys New Shares in Wynn Resorts, Limited (NASDAQ:WYNN)

Parametrica Management Ltd purchased a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 3,201 shares of the casino operator’s stock, valued at approximately $276,000.

Several other hedge funds have also recently made changes to their positions in the business. IHT Wealth Management LLC raised its holdings in shares of Wynn Resorts by 1.7% in the third quarter. IHT Wealth Management LLC now owns 6,766 shares of the casino operator’s stock valued at $654,000 after purchasing an additional 112 shares during the last quarter. Fifth Third Bancorp boosted its position in Wynn Resorts by 5.8% in the fourth quarter. Fifth Third Bancorp now owns 2,183 shares of the casino operator’s stock worth $188,000 after purchasing an additional 119 shares during the last quarter. Venturi Wealth Management LLC grew its stake in Wynn Resorts by 15.0% in the 4th quarter. Venturi Wealth Management LLC now owns 936 shares of the casino operator’s stock valued at $81,000 after purchasing an additional 122 shares during the period. Metis Global Partners LLC increased its position in shares of Wynn Resorts by 5.0% during the 4th quarter. Metis Global Partners LLC now owns 3,197 shares of the casino operator’s stock valued at $275,000 after purchasing an additional 152 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Wynn Resorts by 1.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,798 shares of the casino operator’s stock worth $844,000 after buying an additional 176 shares during the last quarter. 88.64% of the stock is owned by institutional investors.

Insider Activity at Wynn Resorts

In related news, major shareholder Tilman J. Fertitta purchased 11,475 shares of Wynn Resorts stock in a transaction that occurred on Monday, March 24th. The stock was purchased at an average cost of $84.93 per share, with a total value of $974,571.75. Following the completion of the transaction, the insider now directly owns 12,600,000 shares in the company, valued at approximately $1,070,118,000. The trade was a 0.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Philip G. Satre acquired 22,200 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was acquired at an average price of $92.18 per share, for a total transaction of $2,046,396.00. Following the completion of the purchase, the director now owns 34,195 shares of the company’s stock, valued at $3,152,095.10. This trade represents a 185.08 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 38,700 shares of company stock worth $3,427,943. Insiders own 0.52% of the company’s stock.

Wall Street Analysts Forecast Growth

WYNN has been the topic of a number of research reports. StockNews.com cut shares of Wynn Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, March 12th. Morgan Stanley dropped their price target on Wynn Resorts from $105.00 to $103.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. Stifel Nicolaus lifted their price objective on Wynn Resorts from $123.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Mizuho upped their price objective on shares of Wynn Resorts from $118.00 to $132.00 and gave the company an “outperform” rating in a report on Friday, February 14th. Finally, Macquarie reiterated an “outperform” rating and issued a $115.00 target price on shares of Wynn Resorts in a research note on Friday, February 14th. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $119.58.

Wynn Resorts Stock Up 1.4 %

Shares of NASDAQ:WYNN opened at $86.03 on Wednesday. Wynn Resorts, Limited has a 52-week low of $71.63 and a 52-week high of $110.38. The stock has a market cap of $9.13 billion, a P/E ratio of 20.43, a price-to-earnings-growth ratio of 2.35 and a beta of 1.77. The business’s 50 day moving average is $85.86 and its 200 day moving average is $89.13.

Wynn Resorts (NASDAQ:WYNN) last posted its earnings results on Thursday, February 13th. The casino operator reported $2.42 EPS 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 firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.78 billion. On average, sell-side analysts anticipate that Wynn Resorts, Limited will post 5.17 EPS for the current fiscal year.

Wynn Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.16%. The ex-dividend date was Monday, February 24th. Wynn Resorts’s dividend payout ratio (DPR) is presently 23.75%.

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.