Signature Estate & Investment Advisors LLC Takes $1.51 Million Position in Wynn Resorts, Limited (NASDAQ:WYNN)

Signature Estate & Investment Advisors LLC acquired a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 17,544 shares of the casino operator’s stock, valued at approximately $1,512,000.

Other large investors have also bought and sold shares of the company. Stevens Capital Management LP bought a new position in shares of Wynn Resorts in the fourth quarter worth about $208,000. Fox Run Management L.L.C. bought a new position in Wynn Resorts in the 4th quarter valued at approximately $1,160,000. Virtu Financial LLC acquired a new stake in Wynn Resorts in the fourth quarter valued at approximately $2,942,000. Northwest & Ethical Investments L.P. grew its stake in shares of Wynn Resorts by 63.3% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 2,450 shares of the casino operator’s stock worth $211,000 after buying an additional 950 shares during the last quarter. Finally, Blueshift Asset Management LLC acquired a new position in shares of Wynn Resorts during the fourth quarter worth $533,000. 88.64% of the stock is owned by institutional investors and hedge funds.

Wynn Resorts Price Performance

Shares of NASDAQ:WYNN opened at $86.03 on Wednesday. Wynn Resorts, Limited has a 1 year low of $71.63 and a 1 year high of $110.38. The business’s 50-day moving average is $85.86 and its 200-day moving average is $89.13. The company has a market capitalization of $9.13 billion, a price-to-earnings ratio of 20.43, a P/E/G ratio of 2.35 and a beta of 1.77.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings results on Thursday, February 13th. The casino operator reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $1.15. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.78 billion. Wynn Resorts had a negative return on equity of 71.17% and a net margin of 7.03%. Analysts anticipate that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were paid a $0.25 dividend. 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 currently 23.75%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Macquarie restated an “outperform” rating and set a $115.00 price objective on shares of Wynn Resorts in a research report on Friday, February 14th. Barclays boosted their price target on Wynn Resorts from $115.00 to $116.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Morgan Stanley dropped their price objective on shares of Wynn Resorts from $105.00 to $103.00 and set an “overweight” rating for the company in a report on Monday, February 24th. Stifel Nicolaus boosted their target price on shares of Wynn Resorts from $123.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Finally, StockNews.com downgraded shares of Wynn Resorts from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Wynn Resorts has a consensus rating of “Moderate Buy” and an average price target of $119.58.

Insider Activity

In other news, major shareholder Tilman J. Fertitta acquired 5,025 shares of Wynn Resorts stock in a transaction on Friday, March 21st. The stock was purchased at an average price of $80.99 per share, with a total value of $406,974.75. Following the completion of the purchase, the insider now owns 10,905,025 shares of the company’s stock, valued at approximately $883,197,974.75. The trade was a 0.05 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Philip G. Satre bought 22,200 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased 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 owns 34,195 shares in the company, valued at $3,152,095.10. This represents a 185.08 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 38,700 shares of company stock worth $3,427,943. 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.