Oxford Asset Management LLP Makes New $742,000 Investment in Wynn Resorts, Limited (NASDAQ:WYNN)

Oxford Asset Management LLP acquired a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,611 shares of the casino operator’s stock, valued at approximately $742,000.

A number of other hedge funds have also bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Wynn Resorts by 18.4% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,125,668 shares of the casino operator’s stock worth $269,308,000 after buying an additional 485,204 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Wynn Resorts by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 2,433,052 shares of the casino operator’s stock worth $209,120,000 after purchasing an additional 26,792 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Wynn Resorts by 16.4% in the 4th quarter. Renaissance Technologies LLC now owns 1,616,756 shares of the casino operator’s stock worth $139,300,000 after acquiring an additional 228,000 shares in the last quarter. Norges Bank purchased a new stake in shares of Wynn Resorts during the fourth quarter valued at approximately $117,352,000. Finally, Charles Schwab Investment Management Inc. grew its position in Wynn Resorts by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 952,442 shares of the casino operator’s stock valued at $82,062,000 after buying an additional 5,032 shares during the period. Institutional investors own 88.64% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on WYNN shares. StockNews.com cut shares of Wynn Resorts from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Barclays decreased their price objective on Wynn Resorts from $116.00 to $99.00 and set an “overweight” rating on the stock in a research note on Tuesday. Jefferies Financial Group raised Wynn Resorts from a “hold” rating to a “buy” rating and lifted their target price for the company from $105.00 to $118.00 in a report on Tuesday, February 18th. Macquarie restated an “outperform” rating and issued a $115.00 price objective on shares of Wynn Resorts in a research report on Friday, February 14th. Finally, Mizuho raised their price target 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. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $118.17.

Insider Transactions at Wynn Resorts

In related news, Director Philip G. Satre purchased 22,200 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average price of $92.18 per share, with a total value of $2,046,396.00. Following the acquisition, the director now directly owns 34,195 shares in the company, valued at $3,152,095.10. The trade was a 185.08 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Tilman J. Fertitta acquired 100,000 shares of the stock in a transaction that occurred on Monday, April 7th. The shares were bought at an average price of $67.62 per share, for a total transaction of $6,762,000.00. Following the transaction, the insider now owns 13,000,000 shares of the company’s stock, valued at $879,060,000. This trade represents a 0.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 438,700 shares of company stock valued at $31,300,943 in the last quarter. 0.52% of the stock is owned by insiders.

Wynn Resorts Stock Up 0.6 %

Shares of Wynn Resorts stock opened at $82.11 on Friday. The company’s fifty day simple moving average is $82.06 and its two-hundred day simple moving average is $87.12. The firm has a market cap of $8.72 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 2.35 and a beta of 1.53. Wynn Resorts, Limited has a 12-month low of $65.25 and a 12-month high of $107.81.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings data on Thursday, February 13th. The casino operator reported $2.42 EPS for the quarter, beating 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 business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.78 billion. As a group, sell-side analysts expect that Wynn Resorts, Limited will post 5.17 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.22%. Wynn Resorts’s dividend payout ratio is currently 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.