Y Intercept Hong Kong Ltd Makes New Investment in Wynn Resorts, Limited (NASDAQ:WYNN)

Y Intercept Hong Kong Ltd purchased a new stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 11,721 shares of the casino operator’s stock, valued at approximately $1,010,000.

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in shares of Wynn Resorts by 556.0% during the 3rd quarter. Blue Trust Inc. now owns 551 shares of the casino operator’s stock worth $49,000 after acquiring an additional 467 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Wynn Resorts by 24,083.8% during the third quarter. International Assets Investment Management LLC now owns 68,682 shares of the casino operator’s stock worth $6,585,000 after purchasing an additional 68,398 shares during the last quarter. Allworth Financial LP lifted its stake in Wynn Resorts by 17.5% during the third quarter. Allworth Financial LP now owns 895 shares of the casino operator’s stock worth $86,000 after purchasing an additional 133 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Wynn Resorts by 63.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,583 shares of the casino operator’s stock worth $740,000 after purchasing an additional 2,954 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its position in shares of Wynn Resorts by 3.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 12,356 shares of the casino operator’s stock valued at $1,231,000 after purchasing an additional 398 shares during the last quarter. 88.64% of the stock is currently owned by institutional investors.

Wynn Resorts Price Performance

Shares of NASDAQ WYNN opened at $88.19 on Friday. 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 $85.35 and its two-hundred day moving average is $87.66. The stock has a market capitalization of $9.38 billion, a P/E ratio of 20.95, a PEG ratio of 2.35 and a beta of 1.76.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings data on Thursday, February 13th. The casino operator reported $2.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $1.15. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.78 billion. Wynn Resorts had a net margin of 7.03% and a negative return on equity of 71.17%. As a group, equities research analysts anticipate that Wynn Resorts, Limited will post 5.17 earnings per share for the current fiscal year.

Wynn Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Monday, February 24th. Wynn Resorts’s dividend payout ratio (DPR) is 23.75%.

Insider Activity

In other news, Director Philip G. Satre bought 22,200 shares of the stock in a transaction on Tuesday, February 18th. The stock was bought at an average cost of $92.18 per share, for a total transaction of $2,046,396.00. Following the completion of the purchase, the director now directly owns 34,195 shares in the company, valued at approximately $3,152,095.10. The trade was a 185.08 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Macquarie reissued an “outperform” rating and issued a $115.00 price target on shares of Wynn Resorts in a research note on Friday, February 14th. Jefferies Financial Group raised Wynn Resorts from a “hold” rating to a “buy” rating and raised their price objective for the company from $105.00 to $118.00 in a research note on Tuesday, February 18th. Barclays lifted their price objective on Wynn Resorts from $115.00 to $116.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Finally, StockNews.com cut Wynn Resorts from a “buy” rating to a “hold” rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $119.58.

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.