2,183 Shares in Wynn Resorts, Limited (NASDAQ:WYNN) Purchased by Acadian Asset Management LLC

Acadian Asset Management LLC bought a new stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,183 shares of the casino operator’s stock, valued at approximately $194,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in shares of Wynn Resorts during the second quarter valued at approximately $25,000. ICA Group Wealth Management LLC purchased a new stake in Wynn Resorts during the 4th quarter valued at $27,000. Register Financial Advisors LLC bought a new position in shares of Wynn Resorts during the 1st quarter valued at $37,000. Neo Ivy Capital Management purchased a new position in shares of Wynn Resorts in the 4th quarter worth $40,000. Finally, Versant Capital Management Inc bought a new stake in shares of Wynn Resorts in the second quarter worth $51,000. Institutional investors own 68.87% of the company’s stock.

Insider Transactions at Wynn Resorts

In related news, Director Patricia Mulroy sold 2,650 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $78.73, for a total transaction of $208,634.50. Following the completion of the transaction, the director now directly owns 5,689 shares of the company’s stock, valued at $447,894.97. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.52% of the company’s stock.

Wynn Resorts Trading Down 0.6 %

NASDAQ WYNN opened at $79.71 on Friday. Wynn Resorts, Limited has a 12 month low of $71.63 and a 12 month high of $110.38. The stock has a market cap of $8.85 billion, a PE ratio of 10.84, a P/E/G ratio of 2.04 and a beta of 1.80. The stock’s 50 day moving average is $78.45 and its 200 day moving average is $89.88.

Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Tuesday, August 6th. The casino operator reported $1.12 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.02). The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Wynn Resorts had a negative return on equity of 53.84% and a net margin of 12.22%. Wynn Resorts’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the firm posted $0.91 EPS. On average, analysts forecast that Wynn Resorts, Limited will post 5.44 EPS for the current fiscal year.

Wynn Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were given a dividend of $0.25 per share. The ex-dividend date was Monday, August 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.25%. Wynn Resorts’s payout ratio is 13.70%.

Wall Street Analyst Weigh In

WYNN has been the topic of a number of recent research reports. Wells Fargo & Company lowered their target price on Wynn Resorts from $126.00 to $115.00 and set an “overweight” rating on the stock in a report on Wednesday, August 7th. StockNews.com downgraded shares of Wynn Resorts from a “buy” rating to a “hold” rating in a report on Tuesday. Morgan Stanley cut their target price on shares of Wynn Resorts from $107.00 to $97.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 4th. Macquarie reiterated an “outperform” rating and issued a $126.00 price target on shares of Wynn Resorts in a research report on Wednesday, August 7th. Finally, Jefferies Financial Group cut their price objective on shares of Wynn Resorts from $111.00 to $96.00 and set a “hold” rating for the company in a research report on Thursday, July 11th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $113.73.

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.