SBI Securities Co. Ltd. Makes New $36,000 Investment in Wynn Resorts, Limited (NASDAQ:WYNN)

SBI Securities Co. Ltd. purchased a new position in Wynn Resorts, Limited (NASDAQ:WYNN) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 420 shares of the casino operator’s stock, valued at approximately $36,000.

Other hedge funds have also made changes to their positions in the company. Regal Partners Ltd lifted its holdings in shares of Wynn Resorts by 24.0% in the 3rd quarter. Regal Partners Ltd now owns 898,705 shares of the casino operator’s stock worth $86,168,000 after purchasing an additional 174,005 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Wynn Resorts by 90.6% in the 3rd quarter. Wellington Management Group LLP now owns 115,707 shares of the casino operator’s stock worth $11,094,000 after purchasing an additional 54,995 shares during the last quarter. Crystal Rock Capital Management bought a new stake in shares of Wynn Resorts in the 3rd quarter worth approximately $719,000. Empirical Asset Management LLC bought a new stake in shares of Wynn Resorts in the 4th quarter worth approximately $903,000. Finally, ARGA Investment Management LP acquired a new stake in Wynn Resorts in the 3rd quarter valued at approximately $2,174,000. Institutional investors own 88.64% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Stifel Nicolaus raised their target price on Wynn Resorts from $123.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Barclays raised their target price on Wynn Resorts from $115.00 to $116.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Jefferies Financial Group upgraded Wynn Resorts from a “hold” rating to a “buy” rating and raised their target price for the company from $105.00 to $118.00 in a research report on Tuesday, February 18th. Macquarie restated an “outperform” rating and issued a $115.00 target price on shares of Wynn Resorts in a research report on Friday, February 14th. Finally, StockNews.com cut Wynn Resorts from a “buy” rating to a “hold” rating in a research report on Wednesday. Two investment 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 stock. Based on data from MarketBeat, Wynn Resorts has an average rating of “Moderate Buy” and an average price target of $119.58.

Wynn Resorts Stock Down 1.2 %

Shares of NASDAQ WYNN opened at $87.38 on Wednesday. The stock has a market capitalization of $9.30 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 2.35 and a beta of 1.77. The stock’s fifty day simple moving average is $85.43 and its 200 day simple moving average is $88.54. Wynn Resorts, Limited has a 52-week low of $71.63 and a 52-week high of $110.38.

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

Wynn Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were given a $0.25 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.00 annualized dividend and a dividend yield of 1.14%. Wynn Resorts’s dividend payout ratio (DPR) is presently 23.75%.

Insider Transactions at Wynn Resorts

In other Wynn Resorts news, Director Philip G. Satre bought 22,200 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average price of $92.18 per share, with a total value of $2,046,396.00. Following the completion of the transaction, the director now directly owns 34,195 shares in the company, valued at approximately $3,152,095.10. This represents a 185.08 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.52% of the stock is currently owned by insiders.

About Wynn Resorts

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.