Charles Schwab Investment Management Inc. Has $82.06 Million Stock Holdings in Wynn Resorts, Limited (NASDAQ:WYNN)

Charles Schwab Investment Management Inc. boosted its stake in Wynn Resorts, Limited (NASDAQ:WYNN) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 952,442 shares of the casino operator’s stock after purchasing an additional 5,032 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.87% of Wynn Resorts worth $82,062,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of WYNN. Fisher Asset Management LLC grew its holdings in Wynn Resorts by 70.7% in the third quarter. Fisher Asset Management LLC now owns 3,971,846 shares of the casino operator’s stock worth $380,821,000 after purchasing an additional 1,644,965 shares during the period. Holocene Advisors LP grew its holdings in shares of Wynn Resorts by 27,868.5% during the third quarter. Holocene Advisors LP now owns 757,946 shares of the casino operator’s stock valued at $72,672,000 after buying an additional 755,236 shares during the last quarter. Eagle Asset Management Inc. acquired a new position in shares of Wynn Resorts during the third quarter valued at about $58,486,000. Weiss Asset Management LP acquired a new position in shares of Wynn Resorts during the third quarter valued at about $19,753,000. Finally, Regal Partners Ltd grew its holdings in shares of Wynn Resorts by 24.0% during the third quarter. Regal Partners Ltd now owns 898,705 shares of the casino operator’s stock valued at $86,168,000 after buying an additional 174,005 shares during the last quarter. 88.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Wynn Resorts news, Director Philip G. Satre purchased 22,200 shares of the stock in a transaction dated Tuesday, February 18th. The shares were bought 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 trade represents a 185.08 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.52% of the company’s stock.

Wynn Resorts Stock Performance

Shares of WYNN stock opened at $88.42 on Tuesday. The firm has a market cap of $9.41 billion, a price-to-earnings ratio of 21.00, a P/E/G ratio of 2.35 and a beta of 1.77. Wynn Resorts, Limited has a 52 week low of $71.63 and a 52 week high of $110.38. The firm’s 50-day simple moving average is $85.41 and its two-hundred day simple moving average is $88.47.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings data on Thursday, February 13th. The casino operator reported $2.42 EPS for the quarter, topping the consensus estimate of $1.27 by $1.15. The business 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%. Analysts forecast that Wynn Resorts, Limited will post 5.17 earnings per share for the current year.

Wynn Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Monday, February 24th. Wynn Resorts’s dividend payout ratio (DPR) is currently 23.75%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on WYNN shares. Jefferies Financial Group upgraded shares of Wynn Resorts from a “hold” rating to a “buy” rating and lifted their price objective for the company from $105.00 to $118.00 in a report on Tuesday, February 18th. Mizuho lifted their price objective 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. StockNews.com lowered shares of Wynn Resorts from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Stifel Nicolaus raised their price target on shares of Wynn Resorts from $123.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Finally, Macquarie reissued an “outperform” rating and set a $115.00 price target on shares of Wynn Resorts in a research report on Friday, February 14th. Two equities research 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.