Candriam S.C.A. Buys Shares of 6,482 Wynn Resorts, Limited (NASDAQ:WYNN)

Candriam S.C.A. bought a new stake in Wynn Resorts, Limited (NASDAQ:WYNN) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,482 shares of the casino operator’s stock, valued at approximately $558,000.

Several other large investors have also recently bought and sold shares of the company. IHT Wealth Management LLC raised its position in Wynn Resorts by 1.7% in the third quarter. IHT Wealth Management LLC now owns 6,766 shares of the casino operator’s stock valued at $654,000 after purchasing an additional 112 shares during the last quarter. Fifth Third Bancorp raised its position in Wynn Resorts by 5.8% in the fourth quarter. Fifth Third Bancorp now owns 2,183 shares of the casino operator’s stock valued at $188,000 after purchasing an additional 119 shares during the last quarter. Venturi Wealth Management LLC raised its position in Wynn Resorts by 15.0% in the fourth quarter. Venturi Wealth Management LLC now owns 936 shares of the casino operator’s stock valued at $81,000 after purchasing an additional 122 shares during the last quarter. Metis Global Partners LLC raised its position in Wynn Resorts by 5.0% in the fourth quarter. Metis Global Partners LLC now owns 3,197 shares of the casino operator’s stock valued at $275,000 after purchasing an additional 152 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Wynn Resorts by 1.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,798 shares of the casino operator’s stock worth $844,000 after acquiring an additional 176 shares during the last quarter. 88.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Wynn Resorts

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

Wynn Resorts Stock Performance

Shares of Wynn Resorts stock opened at $88.42 on Tuesday. Wynn Resorts, Limited has a 52 week low of $71.63 and a 52 week high of $110.38. The stock has a 50 day moving average price of $85.41 and a two-hundred day moving average price of $88.47. The stock has a market capitalization of $9.41 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 2.35 and a beta of 1.77.

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 analysts’ consensus estimates 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 firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Research analysts forecast that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were paid a $0.25 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.00 dividend on an annualized basis and a yield of 1.13%. Wynn Resorts’s dividend payout ratio (DPR) is presently 23.75%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on WYNN. StockNews.com downgraded Wynn Resorts from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Mizuho raised their price objective on Wynn Resorts from $118.00 to $132.00 and gave the stock an “outperform” 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 price objective for the stock from $105.00 to $118.00 in a research report on Tuesday, February 18th. Stifel Nicolaus raised their price objective on Wynn Resorts from $123.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, Morgan Stanley lowered their price objective on Wynn Resorts from $105.00 to $103.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. Two 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 data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.