26,343 Shares in Wynn Resorts, Limited (NASDAQ:WYNN) Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new stake in Wynn Resorts, Limited (NASDAQ:WYNN) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 26,343 shares of the casino operator’s stock, valued at approximately $2,270,000. Wynn Resorts accounts for approximately 0.4% of Dynamic Technology Lab Private Ltd’s portfolio, making the stock its 18th biggest position.

Other hedge funds also recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC raised its position in Wynn Resorts by 18.4% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,125,668 shares of the casino operator’s stock worth $269,308,000 after purchasing an additional 485,204 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Wynn Resorts by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 2,433,052 shares of the casino operator’s stock valued at $209,120,000 after buying an additional 26,792 shares during the period. Norges Bank bought a new position in shares of Wynn Resorts during the fourth quarter worth about $117,352,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Wynn Resorts by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 952,442 shares of the casino operator’s stock worth $82,062,000 after acquiring an additional 5,032 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Wynn Resorts in the fourth quarter valued at approximately $75,872,000. Institutional investors and hedge funds own 88.64% of the company’s stock.

Wynn Resorts Price Performance

Shares of NASDAQ WYNN opened at $70.09 on Friday. The company has a 50-day moving average price of $85.25 and a 200-day moving average price of $89.16. The stock has a market capitalization of $7.44 billion, a P/E ratio of 16.65, a P/E/G ratio of 2.35 and a beta of 1.53. Wynn Resorts, Limited has a 1 year low of $66.20 and a 1 year high of $108.50.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings results on Thursday, February 13th. The casino operator reported $2.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $1.15. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate 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, 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.43%. The ex-dividend date was Monday, February 24th. Wynn Resorts’s dividend payout ratio (DPR) is presently 23.75%.

Insiders Place Their Bets

In other news, major shareholder Tilman J. Fertitta purchased 5,025 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The shares were bought at an average cost of $80.99 per share, with a total value of $406,974.75. Following the completion of the transaction, the insider now directly owns 10,905,025 shares of the company’s stock, valued at approximately $883,197,974.75. This trade represents a 0.05 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 cost 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 $3,152,095.10. This represents a 185.08 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 38,700 shares of company stock valued at $3,427,943 in the last three months. 0.52% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Macquarie restated an “outperform” rating and set a $115.00 price target on shares of Wynn Resorts in a report on Friday, February 14th. Barclays lifted their target price on shares of Wynn Resorts from $115.00 to $116.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Mizuho lifted 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. StockNews.com lowered Wynn Resorts from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Finally, Jefferies Financial Group upgraded Wynn Resorts from a “hold” rating to a “buy” rating and lifted their target price for the stock from $105.00 to $118.00 in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.58.

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.