Natixis Advisors L.P. Takes $1.54 Million Position in Wynn Resorts, Limited (NASDAQ:WYNN)

Natixis Advisors L.P. acquired a new stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 13,745 shares of the casino operator’s stock, valued at approximately $1,538,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in shares of Wynn Resorts during the 1st quarter valued at $28,000. James Investment Research Inc. purchased a new stake in shares of Wynn Resorts during the 1st quarter valued at $29,000. First Horizon Advisors Inc. raised its position in shares of Wynn Resorts by 106.0% during the 4th quarter. First Horizon Advisors Inc. now owns 511 shares of the casino operator’s stock valued at $42,000 after buying an additional 263 shares in the last quarter. Garda Capital Partners LP purchased a new stake in shares of Wynn Resorts during the 1st quarter valued at $43,000. Finally, Riggs Asset Managment Co. Inc. purchased a new stake in shares of Wynn Resorts during the 1st quarter valued at $44,000. Hedge funds and other institutional investors own 61.88% of the company’s stock.

Insider Activity at Wynn Resorts

In related news, Director Patricia Mulroy sold 1,000 shares of Wynn Resorts stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $104.96, for a total transaction of $104,960.00. Following the completion of the transaction, the director now directly owns 8,067 shares of the company’s stock, valued at approximately $846,712.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.48% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

WYNN has been the topic of several recent research reports. Jefferies Financial Group lowered shares of Wynn Resorts from a “buy” rating to a “hold” rating and reduced their target price for the company from $135.00 to $114.00 in a report on Thursday, June 8th. Barclays increased their target price on shares of Wynn Resorts from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, July 21st. Wells Fargo & Company increased their target price on shares of Wynn Resorts from $134.00 to $138.00 and gave the company an “overweight” rating in a report on Thursday, July 13th. Stifel Nicolaus increased their target price on shares of Wynn Resorts from $137.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, August 10th. Finally, StockNews.com initiated coverage on shares of Wynn Resorts in a report on Thursday, August 17th. They set a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $124.50.

Wynn Resorts Trading Up 0.3 %

NASDAQ:WYNN opened at $101.64 on Monday. The company has a 50-day moving average price of $103.27 and a 200-day moving average price of $106.18. Wynn Resorts, Limited has a 12 month low of $53.81 and a 12 month high of $117.86. The stock has a market cap of $11.58 billion, a price-to-earnings ratio of -635.25 and a beta of 2.05.

Wynn Resorts (NASDAQ:WYNN) last posted its earnings results on Wednesday, August 9th. The casino operator reported $0.91 EPS for the quarter, topping the consensus estimate of $0.51 by $0.40. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the prior year, the business posted ($0.82) earnings per share. The company’s revenue for the quarter was up 75.6% on a year-over-year basis. Equities analysts forecast that Wynn Resorts, Limited will post 2.9 EPS for the current fiscal year.

Wynn Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Monday, August 21st were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 18th. This represents a $1.00 annualized dividend and a dividend yield of 0.98%. Wynn Resorts’s dividend payout ratio is -625.00%.

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.