Wynn Resorts, Limited (NASDAQ:WYNN) Shares Bought by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. grew its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 79.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 33,828 shares of the casino operator’s stock after buying an additional 15,017 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Wynn Resorts were worth $2,915,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Keybank National Association OH grew its stake in Wynn Resorts by 137.6% during the 4th quarter. Keybank National Association OH now owns 33,402 shares of the casino operator’s stock worth $2,878,000 after buying an additional 19,346 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Wynn Resorts by 0.5% during 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 last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Wynn Resorts during the fourth quarter worth approximately $36,000. Metis Global Partners LLC increased its holdings in shares of Wynn Resorts by 5.0% in the 4th quarter. Metis Global Partners LLC now owns 3,197 shares of the casino operator’s stock valued at $275,000 after acquiring an additional 152 shares during the period. Finally, U S Global Investors Inc. raised its position in Wynn Resorts by 103.8% in the 4th quarter. U S Global Investors Inc. now owns 10,600 shares of the casino operator’s stock valued at $913,000 after purchasing an additional 5,400 shares during the last quarter. Institutional investors and hedge funds own 88.64% of the company’s stock.

Wynn Resorts Stock Performance

Shares of NASDAQ WYNN opened at $87.10 on Wednesday. Wynn Resorts, Limited has a one year low of $71.63 and a one year high of $110.38. The firm has a market capitalization of $9.27 billion, a P/E ratio of 20.69, a PEG ratio of 2.35 and a beta of 1.76. The company’s fifty day moving average is $85.34 and its two-hundred day moving average is $88.13.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings data on Thursday, February 13th. The casino operator reported $2.42 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $1.15. Wynn Resorts had a net margin of 7.03% and a negative return on equity of 71.17%. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.78 billion. On average, sell-side analysts forecast that Wynn Resorts, Limited will post 5.17 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, February 24th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Monday, February 24th. Wynn Resorts’s dividend payout ratio is currently 23.75%.

Analysts Set New Price Targets

A number of research analysts have commented on WYNN shares. Macquarie restated an “outperform” rating and issued a $115.00 price objective on shares of Wynn Resorts in a research note on Friday, February 14th. Deutsche Bank Aktiengesellschaft dropped their price target on Wynn Resorts from $122.00 to $118.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Mizuho upped their price objective on Wynn Resorts from $118.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. Barclays lifted their target price on Wynn Resorts from $115.00 to $116.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Finally, Stifel Nicolaus upped their price target on Wynn Resorts from $123.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $119.58.

Insider Activity at Wynn Resorts

In other Wynn Resorts news, Director Philip G. Satre acquired 22,200 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average cost of $92.18 per share, for a total transaction of $2,046,396.00. Following the transaction, the director now directly owns 34,195 shares of the company’s stock, valued at approximately $3,152,095.10. This represents a 185.08 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.52% of the stock is currently owned by company 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.