9,091 Shares in Wynn Resorts, Limited (NASDAQ:WYNN) Acquired by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. acquired a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 9,091 shares of the casino operator’s stock, valued at approximately $814,000.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Wynn Resorts by 1.5% in the first quarter. Vanguard Group Inc. now owns 11,028,618 shares of the casino operator’s stock valued at $1,127,456,000 after acquiring an additional 166,594 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of Wynn Resorts by 0.5% during the 4th quarter. Fisher Asset Management LLC now owns 3,931,323 shares of the casino operator’s stock worth $358,183,000 after buying an additional 20,091 shares during the period. Norges Bank bought a new stake in shares of Wynn Resorts during the fourth quarter worth approximately $157,305,000. Janus Henderson Group PLC lifted its holdings in Wynn Resorts by 22.2% in the first quarter. Janus Henderson Group PLC now owns 1,125,718 shares of the casino operator’s stock valued at $115,082,000 after buying an additional 204,852 shares during the period. Finally, Bamco Inc. NY grew its holdings in Wynn Resorts by 5.1% during the 1st quarter. Bamco Inc. NY now owns 788,335 shares of the casino operator’s stock worth $80,591,000 after acquiring an additional 38,160 shares during the period. 68.87% of the stock is currently owned by institutional investors.

Wynn Resorts Price Performance

NASDAQ:WYNN traded up $1.34 during trading hours on Wednesday, reaching $77.36. 2,302,078 shares of the stock were exchanged, compared to its average volume of 1,930,558. The stock has a market cap of $8.67 billion, a PE ratio of 10.60, a PEG ratio of 1.70 and a beta of 1.82. Wynn Resorts, Limited has a twelve month low of $71.63 and a twelve month high of $110.38. The firm has a 50 day moving average of $83.19 and a 200 day moving average of $93.75.

Wynn Resorts (NASDAQ:WYNN) last announced its earnings results on Tuesday, August 6th. The casino operator reported $1.12 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.02). Wynn Resorts had a negative return on equity of 53.84% and a net margin of 12.22%. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the company posted $0.91 EPS. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. Equities research analysts anticipate that Wynn Resorts, Limited will post 5.59 earnings per share for the current year.

Wynn Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Monday, August 19th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Monday, August 19th. Wynn Resorts’s payout ratio is 13.70%.

Insider Activity at Wynn Resorts

In related news, Director Betsy S. Atkins sold 2,446 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $94.39, for a total transaction of $230,877.94. Following the completion of the transaction, the director now directly owns 9,226 shares of the company’s stock, valued at $870,842.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.52% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on WYNN shares. Deutsche Bank Aktiengesellschaft dropped their price objective on Wynn Resorts from $131.00 to $122.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. StockNews.com cut Wynn Resorts from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Stifel Nicolaus increased their price target on shares of Wynn Resorts from $135.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Morgan Stanley decreased their price objective on shares of Wynn Resorts from $115.00 to $107.00 and set an “equal weight” rating for the company in a report on Friday, July 12th. Finally, Barclays increased their target price on shares of Wynn Resorts from $124.00 to $128.00 and gave the stock an “overweight” rating in a report on Thursday, May 9th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $116.73.

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.