Chiron Investment Management LLC Invests $850,000 in Wynn Resorts, Limited (NASDAQ:WYNN)

Chiron Investment Management LLC acquired a new stake in Wynn Resorts, Limited (NASDAQ:WYNN) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,869 shares of the casino operator’s stock, valued at approximately $850,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC increased its stake in Wynn Resorts by 1,157.9% during the second quarter. SG Americas Securities LLC now owns 29,447 shares of the casino operator’s stock valued at $2,636,000 after purchasing an additional 27,106 shares during the last quarter. Czech National Bank lifted its holdings in shares of Wynn Resorts by 7.3% in the 2nd quarter. Czech National Bank now owns 17,995 shares of the casino operator’s stock worth $1,611,000 after purchasing an additional 1,230 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Wynn Resorts by 26.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,632 shares of the casino operator’s stock worth $683,000 after buying an additional 1,581 shares during the last quarter. V Square Quantitative Management LLC increased its position in Wynn Resorts by 14.0% in the second quarter. V Square Quantitative Management LLC now owns 2,368 shares of the casino operator’s stock worth $212,000 after buying an additional 290 shares during the period. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in Wynn Resorts in the second quarter valued at $705,000. Institutional investors and hedge funds own 88.64% of the company’s stock.

Insider Activity

In related news, Director Patricia Mulroy sold 2,650 shares of Wynn Resorts stock in a transaction on Monday, September 16th. The shares were sold at an average price of $78.73, for a total value of $208,634.50. Following the transaction, the director now owns 5,689 shares in the company, valued at $447,894.97. This trade represents a 31.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.52% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

WYNN has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Wynn Resorts from $122.00 to $118.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price target on Wynn Resorts from $101.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Macquarie restated an “outperform” rating and issued a $120.00 target price on shares of Wynn Resorts in a research report on Tuesday, November 5th. Morgan Stanley boosted their price target on Wynn Resorts from $112.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Finally, UBS Group upgraded shares of Wynn Resorts to a “hold” rating in a research note on Friday, August 23rd. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Wynn Resorts presently has an average rating of “Moderate Buy” and an average price target of $115.71.

Wynn Resorts Trading Down 1.0 %

WYNN stock opened at $94.95 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 50-day moving average of $95.54 and a two-hundred day moving average of $87.79. The firm has a market capitalization of $10.43 billion, a PE ratio of 11.71, a P/E/G ratio of 3.45 and a beta of 1.78.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings data on Monday, November 4th. The casino operator reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.11). The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.73 billion. Wynn Resorts had a negative return on equity of 61.16% and a net margin of 13.37%. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.99 earnings per share. On average, equities research analysts anticipate that Wynn Resorts, Limited will post 4.79 earnings per share for the current year.

Wynn Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend was Friday, November 15th. Wynn Resorts’s payout ratio is presently 12.33%.

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.