Zurcher Kantonalbank Zurich Cantonalbank Has $5.15 Million Holdings in Wynn Resorts, Limited (NASDAQ:WYNN)

Zurcher Kantonalbank Zurich Cantonalbank decreased its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,727 shares of the casino operator’s stock after selling 1,997 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.05% of Wynn Resorts worth $5,146,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in WYNN. Fisher Asset Management LLC grew its holdings in Wynn Resorts by 70.7% in the 3rd quarter. Fisher Asset Management LLC now owns 3,971,846 shares of the casino operator’s stock valued at $380,821,000 after buying an additional 1,644,965 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Wynn Resorts by 1.5% in the third quarter. Geode Capital Management LLC now owns 2,406,260 shares of the casino operator’s stock valued at $229,945,000 after acquiring an additional 34,907 shares during the period. Charles Schwab Investment Management Inc. grew 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 valued at $82,062,000 after acquiring an additional 5,032 shares in the last quarter. Raymond James Financial Inc. bought a new position in Wynn Resorts during the fourth quarter worth about $75,872,000. Finally, Holocene Advisors LP raised its stake in Wynn Resorts by 27,868.5% in the 3rd quarter. Holocene Advisors LP now owns 757,946 shares of the casino operator’s stock worth $72,672,000 after purchasing an additional 755,236 shares in the last quarter. Institutional investors own 88.64% of the company’s stock.

Insider Activity at Wynn Resorts

In related news, Director Philip G. Satre bought 22,200 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average cost of $92.18 per share, with a total value of $2,046,396.00. Following the transaction, the director now directly owns 34,195 shares in the company, valued at approximately $3,152,095.10. This trade represents a 185.08 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.52% of the stock is owned by company insiders.

Wynn Resorts Price Performance

Shares of NASDAQ:WYNN opened at $86.18 on Friday. Wynn Resorts, Limited has a one year low of $71.63 and a one year high of $110.38. The company has a market cap of $9.17 billion, a price-to-earnings ratio of 20.47, a PEG ratio of 2.35 and a beta of 1.77. The firm has a 50 day simple moving average of $85.47 and a 200 day simple moving average of $88.55.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings results on Thursday, February 13th. The casino operator reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $1.15. Wynn Resorts had a negative return on equity of 71.17% and a net margin of 7.03%. The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.78 billion. As a group, analysts expect that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Monday, February 24th. Wynn Resorts’s dividend payout ratio is currently 23.75%.

Wall Street Analyst Weigh In

WYNN has been the topic of several recent research reports. Barclays raised their target price on shares of Wynn Resorts from $115.00 to $116.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Mizuho raised their price objective on Wynn Resorts from $118.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. Morgan Stanley cut their target price on Wynn Resorts from $105.00 to $103.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. Jefferies Financial Group upgraded Wynn Resorts from a “hold” rating to a “buy” rating and raised their price target for the stock from $105.00 to $118.00 in a research report on Tuesday, February 18th. Finally, Stifel Nicolaus upped their price objective on shares of Wynn Resorts from $123.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average 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.