Mark Asset Management LP owns $19.08 million in Wynn Resorts, Limited (NASDAQ:WYNN)

Mark Asset Management LP raised its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN – Free Report) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. . The fund owned 213,168 shares of the casino operator’s stock after acquiring an additional 585 shares during the quarter. Wynn Resorts comprises 1.9% of Mark Asset Management LP’s portfolio, making the stock its 13th biggest holding. Mark Asset Management LP owned 0.19% of Wynn Resorts worth $19,079,000 as of its most recent SEC filing.

Several other hedge funds have added to or reduced their stakes in WYNN. International Assets Investment Management LLC bought a new stake in Wynn Resorts in the second quarter valued at $25,000. ICA Group Wealth Management LLC purchased a new position in shares of Wynn Resorts in the fourth quarter valued at approximately $27,000. Register Financial Advisors LLC bought a new position in Wynn Resorts in the first quarter worth about $37,000. Neo Ivy Capital Management purchased a new stake in Wynn Resorts in the 4th quarter valued at approximately $40,000. Finally, Versant Capital Management Inc bought a new stake in Wynn Resorts in the second quarter valued at approximately $51,000. Institutional investors and hedge funds own 68.87% of the company’s shares.

Insiders place their bets

In other news, Director Patricia Mulroy sold 2,650 shares of the company’s 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 sale, the director now directly owns 5,689 shares of the company’s stock, valued at approximately $447,894.97. The transaction was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Company insiders own 0.52% of the company’s shares.

Wynn Resorts stock performance

Shares of WYNN stock opened at $91.03 on Friday. Wynn Resorts, Limited has a 52-week low of $71.63 and a 52-week high of $110.38. The company has a market cap of $10.20 billion, a P/E ratio of 12.47, a PEG ratio of 2.17 and a beta of 1.80. The company has a fifty day moving average price of $78.34 and a 200 day moving average price of $89.32.

Wynn Resorts (NASDAQ:WYNN – Get Free Report ) 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 company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.74 billion. In the same period last year, the firm posted earnings of $0.91 per share. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Wynn Resorts, Limited will post 5.44 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were given a dividend of $0.25 per share. This represents a dividend of $1.00 on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Monday, August 19. Wynn Resorts’ dividend payout ratio is currently 13.70%.

Analysts set new price targets

WYNN has been the subject of several analyst reports. JPMorgan Chase & Co. dropped their target price on shares of Wynn Resorts from $110.00 to $101.00 and set an “overweight” rating for the company in a research report on Wednesday, August 7th. Seaport Res Ptn upgraded Wynn Resorts from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 30th. Jefferies Financial Group cut their price target on Wynn Resorts from $111.00 to $96.00 and set a “hold” rating on the stock in a research report on Thursday, July 11th. Morgan Stanley decreased their price objective on shares of Wynn Resorts from $107.00 to $97.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 4th. Finally, UBS Group raised shares of Wynn Resorts to a “hold” rating in a report on Friday, August 23rd. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $113.73.

Check out our latest analysis on WYNN

Wynn Resorts Profile

(Free Report)

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 lounges and sky casinos; a luxury hotel tower with apartments and villas, including a health club, spa, salon and swimming pool; food and drink stores; retail space; space for meetings and conventions; and floral art and performance lacquer shows.

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