LVM Capital Management Ltd. MI bought a new position in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,170 shares of the casino operator's stock, valued at approximately $532,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Regal Partners Ltd increased its holdings in shares of Wynn Resorts by 24.0% in the 3rd quarter. Regal Partners Ltd now owns 898,705 shares of the casino operator's stock worth $86,168,000 after purchasing an additional 174,005 shares in the last quarter. Wellington Management Group LLP increased its holdings in Wynn Resorts by 90.6% in the 3rd quarter. Wellington Management Group LLP now owns 115,707 shares of the casino operator's stock worth $11,094,000 after buying an additional 54,995 shares in the last quarter. Crystal Rock Capital Management purchased a new position in Wynn Resorts in the 3rd quarter worth about $719,000. MBB Public Markets I LLC bought a new position in Wynn Resorts during the 2nd quarter valued at about $698,000. Finally, APG Asset Management N.V. boosted its holdings in shares of Wynn Resorts by 231.0% during the 2nd quarter. APG Asset Management N.V. now owns 11,176 shares of the casino operator's stock valued at $933,000 after acquiring an additional 7,800 shares during the last quarter. Institutional investors own 88.64% of the company's stock.
Wynn Resorts Trading Down 0.0 %
Wynn Resorts stock traded down $0.02 during mid-day trading on Friday, hitting $81.15. The stock had a trading volume of 2,654,222 shares, compared to its average volume of 2,407,570. The firm's 50 day moving average is $89.78 and its 200 day moving average is $87.21. The firm has a market capitalization of $8.91 billion, a P/E ratio of 10.01, a P/E/G ratio of 3.46 and a beta of 1.77. Wynn Resorts, Limited has a one year low of $71.63 and a one year high of $110.38.
Wynn Resorts (NASDAQ:WYNN - Get Free Report) last released its earnings results on Monday, November 4th. The casino operator reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.11). Wynn Resorts had a negative return on equity of 61.16% and a net margin of 13.37%. The business had revenue of $1.69 billion for the quarter, compared to analysts' expectations of $1.73 billion. During the same quarter in the prior year, the business posted $0.99 EPS. The business's revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, equities research analysts forecast that Wynn Resorts, Limited will post 4.79 earnings per share for the current year.
Wynn Resorts Dividend Announcement
The business also recently announced 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. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.23%. Wynn Resorts's dividend payout ratio is 12.33%.
Analyst Upgrades and Downgrades
WYNN has been the subject of a number of research analyst reports. Macquarie reaffirmed an "outperform" rating and issued a $120.00 target price on shares of Wynn Resorts in a research report on Tuesday, November 5th. Stifel Nicolaus cut their price objective on Wynn Resorts from $121.00 to $103.00 and set a "buy" rating for the company in a report on Friday, September 13th. Morgan Stanley increased their target price on Wynn Resorts from $112.00 to $115.00 and gave the company an "overweight" rating in a report on Tuesday, October 22nd. Wells Fargo & Company cut their price target on Wynn Resorts from $125.00 to $122.00 and set an "overweight" rating for the company in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Wynn Resorts from $122.00 to $118.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. Four investment 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 company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $116.36.
Get Our Latest Stock Analysis on Wynn Resorts
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 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.
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