BNP PARIBAS ASSET MANAGEMENT Holding S.A. Purchases 6,784 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 116.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,629 shares of the casino operator's stock after buying an additional 6,784 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s holdings in Wynn Resorts were worth $1,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. ICA Group Wealth Management LLC bought a new stake in shares of Wynn Resorts in the 4th quarter valued at about $27,000. Register Financial Advisors LLC purchased a new position in Wynn Resorts in the 1st quarter worth approximately $37,000. Federated Hermes Inc. lifted its position in Wynn Resorts by 47.5% in the fourth quarter. Federated Hermes Inc. now owns 435 shares of the casino operator's stock valued at $40,000 after purchasing an additional 140 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Wynn Resorts during the fourth quarter valued at approximately $40,000. Finally, Versant Capital Management Inc bought a new position in shares of Wynn Resorts in the second quarter worth approximately $51,000. 68.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. UBS Group upgraded shares of Wynn Resorts to a "hold" rating in a report on Friday, August 23rd. StockNews.com cut Wynn Resorts from a "buy" rating to a "hold" rating in a research note on Wednesday, August 7th. Stifel Nicolaus upped their target price on Wynn Resorts from $135.00 to $138.00 and gave the company a "buy" rating in a report on Wednesday, May 8th. Macquarie reaffirmed an "outperform" rating and issued a $126.00 target price on shares of Wynn Resorts in a research report on Wednesday, August 7th. Finally, Morgan Stanley reduced their price target on shares of Wynn Resorts from $115.00 to $107.00 and set an "equal weight" rating on the stock in a research report on Friday, July 12th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $116.73.

Wynn Resorts Price Performance

Shares of Wynn Resorts stock traded down $1.07 during trading on Tuesday, hitting $75.81. 2,035,685 shares of the company's stock traded hands, compared to its average volume of 1,932,217. Wynn Resorts, Limited has a 1 year low of $71.63 and a 1 year high of $110.38. The business has a 50-day simple moving average of $80.89 and a 200-day simple moving average of $92.06. The stock has a market capitalization of $8.50 billion, a P/E ratio of 10.47, a PEG ratio of 1.72 and a beta of 1.82.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The casino operator reported $1.12 earnings per share for the quarter, missing analysts' consensus estimates of $1.14 by ($0.02). Wynn Resorts had a net margin of 12.22% and a negative return on equity of 53.84%. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the company earned $0.91 EPS. The firm's revenue for the quarter was up 8.4% on a year-over-year basis. On average, equities analysts predict that Wynn Resorts, Limited will post 5.56 earnings per share for the current fiscal year.

Wynn Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Monday, August 19th. Wynn Resorts's payout ratio is currently 13.70%.

Wynn Resorts Profile

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.