Wynn Resorts, Limited (NASDAQ:WYNN) Shares Purchased by Hodges Capital Management Inc.

Hodges Capital Management Inc. lifted its position in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 6.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 231,004 shares of the casino operator's stock after purchasing an additional 13,766 shares during the quarter. Wynn Resorts comprises about 1.4% of Hodges Capital Management Inc.'s holdings, making the stock its 18th biggest holding. Hodges Capital Management Inc. owned approximately 0.21% of Wynn Resorts worth $20,675,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its holdings in shares of Wynn Resorts by 4,067.4% in the 4th quarter. International Assets Investment Management LLC now owns 7,668 shares of the casino operator's stock worth $699,000 after acquiring an additional 7,484 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of Wynn Resorts by 47.5% in the 4th quarter. Federated Hermes Inc. now owns 435 shares of the casino operator's stock valued at $40,000 after buying an additional 140 shares during the period. Truist Financial Corp raised its holdings in shares of Wynn Resorts by 6.6% in the 4th quarter. Truist Financial Corp now owns 16,094 shares of the casino operator's stock valued at $1,466,000 after buying an additional 1,002 shares during the period. Russell Investments Group Ltd. lifted its stake in Wynn Resorts by 83.1% during the 4th quarter. Russell Investments Group Ltd. now owns 22,273 shares of the casino operator's stock worth $2,034,000 after acquiring an additional 10,107 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Wynn Resorts by 359.6% during the 4th quarter. Victory Capital Management Inc. now owns 16,605 shares of the casino operator's stock valued at $1,513,000 after acquiring an additional 12,992 shares during the period. 68.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on WYNN shares. Argus raised shares of Wynn Resorts from a "hold" rating to a "buy" rating and set a $110.00 price target on the stock in a research report on Thursday, May 23rd. Stifel Nicolaus raised their price target on shares of Wynn Resorts from $135.00 to $138.00 and gave the company a "buy" rating in a research report on Wednesday, May 8th. Barclays upped their price objective on Wynn Resorts from $124.00 to $128.00 and gave the stock an "overweight" rating in a research report on Thursday, May 9th. Jefferies Financial Group reduced their price objective on Wynn Resorts from $111.00 to $96.00 and set a "hold" rating on the stock in a research note on Thursday, July 11th. Finally, Seaport Res Ptn raised Wynn Resorts from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 30th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $116.07.

Wynn Resorts Stock Up 1.6 %

WYNN traded up $1.23 on Wednesday, reaching $77.04. The company's stock had a trading volume of 2,184,029 shares, compared to its average volume of 1,933,683. The stock has a 50 day moving average of $80.42 and a two-hundred day moving average of $91.75. Wynn Resorts, Limited has a fifty-two week low of $71.63 and a fifty-two week high of $110.38. The company has a market capitalization of $8.63 billion, a price-to-earnings ratio of 10.55, a P/E/G ratio of 1.72 and a beta of 1.82.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last announced its quarterly 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). The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.74 billion. Wynn Resorts had a negative return on equity of 53.84% and a net margin of 12.22%. Wynn Resorts's revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.91 earnings per share. As a group, analysts anticipate that Wynn Resorts, Limited will post 5.56 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.00 dividend on an annualized basis and a yield of 1.30%. Wynn Resorts's dividend payout ratio is presently 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.