Oak Thistle LLC purchased a new stake in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 35,844 shares of the casino operator's stock, valued at approximately $3,088,000. Wynn Resorts accounts for about 0.9% of Oak Thistle LLC's investment portfolio, making the stock its 4th largest position.
Several other institutional investors and hedge funds also recently made changes to their positions in WYNN. Wilmington Savings Fund Society FSB acquired a new stake in Wynn Resorts during the third quarter worth $31,000. Blue Trust Inc. lifted its holdings in shares of Wynn Resorts by 556.0% during the 3rd quarter. Blue Trust Inc. now owns 551 shares of the casino operator's stock worth $49,000 after acquiring an additional 467 shares during the period. Allworth Financial LP boosted its position in shares of Wynn Resorts by 17.5% during the 3rd quarter. Allworth Financial LP now owns 895 shares of the casino operator's stock valued at $86,000 after acquiring an additional 133 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its stake in Wynn Resorts by 703.1% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,028 shares of the casino operator's stock valued at $99,000 after acquiring an additional 900 shares during the period. Finally, Covestor Ltd raised its position in Wynn Resorts by 207.4% in the third quarter. Covestor Ltd now owns 1,408 shares of the casino operator's stock worth $135,000 after purchasing an additional 950 shares in the last quarter. Institutional investors own 88.64% of the company's stock.
Wynn Resorts Price Performance
Shares of WYNN stock traded up $0.61 on Wednesday, reaching $82.41. 2,263,231 shares of the stock were exchanged, compared to its average volume of 2,370,467. Wynn Resorts, Limited has a one year low of $71.63 and a one year high of $110.38. The stock has a market cap of $9.05 billion, a PE ratio of 10.16, a P/E/G ratio of 3.46 and a beta of 1.77. The stock has a 50 day moving average price of $89.11 and a 200 day moving average price of $87.04.
Wynn Resorts (NASDAQ:WYNN - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The casino operator reported $0.90 earnings per share 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 firm had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the prior year, the firm posted $0.99 earnings per share. The business's revenue for the quarter was up 1.3% compared to the same quarter last year. On average, research analysts expect that Wynn Resorts, Limited will post 4.79 earnings per share for the current fiscal year.
Wynn Resorts Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 1.21%. Wynn Resorts's payout ratio is presently 12.33%.
Analyst Ratings Changes
WYNN has been the topic of several analyst reports. StockNews.com lowered Wynn Resorts from a "buy" rating to a "hold" rating in a research note on Tuesday, September 17th. Macquarie reiterated an "outperform" rating and set a $120.00 price objective on shares of Wynn Resorts in a research note on Tuesday, November 5th. Susquehanna boosted their target price on shares of Wynn Resorts from $92.00 to $122.00 and gave the company a "positive" rating in a research note on Friday, October 11th. Wells Fargo & Company dropped their target price on shares of Wynn Resorts from $125.00 to $122.00 and set an "overweight" rating for the company in a research report on Tuesday, November 5th. Finally, Morgan Stanley boosted their price target on shares of Wynn Resorts from $112.00 to $115.00 and gave the company an "overweight" rating in a research report on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $116.36.
View Our Latest Report on WYNN
Wynn Resorts Company 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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