Lee Financial Group Hawaii Inc. bought a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,400 shares of the casino operator’s stock, valued at approximately $236,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Capital International Investors lifted its stake in shares of Wynn Resorts by 0.3% in the 3rd quarter. Capital International Investors now owns 3,143,896 shares of the casino operator’s stock valued at $468,189,000 after acquiring an additional 8,534 shares during the last quarter. Maverick Capital Ltd. raised its position in Wynn Resorts by 36.9% during the 2nd quarter. Maverick Capital Ltd. now owns 1,260,248 shares of the casino operator’s stock worth $169,024,000 after purchasing an additional 339,550 shares during the last quarter. Thornburg Investment Management Inc. raised its position in Wynn Resorts by 1.2% during the 3rd quarter. Thornburg Investment Management Inc. now owns 890,955 shares of the casino operator’s stock worth $132,681,000 after purchasing an additional 10,734 shares during the last quarter. Bank of New York Mellon Corp raised its position in Wynn Resorts by 8.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 877,781 shares of the casino operator’s stock worth $130,719,000 after purchasing an additional 65,335 shares during the last quarter. Finally, DSM Capital Partners LLC raised its position in Wynn Resorts by 26.7% during the 3rd quarter. DSM Capital Partners LLC now owns 679,488 shares of the casino operator’s stock worth $101,189,000 after purchasing an additional 143,042 shares during the last quarter. Hedge funds and other institutional investors own 72.10% of the company’s stock.
Several research analysts recently issued reports on the company. Roth Capital reaffirmed a “neutral” rating and set a $170.00 target price on shares of Wynn Resorts in a research report on Wednesday, February 7th. BidaskClub downgraded Wynn Resorts from a “buy” rating to a “hold” rating in a report on Wednesday. Barclays raised their target price on Wynn Resorts from $148.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, October 27th. JPMorgan Chase & Co. raised shares of Wynn Resorts from a “neutral” rating to an “overweight” rating in a research report on Wednesday, February 7th. Finally, Nomura raised shares of Wynn Resorts from a “neutral” rating to a “buy” rating and raised their price target for the company from $175.00 to $211.00 in a research report on Wednesday, February 7th. Twelve research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Wynn Resorts has a consensus rating of “Buy” and a consensus price target of $177.57.
Wynn Resorts, Limited (NASDAQ:WYNN) traded up $1.74 on Wednesday, hitting $164.66. 2,122,800 shares of the stock were exchanged, compared to its average volume of 5,749,688. The stock has a market cap of $16,745.32, a price-to-earnings ratio of 22.65 and a beta of 1.59. The company has a debt-to-equity ratio of 24.54, a current ratio of 1.72 and a quick ratio of 1.68. Wynn Resorts, Limited has a 12-month low of $92.67 and a 12-month high of $203.63.
Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings results on Monday, January 22nd. The casino operator reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.07. Wynn Resorts had a net margin of 11.85% and a return on equity of 148.17%. The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same period in the previous year, the business earned $0.50 EPS. The business’s revenue for the quarter was up 29.9% on a year-over-year basis. research analysts forecast that Wynn Resorts, Limited will post 7.62 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Thursday, February 15th will be given a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $2.00 annualized dividend and a yield of 1.21%. Wynn Resorts’s dividend payout ratio (DPR) is presently 27.51%.
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Wynn Resorts Company Profile
Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations.
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