Capital International Sarl Boosts Stake in Wynn Resorts, Limited $WYNN

Capital International Sarl boosted its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 5.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 120,391 shares of the casino operator’s stock after acquiring an additional 6,330 shares during the period. Capital International Sarl’s holdings in Wynn Resorts were worth $14,487,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Hantz Financial Services Inc. lifted its holdings in Wynn Resorts by 54.9% during the fourth quarter. Hantz Financial Services Inc. now owns 251 shares of the casino operator’s stock worth $30,000 after buying an additional 89 shares during the period. Cromwell Holdings LLC increased its position in shares of Wynn Resorts by 68.2% during the fourth quarter. Cromwell Holdings LLC now owns 254 shares of the casino operator’s stock worth $31,000 after purchasing an additional 103 shares in the last quarter. MUFG Securities EMEA plc acquired a new position in shares of Wynn Resorts during the second quarter worth $25,000. International Assets Investment Management LLC acquired a new position in shares of Wynn Resorts during the fourth quarter worth $34,000. Finally, Geneos Wealth Management Inc. increased its position in shares of Wynn Resorts by 69.0% during the first quarter. Geneos Wealth Management Inc. now owns 382 shares of the casino operator’s stock worth $32,000 after purchasing an additional 156 shares in the last quarter. Hedge funds and other institutional investors own 88.64% of the company’s stock.

Wynn Resorts Stock Performance

Shares of WYNN opened at $104.48 on Friday. The business’s 50-day moving average is $102.43 and its two-hundred day moving average is $110.99. The company has a market capitalization of $10.84 billion, a P/E ratio of 31.19, a P/E/G ratio of 0.97 and a beta of 0.98. Wynn Resorts, Limited has a fifty-two week low of $82.64 and a fifty-two week high of $134.72.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings results on Thursday, May 7th. The casino operator reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.07. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.82 billion. Wynn Resorts had a negative return on equity of 42.03% and a net margin of 5.14%.The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period last year, the firm earned $1.07 EPS. Analysts forecast that Wynn Resorts, Limited will post 4.61 EPS for the current year.

Wynn Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were given a dividend of $0.25 per share. The ex-dividend date was Monday, May 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.0%. Wynn Resorts’s dividend payout ratio (DPR) is 29.85%.

Analyst Upgrades and Downgrades

WYNN has been the topic of a number of recent analyst reports. Jefferies Financial Group reduced their price target on Wynn Resorts from $161.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Barclays cut their target price on Wynn Resorts from $143.00 to $139.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. Wells Fargo & Company set a $142.00 target price on Wynn Resorts and gave the company an “overweight” rating in a research report on Sunday, May 10th. Citigroup cut their target price on Wynn Resorts from $145.00 to $132.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Finally, Susquehanna cut their target price on Wynn Resorts from $133.00 to $127.00 and set a “positive” rating on the stock in a research report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $140.00.

About Wynn Resorts

Wynn Resorts, Limited (NASDAQ: WYNN) is a global developer and operator of luxury resorts and casinos, renowned for its premium hospitality offerings and integrated entertainment experiences. The company specializes in high-end hotel accommodations, gaming operations, fine dining restaurants, retail outlets, meeting and convention spaces, and live entertainment venues. Its properties are designed to cater to both leisure and business travelers seeking upscale environments and world-class service.

Founded in 2002 by hospitality entrepreneur Steve Wynn, the company opened its flagship property, Wynn Las Vegas, on the Las Vegas Strip in 2005, followed by Encore Las Vegas in 2008.