Wynn Resorts, Limited $WYNN Shares Bought by Kettle Hill Capital Management LLC

Kettle Hill Capital Management LLC grew its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 2.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 215,185 shares of the casino operator’s stock after acquiring an additional 4,834 shares during the period. Wynn Resorts comprises about 5.8% of Kettle Hill Capital Management LLC’s investment portfolio, making the stock its 5th biggest holding. Kettle Hill Capital Management LLC owned approximately 0.21% of Wynn Resorts worth $25,893,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Capital Advisors Ltd. LLC grew its stake in shares of Wynn Resorts by 433,217.6% during the fourth quarter. Capital Advisors Ltd. LLC now owns 73,664 shares of the casino operator’s stock valued at $8,864,000 after acquiring an additional 73,647 shares in the last quarter. Westend Capital Management LLC acquired a new stake in shares of Wynn Resorts during the fourth quarter valued at about $12,084,000. SG Americas Securities LLC grew its stake in shares of Wynn Resorts by 224.1% during the fourth quarter. SG Americas Securities LLC now owns 82,859 shares of the casino operator’s stock valued at $9,970,000 after acquiring an additional 57,293 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Wynn Resorts by 97.5% during the fourth quarter. Pacer Advisors Inc. now owns 22,415 shares of the casino operator’s stock valued at $2,697,000 after acquiring an additional 11,067 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of Wynn Resorts by 225.5% during the fourth quarter. Nordea Investment Management AB now owns 353,004 shares of the casino operator’s stock valued at $42,629,000 after acquiring an additional 244,553 shares in the last quarter. 88.64% of the stock is currently owned by institutional investors and hedge funds.

Wynn Resorts Stock Down 1.2%

Shares of NASDAQ WYNN opened at $105.96 on Tuesday. The firm’s 50-day moving average price is $103.22 and its two-hundred day moving average price is $110.33. Wynn Resorts, Limited has a 52-week low of $85.96 and a 52-week high of $134.72. The stock has a market capitalization of $11.00 billion, a P/E ratio of 31.63, a P/E/G ratio of 1.00 and a beta of 0.98.

Wynn Resorts (NASDAQ:WYNN) last issued its earnings results on Thursday, May 7th. The casino operator reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.07. Wynn Resorts had a net margin of 5.14% and a negative return on equity of 42.03%. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter last year, the company posted $1.07 earnings per share. Wynn Resorts’s revenue was up 9.2% on a year-over-year basis. As a group, equities research analysts expect that Wynn Resorts, Limited will post 4.61 earnings per share for the current year.

Wynn Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.9%. Wynn Resorts’s dividend payout ratio (DPR) is currently 29.85%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Jefferies Financial Group decreased their price target on Wynn Resorts from $161.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Barclays decreased their price target on Wynn Resorts from $143.00 to $139.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. Citigroup decreased their price target on Wynn Resorts from $145.00 to $132.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $137.00 price target on shares of Wynn Resorts in a research note on Friday, May 8th. Finally, Wells Fargo & Company set a $142.00 price target on Wynn Resorts and gave the stock an “overweight” rating in a research note on Sunday, May 10th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $140.00.

Wynn Resorts Company Profile

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.