Future Fund LLC Has $2.88 Million Holdings in Wynn Resorts, Limited $WYNN

Future Fund LLC grew its stake in Wynn Resorts, Limited (NASDAQ:WYNN) by 26.9% in the first quarter, HoldingsChannel reports. The fund owned 28,331 shares of the casino operator’s stock after acquiring an additional 6,002 shares during the period. Future Fund LLC’s holdings in Wynn Resorts were worth $2,877,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Capital Advisors Ltd. LLC lifted its holdings in Wynn Resorts by 433,217.6% during the 4th quarter. Capital Advisors Ltd. LLC now owns 73,664 shares of the casino operator’s stock worth $8,864,000 after buying an additional 73,647 shares in the last quarter. Westend Capital Management LLC acquired a new stake in shares of Wynn Resorts in the 4th quarter valued at $12,084,000. SG Americas Securities LLC increased its stake in shares of Wynn Resorts by 224.1% in the 4th quarter. SG Americas Securities LLC now owns 82,859 shares of the casino operator’s stock valued at $9,970,000 after buying an additional 57,293 shares during the period. Pacer Advisors Inc. raised its position 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 worth $2,697,000 after acquiring an additional 11,067 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in shares of Wynn Resorts by 46.1% during the fourth quarter. Sequoia Financial Advisors LLC now owns 770,178 shares of the casino operator’s stock worth $92,676,000 after acquiring an additional 243,179 shares during the last quarter. 88.64% of the stock is currently owned by institutional investors and hedge funds.

Wynn Resorts Stock Down 1.5%

WYNN stock opened at $96.64 on Friday. The business’s fifty day moving average is $100.32 and its 200-day moving average is $105.86. The company has a market cap of $10.03 billion, a P/E ratio of 28.85, a price-to-earnings-growth ratio of 0.92 and a beta of 0.99. Wynn Resorts, Limited has a twelve month low of $93.15 and a twelve month high of $134.72.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings results on Thursday, May 7th. The casino operator reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.07. Wynn Resorts had a negative return on equity of 42.03% and a net margin of 5.14%.The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the company earned $1.07 EPS. The firm’s revenue was up 9.2% on a year-over-year basis. Research analysts anticipate that Wynn Resorts, Limited will post 4.57 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were issued 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 yield of 1.0%. Wynn Resorts’s dividend payout ratio (DPR) is 29.85%.

Wall Street Analysts Forecast Growth

WYNN has been the topic of several recent research reports. Jefferies Financial Group decreased their price target on Wynn Resorts from $161.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, April 6th. Truist Financial started coverage on Wynn Resorts in a report on Wednesday, July 8th. They set a “buy” rating and a $125.00 price objective for the company. Morgan Stanley cut their target price on shares of Wynn Resorts from $136.00 to $133.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Bank of America reduced their target price on shares of Wynn Resorts from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $137.00 price target on shares of Wynn Resorts in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $136.25.

Wynn Resorts 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.