One Capital Management LLC Purchases 6,607 Shares of Wynn Resorts, Limited $WYNN

One Capital Management LLC increased its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 41.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,634 shares of the casino operator’s stock after acquiring an additional 6,607 shares during the quarter. One Capital Management LLC’s holdings in Wynn Resorts were worth $2,724,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Capital Advisors Ltd. LLC lifted its stake in Wynn Resorts by 433,217.6% in the fourth quarter. Capital Advisors Ltd. LLC now owns 73,664 shares of the casino operator’s stock valued at $8,864,000 after buying an additional 73,647 shares in the last quarter. Westend Capital Management LLC bought a new position in Wynn Resorts in the fourth quarter valued at approximately $12,084,000. OPTIMAS CAPITAL Ltd bought a new position in Wynn Resorts in the third quarter valued at approximately $7,888,000. SG Americas Securities LLC lifted its stake in Wynn Resorts by 224.1% in the fourth 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 in the last quarter. Finally, Cibc World Market Inc. lifted its stake in Wynn Resorts by 125.7% in the third quarter. Cibc World Market Inc. now owns 47,923 shares of the casino operator’s stock valued at $6,147,000 after buying an additional 26,692 shares in the last quarter. Institutional investors own 88.64% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on WYNN shares. JPMorgan Chase & Co. cut their price target on shares of Wynn Resorts from $140.00 to $135.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. Morgan Stanley cut their price target on shares of Wynn Resorts from $136.00 to $133.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Stifel Nicolaus cut their price target on shares of Wynn Resorts from $160.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Barclays cut their price target on shares of Wynn Resorts from $143.00 to $139.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. Finally, Citigroup cut their price target on shares of Wynn Resorts from $145.00 to $132.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $140.00.

Wynn Resorts Stock Down 1.8%

Shares of WYNN stock opened at $104.62 on Wednesday. The company’s fifty day simple moving average is $102.19 and its 200-day simple moving average is $111.43. The firm has a market cap of $10.86 billion, a PE ratio of 31.23, a P/E/G ratio of 0.98 and a beta of 0.98. Wynn Resorts, Limited has a 12 month low of $82.63 and a 12 month high of $134.72.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings data on Thursday, May 7th. The casino operator reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.07. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.82 billion. Wynn Resorts had a net margin of 5.14% and a negative return on equity of 42.03%. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.07 earnings per share. On average, equities analysts predict that Wynn Resorts, Limited will post 4.68 earnings per share for the current fiscal year.

Wynn Resorts Announces Dividend

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

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.