Wynn Resorts, Limited $WYNN Holdings Boosted by MUFG Securities EMEA plc

by · The Cerbat Gem

MUFG Securities EMEA plc boosted its holdings in Wynn Resorts, Limited (NASDAQ:WYNN – Free Report) by 1,327.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,065 shares of the casino operator’s stock after acquiring an additional 21,449 shares during the period. MUFG Securities EMEA plc’s holdings in Wynn Resorts were worth $2,775,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Hantz Financial Services Inc. lifted its holdings in Wynn Resorts by 54.9% in the fourth quarter. Hantz Financial Services Inc. now owns 251 shares of the casino operator’s stock worth $30,000 after acquiring an additional 89 shares during the last quarter. Horizon Investments LLC lifted its holdings in Wynn Resorts by 6.7% in the fourth quarter. Horizon Investments LLC now owns 1,500 shares of the casino operator’s stock worth $180,000 after acquiring an additional 94 shares during the last quarter. Westside Investment Management Inc. lifted its holdings in Wynn Resorts by 40.2% in the third quarter. Westside Investment Management Inc. now owns 338 shares of the casino operator’s stock worth $44,000 after acquiring an additional 97 shares during the last quarter. Parallel Advisors LLC lifted its holdings in Wynn Resorts by 21.6% in the third quarter. Parallel Advisors LLC now owns 563 shares of the casino operator’s stock worth $72,000 after acquiring an additional 100 shares during the last quarter. Finally, Cromwell Holdings LLC lifted its holdings in Wynn Resorts by 68.2% in the fourth quarter. Cromwell Holdings LLC now owns 254 shares of the casino operator’s stock worth $31,000 after acquiring an additional 103 shares during the last quarter. Institutional investors own 88.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on WYNN. JPMorgan Chase & Co. dropped 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. Stifel Nicolaus dropped 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. Susquehanna dropped their price target on shares of Wynn Resorts from $133.00 to $127.00 and set a “positive” rating on the stock in a research note on Thursday, April 16th. Barclays dropped 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, Wells Fargo & Company set a $142.00 price target on shares of Wynn Resorts and gave the company an “overweight” rating in a research note on Sunday, May 10th. 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 data from MarketBeat.com, Wynn Resorts has an average rating of “Moderate Buy” and a consensus target price of $140.00.

Get Our Latest Stock Analysis on Wynn Resorts

Wynn Resorts Stock Performance

Wynn Resorts stock opened at $106.53 on Tuesday. The firm has a market cap of $11.06 billion, a price-to-earnings ratio of 31.80, a price-to-earnings-growth ratio of 0.93 and a beta of 0.98. Wynn Resorts, Limited has a 1 year low of $82.63 and a 1 year high of $134.72. The firm’s 50 day moving average price is $102.19 and its two-hundred day moving average price is $111.43.

Wynn Resorts (NASDAQ:WYNN – Get Free Report) 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 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 analyst estimates of $1.82 billion. During the same quarter in the previous year, the business posted $1.07 earnings per share. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. As a group, equities analysts predict that Wynn Resorts, Limited will post 4.68 EPS for the current fiscal year.

Wynn Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were paid 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%.

About Wynn Resorts

(Free Report)

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.

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