Advisor Group Inc. grew its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 6.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,810 shares of the casino operator’s stock after purchasing an additional 1,135 shares during the quarter. Advisor Group Inc.’s holdings in Wynn Resorts were worth $3,340,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WYNN. Janus Henderson Group PLC grew its holdings in Wynn Resorts by 563.7% in the third quarter. Janus Henderson Group PLC now owns 507,249 shares of the casino operator’s stock worth $75,540,000 after purchasing an additional 430,816 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in Wynn Resorts by 529.8% in the third quarter. Point72 Asset Management L.P. now owns 418,843 shares of the casino operator’s stock worth $62,374,000 after purchasing an additional 352,343 shares during the last quarter. Mackenzie Financial Corp grew its holdings in Wynn Resorts by 1,522.7% in the fourth quarter. Mackenzie Financial Corp now owns 371,560 shares of the casino operator’s stock worth $62,641,000 after purchasing an additional 348,662 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Wynn Resorts by 897.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 282,262 shares of the casino operator’s stock worth $47,587,000 after purchasing an additional 253,962 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in Wynn Resorts by 5.0% in the fourth quarter. BlackRock Inc. now owns 5,141,200 shares of the casino operator’s stock worth $866,755,000 after purchasing an additional 242,948 shares during the last quarter. 70.37% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have issued reports on WYNN shares. Deutsche Bank reaffirmed a “buy” rating and issued a $167.00 price target on shares of Wynn Resorts in a report on Tuesday, November 21st. TheStreet upgraded shares of Wynn Resorts from a “c+” rating to a “b-” rating in a research note on Tuesday, December 12th. Barclays lifted their price objective on shares of Wynn Resorts to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, December 14th. Zacks Investment Research downgraded shares of Wynn Resorts from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Finally, Jefferies Group began coverage on shares of Wynn Resorts in a research note on Thursday, January 18th. They set a “buy” rating and a $202.00 price objective for the company. Eleven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $182.80.
Wynn Resorts (NASDAQ:WYNN) last posted its earnings results on Monday, January 22nd. The casino operator reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.07. The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.56 billion. Wynn Resorts had a net margin of 11.85% and a return on equity of 100.14%. The firm’s quarterly revenue was up 29.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.50 earnings per share. equities analysts anticipate that Wynn Resorts, Limited will post 7.69 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Thursday, February 15th were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, February 14th. This represents a $2.00 dividend on an annualized basis and a yield of 1.08%. Wynn Resorts’s dividend payout ratio is presently 50.38%.
Wynn Resorts Company Profile
Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations.
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