Allianz Asset Management GmbH boosted its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 51,814 shares of the casino operator’s stock after acquiring an additional 1,452 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.05% of Wynn Resorts worth $8,736,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Oakbrook Investments LLC raised its position in Wynn Resorts by 78.3% during the fourth quarter. Oakbrook Investments LLC now owns 6,845 shares of the casino operator’s stock valued at $1,154,000 after acquiring an additional 3,005 shares in the last quarter. Cubist Systematic Strategies LLC raised its position in Wynn Resorts by 84.3% during the third quarter. Cubist Systematic Strategies LLC now owns 28,371 shares of the casino operator’s stock valued at $4,225,000 after acquiring an additional 12,981 shares in the last quarter. American Assets Capital Advisers LLC raised its position in Wynn Resorts by 62.5% during the fourth quarter. American Assets Capital Advisers LLC now owns 130,000 shares of the casino operator’s stock valued at $21,916,000 after acquiring an additional 50,000 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Wynn Resorts by 9.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 93,205 shares of the casino operator’s stock valued at $15,714,000 after acquiring an additional 7,965 shares in the last quarter. Finally, Davidson Kempner Capital Management LP raised its position in Wynn Resorts by 11.8% during the third quarter. Davidson Kempner Capital Management LP now owns 237,500 shares of the casino operator’s stock valued at $35,371,000 after acquiring an additional 25,000 shares in the last quarter. 70.37% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently weighed in on WYNN shares. Deutsche Bank reaffirmed a “buy” rating and set a $167.00 price objective on shares of Wynn Resorts in a research report on Tuesday, November 21st. Goldman Sachs Group upgraded Wynn Resorts from a “sell” rating to a “neutral” rating in a report on Sunday, February 4th. Zacks Investment Research upgraded Wynn Resorts from a “hold” rating to a “buy” rating and set a $185.00 price target on the stock in a report on Tuesday, March 6th. Jefferies Group assumed coverage on Wynn Resorts in a report on Thursday, January 18th. They set a “buy” rating and a $202.00 price target on the stock. Finally, Citigroup set a $228.00 price target on Wynn Resorts and gave the company a “buy” rating in a report on Tuesday, January 23rd. Eleven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Wynn Resorts presently has an average rating of “Buy” and an average target price of $182.80.
Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings data on Monday, January 22nd. The casino operator reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.07. The business had revenue of $1.69 billion for 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%. Wynn Resorts’s quarterly revenue was up 29.9% on a year-over-year basis. During the same quarter last year, the company posted $0.50 earnings per share. research analysts expect that Wynn Resorts, Limited will post 7.69 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Thursday, February 15th were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $2.00 annualized dividend and a dividend yield of 1.08%. Wynn Resorts’s payout ratio is 50.38%.
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About Wynn Resorts
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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