Beddow Capital Management Inc. boosted its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 29.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,875 shares of the casino operator’s stock after purchasing an additional 12,085 shares during the period. Wynn Resorts comprises 2.9% of Beddow Capital Management Inc.’s holdings, making the stock its 20th largest position. Beddow Capital Management Inc.’s holdings in Wynn Resorts were worth $5,230,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Parallel Advisors LLC grew its holdings in shares of Wynn Resorts by 84.2% in the 4th quarter. Parallel Advisors LLC now owns 256 shares of the casino operator’s stock valued at $25,000 after acquiring an additional 117 shares in the last quarter. Sterling Investment Advisors Ltd. grew its holdings in Wynn Resorts by 87.5% during the fourth quarter. Sterling Investment Advisors Ltd. now owns 750 shares of the casino operator’s stock worth $74,000 after purchasing an additional 350 shares during the period. Ayalon Holdings Ltd. bought a new position in Wynn Resorts during the fourth quarter worth about $80,000. Financial Architects Inc grew its holdings in Wynn Resorts by 52.1% during the third quarter. Financial Architects Inc now owns 1,635 shares of the casino operator’s stock worth $207,000 after purchasing an additional 560 shares during the period. Finally, North Star Investment Management Corp. grew its holdings in Wynn Resorts by 31.3% during the fourth quarter. North Star Investment Management Corp. now owns 2,100 shares of the casino operator’s stock worth $208,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 76.13% of the company’s stock.
A number of research firms have recently weighed in on WYNN. Roth Capital dropped their price target on shares of Wynn Resorts from $210.00 to $140.00 and set a “buy” rating for the company in a research report on Thursday, November 8th. Stifel Nicolaus dropped their price target on shares of Wynn Resorts from $192.00 to $138.00 and set a “buy” rating for the company in a research report on Thursday, November 8th. Deutsche Bank reiterated a “buy” rating and issued a $123.00 price target on shares of Wynn Resorts in a research report on Monday, December 17th. Zacks Investment Research upgraded shares of Wynn Resorts from a “strong sell” rating to a “buy” rating and set a $123.00 price target for the company in a research report on Saturday, January 12th. Finally, BidaskClub raised shares of Wynn Resorts from a “hold” rating to a “buy” rating in a research note on Wednesday, January 30th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Wynn Resorts currently has a consensus rating of “Buy” and an average price target of $148.50.
In other Wynn Resorts news, CEO Matt Maddox sold 18,900 shares of the business’s stock in a transaction on Monday, February 4th. The shares were sold at an average price of $124.15, for a total transaction of $2,346,435.00. Following the sale, the chief executive officer now owns 487,399 shares of the company’s stock, valued at $60,510,585.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.95% of the company’s stock.
NASDAQ WYNN opened at $127.55 on Thursday. The firm has a market cap of $13.72 billion, a price-to-earnings ratio of 19.50, a P/E/G ratio of 2.07 and a beta of 1.73. Wynn Resorts, Limited has a fifty-two week low of $90.06 and a fifty-two week high of $202.48. The company has a current ratio of 1.14, a quick ratio of 1.11 and a debt-to-equity ratio of 5.65.
Wynn Resorts (NASDAQ:WYNN) last posted its earnings results on Wednesday, January 30th. The casino operator reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.30). The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.63 billion. Wynn Resorts had a return on equity of 50.79% and a net margin of 8.70%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.40 EPS. As a group, sell-side analysts predict that Wynn Resorts, Limited will post 6.06 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 26th. Shareholders of record on Friday, February 15th will be paid a dividend of $0.75 per share. The ex-dividend date is Thursday, February 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.35%. Wynn Resorts’s payout ratio is presently 45.87%.
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About Wynn Resorts
Wynn Resorts, Limited owns and operates destination casino resorts. As of February 15, 2018, the company's Wynn Macau segment had approximately 273,000 square feet of casino space, which offered 316 table games and 988 slot machines, private gaming salons, sky casinos, and a poker pit; 2 luxury hotel towers with 1,008 guest rooms and suites; 8 food and beverage outlets; 59,000 square feet of retail space; 31,000 square feet of meeting and convention space; recreation and leisure facilities comprising 2 health clubs, spas, a salon, and a pool; and a rotunda show, a Chinese zodiac-inspired ceiling.
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