Boothbay Fund Management LLC Buys 12,021 Shares of Wynn Resorts, Limited $WYNN

Boothbay Fund Management LLC raised its stake in Wynn Resorts, Limited (NASDAQ:WYNN) by 79.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,135 shares of the casino operator’s stock after purchasing an additional 12,021 shares during the quarter. Boothbay Fund Management LLC’s holdings in Wynn Resorts were worth $3,481,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of WYNN. Norges Bank bought a new stake in Wynn Resorts during the second quarter worth $106,289,000. Palidye Holdings Caymans Ltd bought a new position in shares of Wynn Resorts during the second quarter valued at about $104,629,000. Thrivent Financial for Lutherans boosted its holdings in Wynn Resorts by 6,391.3% during the second quarter. Thrivent Financial for Lutherans now owns 748,769 shares of the casino operator’s stock worth $70,138,000 after purchasing an additional 737,234 shares during the last quarter. Westfield Capital Management Co. LP purchased a new position in Wynn Resorts during the third quarter worth about $73,588,000. Finally, Greenwich Wealth Management LLC bought a new stake in Wynn Resorts in the 2nd quarter worth about $46,845,000. Hedge funds and other institutional investors own 88.64% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on WYNN. Jefferies Financial Group lifted their target price on shares of Wynn Resorts from $146.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 8th. UBS Group reaffirmed a “buy” rating on shares of Wynn Resorts in a research report on Monday, February 23rd. JPMorgan Chase & Co. lifted their price target on Wynn Resorts from $138.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, December 8th. Deutsche Bank Aktiengesellschaft set a $144.00 price objective on Wynn Resorts in a research report on Friday, February 13th. Finally, Mizuho upped their price objective on Wynn Resorts from $131.00 to $134.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $138.87.

Wynn Resorts Stock Up 0.2%

Shares of WYNN stock opened at $100.63 on Tuesday. The firm has a market cap of $10.49 billion, a P/E ratio of 33.54, a PEG ratio of 11.98 and a beta of 1.01. The company has a 50 day moving average of $111.03 and a 200-day moving average of $119.46. Wynn Resorts, Limited has a 12-month low of $65.25 and a 12-month high of $134.72.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings data on Thursday, February 12th. The casino operator reported $1.17 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.16). Wynn Resorts had a net margin of 4.59% and a negative return on equity of 39.05%. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the previous year, the company posted $2.42 EPS. Wynn Resorts’s revenue for the quarter was up 1.5% on a year-over-year basis. As a group, equities analysts expect that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, February 23rd were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $1.00 annualized dividend and a yield of 1.0%. Wynn Resorts’s dividend payout ratio (DPR) is 33.33%.

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.