AXQ Capital LP Invests $895,000 in Wynn Resorts, Limited $WYNN

AXQ Capital LP acquired a new stake in Wynn Resorts, Limited (NASDAQ:WYNN) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 7,435 shares of the casino operator’s stock, valued at approximately $895,000.

Several other institutional investors and hedge funds also recently made changes to their positions in WYNN. MUFG Securities EMEA plc acquired a new stake in shares of Wynn Resorts during the 2nd quarter worth approximately $25,000. Hantz Financial Services Inc. raised its holdings in shares of Wynn Resorts by 54.9% during the fourth quarter. Hantz Financial Services Inc. now owns 251 shares of the casino operator’s stock valued at $30,000 after purchasing an additional 89 shares during the period. Cromwell Holdings LLC boosted its position in shares of Wynn Resorts by 68.2% during the 4th quarter. Cromwell Holdings LLC now owns 254 shares of the casino operator’s stock worth $31,000 after purchasing an additional 103 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Wynn Resorts by 69.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 382 shares of the casino operator’s stock valued at $32,000 after buying an additional 156 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in Wynn Resorts in the 4th quarter valued at about $34,000. Institutional investors own 88.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Mizuho dropped their price target on Wynn Resorts from $134.00 to $133.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 12th. JPMorgan Chase & Co. decreased their price objective on Wynn Resorts from $140.00 to $135.00 and set an “overweight” rating for the company in a report on Friday, May 8th. UBS Group reaffirmed a “buy” rating on shares of Wynn Resorts in a research report on Monday, February 23rd. Susquehanna cut their target price on Wynn Resorts from $133.00 to $127.00 and set a “positive” rating on the stock in a report on Thursday, April 16th. 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 equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Wynn Resorts presently has a consensus rating of “Moderate Buy” and an average target price of $140.00.

Wynn Resorts Trading Down 1.8%

NASDAQ WYNN opened at $104.62 on Wednesday. The business has a fifty day simple moving average of $102.19 and a 200 day simple moving average of $111.43. Wynn Resorts, Limited has a 12 month low of $82.63 and a 12 month high of $134.72. The firm has a market capitalization of $10.86 billion, a P/E ratio of 31.23, a PEG ratio of 0.98 and a beta of 0.98.

Wynn Resorts (NASDAQ:WYNN) last posted its 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 during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the prior year, the business posted $1.07 EPS. The business’s revenue was up 9.2% compared to the same quarter last year. As a group, sell-side analysts predict that Wynn Resorts, Limited will post 4.68 EPS for the current fiscal year.

Wynn Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were paid a $0.25 dividend. The ex-dividend date was Monday, May 18th. This represents a $1.00 annualized dividend and a yield of 1.0%. Wynn Resorts’s dividend payout ratio (DPR) is 29.85%.

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.