Curtis Wealth Management LLC Acquires New Position in Wynn Resorts, Limited $WYNN

Curtis Wealth Management LLC acquired a new stake in Wynn Resorts, Limited (NASDAQ:WYNN) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,901 shares of the casino operator’s stock, valued at approximately $787,000.

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

Wall Street Analysts Forecast Growth

Several research firms have commented on WYNN. Bank of America lowered their price target on shares of Wynn Resorts from $150.00 to $140.00 and set a “buy” rating for the company in a report on Monday, May 11th. Mizuho cut 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. Morgan Stanley cut their price target on Wynn Resorts from $136.00 to $133.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Wells Fargo & Company set a $142.00 price target on Wynn Resorts and gave the company an “overweight” rating in a research note on Sunday, May 10th. Finally, UBS Group restated a “buy” rating on shares of Wynn Resorts in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Wynn Resorts presently has an average rating of “Moderate Buy” and a consensus price target of $140.00.

Wynn Resorts Trading Up 0.8%

Shares of NASDAQ:WYNN opened at $104.48 on Friday. The company has a market capitalization of $10.84 billion, a PE ratio of 31.19, a P/E/G ratio of 0.97 and a beta of 0.98. Wynn Resorts, Limited has a twelve month low of $82.64 and a twelve month high of $134.72. The firm has a 50 day simple moving average of $102.43 and a 200-day simple moving average of $110.99.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings data on Thursday, May 7th. The casino operator reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.07. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.82 billion. Wynn Resorts had a net margin of 5.14% and a negative return on equity of 42.03%. The company’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.07 EPS. As a group, equities research analysts predict that Wynn Resorts, Limited will post 4.61 EPS for the current fiscal year.

Wynn Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Monday, May 18th. Wynn Resorts’s payout ratio is currently 29.85%.

Wynn Resorts Company 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.