Capital International Sarl Increases Holdings in Wynn Resorts, Limited $WYNN

Capital International Sarl grew its holdings in Wynn Resorts, Limited (NASDAQ:WYNN) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,391 shares of the casino operator’s stock after acquiring an additional 6,330 shares during the period. Capital International Sarl owned about 0.12% of Wynn Resorts worth $14,487,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. MUFG Securities EMEA plc purchased a new position in shares of Wynn Resorts in the second quarter valued at about $25,000. Hantz Financial Services Inc. increased its holdings in shares of Wynn Resorts by 54.9% in the fourth quarter. Hantz Financial Services Inc. now owns 251 shares of the casino operator’s stock worth $30,000 after purchasing an additional 89 shares during the last quarter. Cromwell Holdings LLC increased its holdings in shares of Wynn Resorts by 68.2% in the fourth quarter. Cromwell Holdings LLC now owns 254 shares of the casino operator’s stock worth $31,000 after purchasing an additional 103 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Wynn Resorts by 69.0% in the first quarter. Geneos Wealth Management Inc. now owns 382 shares of the casino operator’s stock worth $32,000 after purchasing an additional 156 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of Wynn Resorts in the fourth quarter worth about $34,000. 88.64% of the stock is currently owned by hedge funds and other institutional investors.

Wynn Resorts Stock Performance

Shares of NASDAQ WYNN opened at $104.48 on Friday. The firm has a market capitalization of $10.84 billion, a price-to-earnings ratio of 31.19, a PEG ratio of 0.97 and a beta of 0.98. The stock has a 50 day moving average price of $102.43 and a 200 day moving average price of $110.99. Wynn Resorts, Limited has a 52-week low of $82.64 and a 52-week high of $134.72.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings results on Thursday, May 7th. The casino operator reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.82 billion. Wynn Resorts had a negative return on equity of 42.03% and a net margin of 5.14%.Wynn Resorts’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.07 earnings per share. Analysts forecast that Wynn Resorts, Limited will post 4.61 earnings per share for the current year.

Wynn Resorts Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Mizuho reduced their target price on Wynn Resorts from $134.00 to $133.00 and set an “outperform” rating on the stock in a report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $137.00 price objective on shares of Wynn Resorts in a research note on Friday, May 8th. Bank of America reduced their price objective on Wynn Resorts from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Jefferies Financial Group reduced their price objective on Wynn Resorts from $161.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Finally, UBS Group reissued a “buy” rating on shares of Wynn Resorts in a research note on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $140.00.

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.