Capital International Inc. CA Sells 8,625 Shares of Wynn Resorts, Limited $WYNN

Capital International Inc. CA trimmed its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 11.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 66,092 shares of the casino operator’s stock after selling 8,625 shares during the quarter. Capital International Inc. CA’s holdings in Wynn Resorts were worth $7,953,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. grew its position in 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 buying an additional 89 shares during the period. Cromwell Holdings LLC grew its position in Wynn Resorts by 68.2% during the fourth quarter. Cromwell Holdings LLC now owns 254 shares of the casino operator’s stock valued at $31,000 after buying an additional 103 shares during the period. MUFG Securities EMEA plc bought a new stake in Wynn Resorts during the second quarter valued at approximately $25,000. International Assets Investment Management LLC bought a new stake in Wynn Resorts during the fourth quarter valued at approximately $34,000. Finally, Geneos Wealth Management Inc. grew its position in Wynn Resorts by 69.0% during the first 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. 88.64% of the stock is currently owned by institutional investors.

Wynn Resorts Price Performance

Shares of NASDAQ:WYNN opened at $104.48 on Monday. Wynn Resorts, Limited has a 1-year low of $82.64 and a 1-year high of $134.72. The company has a market capitalization of $10.84 billion, a P/E ratio of 31.19, a P/E/G ratio of 0.97 and a beta of 0.98. The firm’s 50 day simple moving average is $102.43 and its two-hundred day simple moving average is $110.94.

Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Thursday, May 7th. The casino operator reported $1.25 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 for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the previous year, the firm earned $1.07 earnings per share. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Wynn Resorts, Limited will post 4.61 earnings per share for the current fiscal year.

Wynn Resorts Announces Dividend

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

Wall Street Analysts Forecast Growth

WYNN has been the subject of several recent research reports. Susquehanna cut their target price on shares of Wynn Resorts from $133.00 to $127.00 and set a “positive” rating for the company in a research report on Thursday, April 16th. Mizuho cut their target price on shares of Wynn Resorts from $134.00 to $133.00 and set an “outperform” rating for the company in a research report on Tuesday, May 12th. Citigroup lowered their price target on shares of Wynn Resorts from $145.00 to $132.00 and set a “buy” rating on the stock in a report on Friday, May 8th. UBS Group reaffirmed a “buy” rating on shares of Wynn Resorts in a report on Monday, February 23rd. Finally, Stifel Nicolaus lowered their price target on shares of Wynn Resorts from $160.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Wynn Resorts has an average rating of “Moderate Buy” and a consensus target price of $140.00.

About Wynn Resorts

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.