AG Campbell Advisory LLC Invests $2.13 Million in Wynn Resorts, Limited $WYNN

AG Campbell Advisory LLC purchased a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 17,700 shares of the casino operator’s stock, valued at approximately $2,130,000. Wynn Resorts comprises about 0.7% of AG Campbell Advisory LLC’s investment portfolio, making the stock its 17th largest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MUFG Securities EMEA plc acquired a new position in Wynn Resorts in the second quarter worth $25,000. Hantz Financial Services Inc. raised 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 valued at $30,000 after buying an additional 89 shares during the last quarter. Cromwell Holdings LLC lifted its position 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 buying an additional 103 shares in the last quarter. SHP Wealth Management bought a new stake in Wynn Resorts during the 4th quarter worth about $32,000. Finally, 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 during the last quarter. 88.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on WYNN shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $137.00 target price on shares of Wynn Resorts in a research note on Friday, May 8th. Citigroup decreased their price target on shares of Wynn Resorts from $145.00 to $132.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Wells Fargo & Company set a $142.00 price objective on shares of Wynn Resorts and gave the stock an “overweight” rating in a research report on Sunday, May 10th. Jefferies Financial Group reduced their target price on shares of Wynn Resorts from $161.00 to $150.00 and set a “buy” rating for the company in a report on Monday, April 6th. Finally, Susquehanna lowered their target price on Wynn Resorts from $133.00 to $127.00 and set a “positive” rating on the stock in a research report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $140.00.

Wynn Resorts Stock Performance

WYNN opened at $105.53 on Friday. The company has a market cap of $10.95 billion, a P/E ratio of 31.50, a PEG ratio of 0.98 and a beta of 0.98. The company’s 50 day moving average is $103.35 and its 200-day moving average is $109.76. Wynn Resorts, Limited has a 1-year low of $87.11 and a 1-year high of $134.72.

Wynn Resorts (NASDAQ:WYNN) last posted its earnings results on Thursday, May 7th. The casino operator reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.07. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates 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 for the quarter was up 9.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.07 EPS. On average, equities analysts forecast that Wynn Resorts, Limited will post 4.61 EPS for the current year.

Wynn Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Monday, May 18th. Wynn Resorts’s dividend payout ratio (DPR) 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.