Wynn Resorts, Limited $WYNN Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its holdings in Wynn Resorts, Limited (NASDAQ:WYNN) by 97.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,415 shares of the casino operator’s stock after buying an additional 11,067 shares during the quarter. Pacer Advisors Inc.’s holdings in Wynn Resorts were worth $2,697,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Wynn Resorts by 10.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,961 shares of the casino operator’s stock valued at $665,000 after acquiring an additional 754 shares during the last quarter. Woodline Partners LP lifted its stake in Wynn Resorts by 36.2% during the first quarter. Woodline Partners LP now owns 7,568 shares of the casino operator’s stock worth $632,000 after purchasing an additional 2,012 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in Wynn Resorts by 69.0% in the first quarter. Geneos Wealth Management Inc. now owns 382 shares of the casino operator’s stock valued at $32,000 after purchasing an additional 156 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Wynn Resorts by 13.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,659 shares of the casino operator’s stock valued at $155,000 after purchasing an additional 201 shares in the last quarter. Finally, Guggenheim Capital LLC increased its stake in Wynn Resorts by 9.5% in the second quarter. Guggenheim Capital LLC now owns 10,008 shares of the casino operator’s stock valued at $937,000 after purchasing an additional 868 shares during the last quarter. 88.64% of the stock is currently owned by institutional investors and hedge funds.

Wynn Resorts Trading Up 0.5%

Shares of WYNN opened at $104.15 on Wednesday. The firm has a market cap of $10.81 billion, a PE ratio of 31.09, a price-to-earnings-growth ratio of 0.97 and a beta of 0.98. The company’s 50 day simple moving average is $103.33 and its 200-day simple moving average is $109.20. Wynn Resorts, Limited has a 12-month low of $89.85 and a 12-month high of $134.72.

Wynn Resorts (NASDAQ:WYNN) last announced its earnings results on Thursday, May 7th. The casino operator reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07. The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.07 EPS. As a group, equities research analysts forecast that Wynn Resorts, Limited will post 4.61 EPS for the current fiscal year.

Wynn Resorts Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 1.0%. Wynn Resorts’s payout ratio is currently 29.85%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Bank of America cut their price objective on shares of Wynn Resorts from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Wells Fargo & Company set a $142.00 target price on shares of Wynn Resorts and gave the company an “overweight” rating in a research report on Sunday, May 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $137.00 price target on shares of Wynn Resorts in a research note on Friday, May 8th. Mizuho reduced their price target 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. Finally, Susquehanna decreased their price objective on shares of Wynn Resorts from $133.00 to $127.00 and set a “positive” rating for the company in a research note on Thursday, April 16th. One 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.