Oak Thistle LLC Acquires Shares of 35,844 Wynn Resorts, Limited (NASDAQ:WYNN)

Oak Thistle LLC bought a new position in Wynn Resorts, Limited (NASDAQ:WYNNFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 35,844 shares of the casino operator’s stock, valued at approximately $3,088,000. Wynn Resorts makes up about 0.9% of Oak Thistle LLC’s holdings, making the stock its 4th largest holding.

Other institutional investors have also bought and sold shares of the company. IHT Wealth Management LLC increased its holdings in shares of Wynn Resorts by 1.7% during the third quarter. IHT Wealth Management LLC now owns 6,766 shares of the casino operator’s stock worth $654,000 after buying an additional 112 shares in the last quarter. Allworth Financial LP grew its position in Wynn Resorts by 17.5% during the 3rd quarter. Allworth Financial LP now owns 895 shares of the casino operator’s stock worth $86,000 after acquiring an additional 133 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in Wynn Resorts by 2.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,540 shares of the casino operator’s stock valued at $496,000 after purchasing an additional 149 shares in the last quarter. Prospera Financial Services Inc raised its position in Wynn Resorts by 4.1% in the 3rd quarter. Prospera Financial Services Inc now owns 4,616 shares of the casino operator’s stock valued at $443,000 after purchasing an additional 181 shares during the last quarter. Finally, Wedmont Private Capital boosted its stake in Wynn Resorts by 7.5% in the fourth quarter. Wedmont Private Capital now owns 2,638 shares of the casino operator’s stock worth $214,000 after purchasing an additional 183 shares in the last quarter. Institutional investors and hedge funds own 88.64% of the company’s stock.

Wynn Resorts Trading Up 0.6 %

NASDAQ:WYNN opened at $81.80 on Wednesday. Wynn Resorts, Limited has a 1-year low of $71.63 and a 1-year high of $110.38. The firm has a market capitalization of $8.98 billion, a price-to-earnings ratio of 10.09, a PEG ratio of 3.46 and a beta of 1.77. The business’s 50-day moving average price is $89.21 and its two-hundred day moving average price is $87.09.

Wynn Resorts (NASDAQ:WYNNGet Free Report) last announced its quarterly earnings results on Monday, November 4th. The casino operator reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.11). Wynn Resorts had a net margin of 13.37% and a negative return on equity of 61.16%. The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the business earned $0.99 earnings per share. The business’s revenue was up 1.3% on a year-over-year basis. Sell-side analysts predict that Wynn Resorts, Limited will post 4.79 earnings per share for the current year.

Wynn Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were given a dividend of $0.25 per share. The ex-dividend date was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.22%. Wynn Resorts’s dividend payout ratio is 12.33%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Jefferies Financial Group lowered their target price on Wynn Resorts from $109.00 to $105.00 and set a “hold” rating for the company in a research note on Friday, January 3rd. Barclays lowered their price objective on shares of Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Morgan Stanley upped their target price on shares of Wynn Resorts from $112.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Wynn Resorts from $122.00 to $118.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, Wells Fargo & Company decreased their price objective on Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Wynn Resorts has an average rating of “Moderate Buy” and an average price target of $116.36.

Check Out Our Latest Stock Analysis on Wynn Resorts

Wynn Resorts Profile

(Free Report)

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.

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Institutional Ownership by Quarter for Wynn Resorts (NASDAQ:WYNN)

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