Asset Management One Co. Ltd. Has $2.53 Million Stock Position in Wynn Resorts, Limited $WYNN

Key Points

• Asset Management One Co. Ltd. increased its stake in Wynn Resorts by 579% in Q4, buying 17,642 shares to own 20,689 shares worth about $2.53 million.
• Analysts have a consensus rating of "Moderate Buy" (1 Strong Buy, 13 Buy, 3 Hold) with a consensus target price near $137.93.
• Wynn missed Q4 EPS expectations (reported $1.17 vs. $1.33 estimate) while posting $1.87B in revenue, and it pays a $0.25 quarterly dividend (annualized $1.00, yield ~0.9%).

Asset Management One Co. Ltd. boosted its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 579.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 20,689 shares of the casino operator's stock after buying an additional 17,642 shares during the period. Asset Management One Co. Ltd.'s holdings in Wynn Resorts were worth $2,530,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. MUFG Securities EMEA plc acquired a new stake in Wynn Resorts during the 2nd quarter worth approximately $25,000. Root Financial Partners LLC acquired a new stake in Wynn Resorts during the 3rd quarter worth approximately $26,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of Wynn Resorts during the 3rd quarter worth approximately $31,000. Cromwell Holdings LLC grew its stake in shares of 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 acquiring an additional 103 shares in the last quarter. Finally, Atlantic Edge Private Wealth Management LLC grew its stake in shares of Wynn Resorts by 400.0% during the 3rd quarter. Atlantic Edge Private Wealth Management LLC now owns 250 shares of the casino operator's stock worth $32,000 after acquiring an additional 200 shares in the last quarter. 88.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on WYNN shares. Texas Capital raised shares of Wynn Resorts to a "strong-buy" rating in a research note on Thursday, January 8th. Morgan Stanley decreased their price target on shares of Wynn Resorts from $139.00 to $136.00 and set an "overweight" rating for the company in a research note on Wednesday, February 25th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Wynn Resorts in a research note on Monday, December 29th. Deutsche Bank Aktiengesellschaft set a $144.00 price target on shares of Wynn Resorts in a research note on Friday, February 13th. Finally, Jefferies Financial Group decreased their price target on shares of Wynn Resorts from $161.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $137.93.

Wynn Resorts Trading Down 1.0%

NASDAQ:WYNN opened at $105.61 on Friday. Wynn Resorts, Limited has a 1-year low of $78.78 and a 1-year high of $134.72. The firm has a fifty day simple moving average of $104.86 and a 200 day simple moving average of $115.18. The stock has a market capitalization of $10.99 billion, a PE ratio of 35.20, a P/E/G ratio of 5.92 and a beta of 1.04.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last released its earnings results on Thursday, February 12th. The casino operator reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.16). Wynn Resorts had a net margin of 4.59% and a negative return on equity of 39.05%. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the business posted $2.42 earnings per share. Wynn Resorts's quarterly revenue was up 1.5% compared to the same quarter last year. On average, equities analysts predict that Wynn Resorts, Limited will post 4.93 earnings per share for the current fiscal year.

Wynn Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, February 23rd were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $1.00 annualized dividend and a dividend yield of 0.9%. Wynn Resorts's dividend payout ratio (DPR) is currently 33.33%.

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.

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