Capital Advisors Ltd. LLC Has $8.86 Million Stock Holdings in Wynn Resorts, Limited $WYNN

Key Points

• Capital Advisors Ltd. LLC boosted its Wynn stake by 433,217.6% in Q4, now owning 73,664 shares worth about $8.86 million, making WYNN its 25th largest holding and ~0.07% of the company.
• Several large institutions (Palidye, Zurich, Thrivent, Bamco, Westfield) have recently built or increased positions, leaving institutional and hedge funds with 88.64% ownership of Wynn.
• Wynn missed Q earnings (EPS $1.17 vs. $1.33 est.) though revenue of $1.87B slightly beat; the company pays a $0.25 quarterly dividend (1.0% yield) and carries a consensus analyst rating of Moderate Buy with an average target of $138.53.

Capital Advisors Ltd. LLC boosted its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 433,217.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 73,664 shares of the casino operator's stock after buying an additional 73,647 shares during the quarter. Wynn Resorts makes up approximately 1.0% of Capital Advisors Ltd. LLC's holdings, making the stock its 25th largest holding. Capital Advisors Ltd. LLC owned about 0.07% of Wynn Resorts worth $8,864,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Palidye Holdings Caymans Ltd acquired a new position in shares of Wynn Resorts in the 2nd quarter valued at $104,629,000. Zurich Insurance Group Ltd FI acquired a new position in shares of Wynn Resorts in the 3rd quarter valued at $110,213,000. Thrivent Financial for Lutherans lifted its stake in shares of Wynn Resorts by 6,391.3% in the 2nd quarter. Thrivent Financial for Lutherans now owns 748,769 shares of the casino operator's stock valued at $70,138,000 after purchasing an additional 737,234 shares during the period. Westfield Capital Management Co. LP acquired a new position in shares of Wynn Resorts in the 3rd quarter valued at $73,588,000. Finally, Bamco Inc. NY lifted its stake in shares of Wynn Resorts by 56.5% in the 2nd quarter. Bamco Inc. NY now owns 1,337,236 shares of the casino operator's stock valued at $125,259,000 after purchasing an additional 482,570 shares during the period. Institutional investors and hedge funds own 88.64% of the company's stock.

Wynn Resorts Stock Up 0.7%

WYNN opened at $102.71 on Tuesday. Wynn Resorts, Limited has a 12 month low of $65.25 and a 12 month high of $134.72. The company has a fifty day simple moving average of $106.64 and a 200 day simple moving average of $117.08. The stock has a market cap of $10.69 billion, a P/E ratio of 34.24, a P/E/G ratio of 8.67 and a beta of 1.04.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last released its quarterly earnings data on Thursday, February 12th. The casino operator reported $1.17 EPS for the quarter, missing analysts' consensus estimates 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 quarter in the prior year, the company earned $2.42 EPS. Wynn Resorts's quarterly revenue was up 1.5% on a year-over-year basis. On average, equities research analysts expect that Wynn Resorts, Limited will post 5.17 earnings per share for the current fiscal year.

Wynn Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, February 23rd were given a $0.25 dividend. The ex-dividend date was Monday, February 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.0%. Wynn Resorts's dividend payout ratio is currently 33.33%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WYNN. Morgan Stanley cut their price target on Wynn Resorts from $139.00 to $136.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 25th. Jefferies Financial Group cut their price target on Wynn Resorts from $161.00 to $150.00 and set a "buy" rating on the stock in a research note on Monday. Macquarie Infrastructure reissued an "outperform" rating and issued a $143.00 price target on shares of Wynn Resorts in a research note on Monday, December 8th. Texas Capital raised Wynn Resorts to a "strong-buy" rating in a research note on Thursday, January 8th. Finally, Deutsche Bank Aktiengesellschaft set a $144.00 price target on Wynn Resorts in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $138.53.

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.

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