Capital International Inc. CA Acquires 38,736 Shares of Wynn Resorts, Limited $WYNN

Key Points

• Capital International Inc. CA increased its Wynn stake by 107.7% in Q3, buying an additional 38,736 shares to hold 74,717 shares worth about $9.58 million (≈0.07% of the company).
• Other institutions also added exposure—most notably Barclays PLC, which lifted its position 121.3% to 506,945 shares (≈$65.0 million)—and overall institutional ownership stands at 88.64%.
• Wynn missed EPS (reported $1.17 vs. $1.33 estimate) while revenue came in at $1.87B; the company paid a $0.25 quarterly dividend (annualized $1.00, yield 1.0%), the stock trades near $102.73, and analysts hold a consensus “Moderate Buy” with an average price target of ~$138.87.

Capital International Inc. CA increased its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 107.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 74,717 shares of the casino operator's stock after purchasing an additional 38,736 shares during the period. Capital International Inc. CA owned approximately 0.07% of Wynn Resorts worth $9,584,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in WYNN. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in shares of Wynn Resorts during the 3rd quarter worth approximately $789,000. Inceptionr LLC acquired a new stake in shares of Wynn Resorts during the 3rd quarter worth approximately $1,849,000. Private Advisor Group LLC increased its stake in shares of Wynn Resorts by 80.9% in the 3rd quarter. Private Advisor Group LLC now owns 14,573 shares of the casino operator's stock valued at $1,869,000 after acquiring an additional 6,517 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Wynn Resorts by 21.6% in the 3rd quarter. Parallel Advisors LLC now owns 563 shares of the casino operator's stock valued at $72,000 after acquiring an additional 100 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Wynn Resorts by 121.3% during the 3rd quarter. Barclays PLC now owns 506,945 shares of the casino operator's stock valued at $65,026,000 after acquiring an additional 277,917 shares during the period. 88.64% of the stock is owned by institutional investors and hedge funds.

Wynn Resorts Stock Up 1.2%

Wynn Resorts stock opened at $102.73 on Wednesday. Wynn Resorts, Limited has a 52 week low of $65.25 and a 52 week high of $134.72. The company's 50 day moving average price is $112.69 and its two-hundred day moving average price is $120.08. The stock has a market cap of $10.71 billion, a P/E ratio of 34.24, a P/E/G ratio of 12.11 and a beta of 1.01.

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 (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.16). The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.85 billion. Wynn Resorts had a net margin of 4.59% and a negative return on equity of 39.05%. The business's revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.42 earnings per share. On average, equities analysts anticipate that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. The Goldman Sachs Group restated a "buy" rating and issued a $148.00 price target on shares of Wynn Resorts in a report on Monday, December 15th. Deutsche Bank Aktiengesellschaft set a $144.00 price objective on shares of Wynn Resorts in a report on Friday, February 13th. JPMorgan Chase & Co. increased their price objective on shares of Wynn Resorts from $138.00 to $145.00 and gave the stock an "overweight" rating in a research report on Monday, December 8th. UBS Group reaffirmed a "buy" rating on shares of Wynn Resorts in a research report on Monday, February 23rd. Finally, Susquehanna reaffirmed a "positive" rating and set a $133.00 price target on shares of Wynn Resorts in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $138.87.

About Wynn Resorts

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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