Interval Partners LP Has $9.39 Million Position in Wynn Resorts, Limited $WYNN

Key Points

• Interval Partners cut its Wynn stake by 83.4% in Q3, selling 367,738 shares and leaving a 73,235‑share holding worth about $9.39 million (≈0.07% of the company).
• Other institutions are still increasing or initiating large positions — Capital World Investors holds ~9.48M shares (~$1.22B), while Norges Bank and Palidye started positions of roughly $104–106M; overall institutional ownership is 88.64%.
• Wynn recently missed EPS ($1.17 vs. $1.33 est.) though revenue slightly beat, the stock trades near $100 with a ~$10.5B market cap, pays a $1.00 annual dividend (~1.0% yield), and carries a consensus rating of "Moderate Buy" with an average target of ~$138.87.

Interval Partners LP decreased its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 83.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,235 shares of the casino operator's stock after selling 367,738 shares during the period. Interval Partners LP owned approximately 0.07% of Wynn Resorts worth $9,394,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in WYNN. Capital World Investors grew its holdings in shares of Wynn Resorts by 0.7% during the third quarter. Capital World Investors now owns 9,481,183 shares of the casino operator's stock valued at $1,216,151,000 after buying an additional 69,793 shares during the last quarter. Bamco Inc. NY raised its holdings 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 worth $125,259,000 after acquiring an additional 482,570 shares during the last quarter. Norges Bank bought a new position in Wynn Resorts in the 2nd quarter valued at about $106,289,000. Palidye Holdings Caymans Ltd bought a new position in Wynn Resorts in the 2nd quarter valued at about $104,629,000. Finally, Raymond James Financial Inc. boosted its stake in Wynn Resorts by 6.5% during the 2nd quarter. Raymond James Financial Inc. now owns 1,056,019 shares of the casino operator's stock valued at $98,917,000 after purchasing an additional 63,997 shares during the last quarter. 88.64% of the stock is owned by institutional investors.

Wynn Resorts Stock Up 1.7%

WYNN stock opened at $100.43 on Friday. The firm has a market cap of $10.47 billion, a PE ratio of 33.48, a P/E/G ratio of 11.78 and a beta of 1.01. The business has a 50 day moving average of $111.41 and a 200-day moving average of $119.67. Wynn Resorts, Limited has a 12-month low of $65.25 and a 12-month high of $134.72.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last issued its quarterly earnings results 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 negative return on equity of 39.05% and a net margin of 4.59%.The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter last year, the business posted $2.42 earnings per share. The business's revenue was up 1.5% compared to the same quarter last year. On average, research analysts expect that Wynn Resorts, Limited will post 5.17 earnings per share for the current year.

Wynn Resorts Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on WYNN. Morgan Stanley lowered their price objective on Wynn Resorts from $139.00 to $136.00 and set an "overweight" rating for the company in a research note on Wednesday, February 25th. Mizuho lifted their target price on Wynn Resorts from $131.00 to $134.00 and gave the company an "outperform" rating in a research report on Tuesday, February 17th. UBS Group reiterated a "buy" rating on shares of Wynn Resorts in a report on Monday, February 23rd. Stifel Nicolaus lowered their price target on Wynn Resorts from $160.00 to $150.00 and set a "buy" rating for the company in a research report on Friday, February 13th. Finally, Texas Capital upgraded Wynn Resorts to a "strong-buy" rating in a research note on Thursday, January 8th. 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 company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $138.87.

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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