Keybank National Association OH Has $2.08 Million Stock Holdings in Wynn Resorts, Limited $WYNN

Key Points

• KeyBank National Association OH reduced its stake in Wynn Resorts by 40.3% in Q4, selling 11,662 shares and retaining 17,259 shares worth about $2.08 million per its latest 13F filing.
• Wynn reported Q4 EPS of $1.17 (missing the $1.33 estimate) while revenue of $1.87 billion slightly beat expectations; the stock trades near $106 with a market cap around $11.03 billion and an average analyst price target of $137.93 (consensus "Moderate Buy").
• The company pays a quarterly dividend of $0.25 (annualized $1.00, yield ~0.9%) and institutional investors hold about 88.64% of the shares outstanding.

Keybank National Association OH lessened its position in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 40.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,259 shares of the casino operator's stock after selling 11,662 shares during the quarter. Keybank National Association OH's holdings in Wynn Resorts were worth $2,077,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of WYNN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Wynn Resorts by 10.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,961 shares of the casino operator's stock valued at $665,000 after buying an additional 754 shares during the last quarter. Woodline Partners LP raised its position in Wynn Resorts by 36.2% in the 1st quarter. Woodline Partners LP now owns 7,568 shares of the casino operator's stock valued at $632,000 after buying an additional 2,012 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Wynn Resorts by 69.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 382 shares of the casino operator's stock valued at $32,000 after buying an additional 156 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Wynn Resorts by 13.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,659 shares of the casino operator's stock valued at $155,000 after buying an additional 201 shares during the last quarter. Finally, Guggenheim Capital LLC raised its position in Wynn Resorts by 9.5% in the 2nd quarter. Guggenheim Capital LLC now owns 10,008 shares of the casino operator's stock valued at $937,000 after buying an additional 868 shares during the last quarter. Institutional investors and hedge funds own 88.64% of the company's stock.

Wynn Resorts Stock Down 1.1%

WYNN stock opened at $105.98 on Friday. The business has a 50 day moving average price of $103.97 and a two-hundred day moving average price of $114.60. The company has a market cap of $11.03 billion, a price-to-earnings ratio of 35.33, a P/E/G ratio of 5.94 and a beta of 1.04. Wynn Resorts, Limited has a twelve month low of $80.86 and a twelve month high of $134.72.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last issued its earnings results on Thursday, February 12th. The casino operator reported $1.17 EPS for the quarter, missing the consensus estimate 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 in the prior year, the firm posted $2.42 earnings per share. The business's revenue was up 1.5% compared to the same quarter last year. On average, equities research analysts anticipate that Wynn Resorts, Limited will post 4.93 EPS for the current fiscal year.

Wynn Resorts Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on WYNN. Morgan Stanley decreased their price target 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. Barclays raised their price target on Wynn Resorts from $141.00 to $143.00 and gave the company an "overweight" rating in a research note on Friday, January 16th. Susquehanna decreased their price target on Wynn Resorts from $133.00 to $127.00 and set a "positive" rating for the company in a research note on Thursday, April 16th. Jefferies Financial Group decreased their price target on Wynn Resorts from $161.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, April 6th. Finally, Stifel Nicolaus decreased their price target on Wynn Resorts from $160.00 to $150.00 and set a "buy" rating for the company in a research note on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $137.93.

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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