Pacific Heights Asset Management LLC Makes New $19.42 Million Investment in Wynn Resorts, Limited $WYNN

Key Points

• Pacific Heights Asset Management acquired 200,000 Wynn Resorts shares worth approximately $19.42 million, giving it a 0.19% stake. Institutional investors and hedge funds collectively own 88.64% of the company.
• Wynn Resorts beat quarterly expectations with EPS of $1.24 versus the $0.99 consensus, while revenue rose 6.9% year over year to $1.86 billion.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and $134.19 price target, although some firms have cut targets and Zacks retained a “Hold” rating. The company also declared a $0.25 quarterly dividend, equivalent to a 1.1% yield.

Pacific Heights Asset Management LLC bought a new stake in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 200,000 shares of the casino operator's stock, valued at approximately $19,418,000. Pacific Heights Asset Management LLC owned 0.19% of Wynn Resorts at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Public Employees Retirement System of Ohio acquired a new position in shares of Wynn Resorts in the 2nd quarter valued at approximately $2,160,000. MASTERINVEST Kapitalanlage GmbH acquired a new stake in Wynn Resorts during the 2nd quarter worth approximately $224,000. Capstone Investment Advisors LLC acquired a new stake in Wynn Resorts during the 2nd quarter worth approximately $802,000. Corient Private Wealth LP acquired a new position in shares of Wynn Resorts in the second quarter valued at approximately $268,000. Finally, Bamco Inc. NY acquired a new position in shares of Wynn Resorts in the second quarter valued at approximately $67,219,000. Institutional investors and hedge funds own 88.64% of the company's stock.

Trending Headlines about Wynn Resorts

Here are the key news stories impacting Wynn Resorts this week:

• Positive Sentiment: Higher Wynn Macau dividend supports cash-flow sentiment: Wynn Macau Ltd. increased its interim dividend to US$0.028 per share, signaling confidence in operating performance and potentially supporting distributions to parent company Wynn Resorts. Wynn Macau Ltd raises interim dividend to US$0.028
• Positive Sentiment: Broad upward earnings revisions: Zacks Research raised its EPS forecasts for Wynn Resorts’ third quarter and full year 2026, first and second quarters and full year 2027, and first quarter 2028. Its FY2026 estimate increased to $4.38 from $4.18, while FY2027 rose to $5.03 from $4.92, suggesting improving profit expectations.
• Positive Sentiment: Portfolio investments seen as a competitive advantage: An analyst report said Wynn’s investments across its properties support its brand strength and competitive positioning, potentially reinforcing the company’s long-term growth outlook. Wynn’s Investments Across Its Portfolio Support Its Competitive Standing and Brand Advantage
• Neutral Sentiment: Expansion progress at Wynn Al Marjan: The company unveiled a “Townhomes” accommodation concept for its developing resort in the United Arab Emirates. The announcement adds detail to the project’s positioning but does not provide a material near-term financial update. Wynn Al Marjan reveals Townhomes accommodation concept
• Negative Sentiment: Analyst rating remains cautious: Despite the mostly higher forecasts, Zacks Research maintained a “Hold” rating and lowered its Q4 2026 EPS estimate to $1.05 from $1.09. The mixed outlook may be limiting investor enthusiasm.

Wall Street Analysts Forecast Growth

WYNN has been the topic of several recent research reports. Weiss Ratings reissued a "hold (c)" rating on shares of Wynn Resorts in a research note on Wednesday, June 24th. Bank of America reduced their price objective on Wynn Resorts from $150.00 to $140.00 and set a "buy" rating for the company in a research report on Monday, May 11th. Wells Fargo & Company dropped their target price on Wynn Resorts from $141.00 to $131.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 5th. Morgan Stanley restated an "overweight" rating and issued a $128.00 target price on shares of Wynn Resorts in a research note on Wednesday, July 22nd. Finally, Citigroup reaffirmed a "buy" rating on shares of Wynn Resorts in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $134.19.

Wynn Resorts Stock Down 3.7%

Shares of Wynn Resorts stock opened at $93.61 on Friday. The stock has a market cap of $9.64 billion, a P/E ratio of 23.23, a P/E/G ratio of 0.85 and a beta of 1.01. Wynn Resorts, Limited has a 12-month low of $92.52 and a 12-month high of $134.72. The business's 50 day moving average is $99.21 and its 200-day moving average is $102.49.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The casino operator reported $1.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.99 by $0.25. Wynn Resorts had a negative return on equity of 46.52% and a net margin of 6.05%.The company had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.83 billion. During the same period last year, the firm posted $1.09 earnings per share. The business's revenue was up 6.9% on a year-over-year basis. On average, sell-side analysts expect that Wynn Resorts, Limited will post 4.65 EPS for the current year.

Wynn Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a $0.25 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.00 annualized dividend and a yield of 1.1%. Wynn Resorts's payout ratio is 24.81%.

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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