Universal Beteiligungs und Servicegesellschaft mbH Boosts Holdings in Wynn Resorts, Limited (NASDAQ:WYNN)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Wynn Resorts by 69.9% during the first quarter, acquiring a total of 26,836 shares worth approximately $2.24 million.
• Wynn Resorts reported $1.07 earnings per share in its latest quarterly earnings, which fell short of the expected $1.24, contributing to an 8.7% decline in revenue compared to the same period last year.
• The company declared a quarterly dividend of $0.25 per share, resulting in an annual dividend yield of 0.91%, with a dividend payout ratio of 27.78%.

Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 69.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,836 shares of the casino operator's stock after purchasing an additional 11,038 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH's holdings in Wynn Resorts were worth $2,241,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BOKF NA boosted its holdings in Wynn Resorts by 3.9% in the 4th quarter. BOKF NA now owns 3,557 shares of the casino operator's stock valued at $289,000 after purchasing an additional 132 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in Wynn Resorts by 1.9% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 7,057 shares of the casino operator's stock valued at $589,000 after purchasing an additional 132 shares in the last quarter. Snowden Capital Advisors LLC boosted its holdings in Wynn Resorts by 5.6% in the 4th quarter. Snowden Capital Advisors LLC now owns 2,589 shares of the casino operator's stock valued at $223,000 after purchasing an additional 138 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Wynn Resorts by 0.5% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 31,119 shares of the casino operator's stock valued at $2,681,000 after purchasing an additional 142 shares in the last quarter. Finally, Navalign LLC boosted its holdings in Wynn Resorts by 1.8% in the 1st quarter. Navalign LLC now owns 8,252 shares of the casino operator's stock valued at $689,000 after purchasing an additional 144 shares in the last quarter. Hedge funds and other institutional investors own 88.64% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WYNN. JPMorgan Chase & Co. began coverage on shares of Wynn Resorts in a research note on Monday, June 23rd. They set an "overweight" rating and a $109.00 price target on the stock. Bank of America raised Wynn Resorts from a "neutral" rating to a "buy" rating and set a $100.00 price objective for the company in a report on Wednesday, May 7th. The Goldman Sachs Group assumed coverage on Wynn Resorts in a report on Monday, July 7th. They set a "buy" rating and a $122.00 price objective for the company. Barclays lifted their price objective on Wynn Resorts from $101.00 to $127.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Finally, Stifel Nicolaus set a $113.00 price target on shares of Wynn Resorts in a research report on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, Wynn Resorts has a consensus rating of "Moderate Buy" and a consensus target price of $114.71.

Insider Transactions at Wynn Resorts

In other Wynn Resorts news, Director Patricia Mulroy sold 2,262 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $92.12, for a total transaction of $208,375.44. Following the completion of the sale, the director directly owned 3,066 shares in the company, valued at $282,439.92. The trade was a 42.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.52% of the stock is currently owned by corporate insiders.

Wynn Resorts Stock Down 1.0%

Shares of NASDAQ:WYNN traded down $1.10 during trading on Friday, reaching $107.93. The stock had a trading volume of 1,650,865 shares, compared to its average volume of 1,708,547. The business has a fifty day moving average price of $98.19 and a 200-day moving average price of $88.90. The stock has a market cap of $11.28 billion, a P/E ratio of 29.98, a PEG ratio of 3.01 and a beta of 1.41. Wynn Resorts, Limited has a fifty-two week low of $65.25 and a fifty-two week high of $112.36.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last released its earnings results on Tuesday, May 6th. The casino operator reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.17). Wynn Resorts had a negative return on equity of 62.13% and a net margin of 6.17%. The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period in the prior year, the business posted $1.59 earnings per share. Wynn Resorts's revenue was down 8.7% on a year-over-year basis. As a group, equities analysts forecast 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 Friday, May 30th. Shareholders of record on Friday, May 16th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, May 16th. Wynn Resorts's payout ratio is currently 27.78%.

Wynn Resorts Profile

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.