U.S. Capital Wealth Advisors LLC Has $4.89 Million Stock Holdings in Wynn Resorts, Limited $WYNN

Key Points

• U.S. Capital Wealth Advisors LLC increased its holdings in Wynn Resorts by 16.4% during Q2, owning a total of 52,160 shares valued at $4.89 million.
• Multiple institutional investors raised their stakes in Wynn Resorts, leading to 88.64% of the stock being owned by such entities.
• Analysts have generally positive views on the stock, with 14 analysts rating it as a "Buy" and an average price target of $125.47.

U.S. Capital Wealth Advisors LLC grew its holdings in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 16.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,160 shares of the casino operator's stock after purchasing an additional 7,359 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in Wynn Resorts were worth $4,886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Regal Partners Ltd raised its stake in Wynn Resorts by 21.5% during the 1st quarter. Regal Partners Ltd now owns 1,091,578 shares of the casino operator's stock worth $91,147,000 after buying an additional 192,873 shares during the period. Raymond James Financial Inc. raised its stake in Wynn Resorts by 12.7% during the 1st quarter. Raymond James Financial Inc. now owns 992,022 shares of the casino operator's stock worth $82,834,000 after buying an additional 111,428 shares during the period. DAVENPORT & Co LLC acquired a new position in Wynn Resorts during the 1st quarter worth approximately $49,476,000. Nuveen LLC acquired a new position in Wynn Resorts during the 1st quarter worth approximately $41,731,000. Finally, Assenagon Asset Management S.A. raised its stake in Wynn Resorts by 758.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 386,721 shares of the casino operator's stock worth $32,291,000 after buying an additional 341,688 shares during the period. 88.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WYNN has been the topic of a number of research reports. Argus raised Wynn Resorts from a "hold" rating to a "buy" rating and set a $145.00 price target on the stock in a research note on Wednesday, September 3rd. Jefferies Financial Group upped their price target on Wynn Resorts from $130.00 to $133.00 and gave the stock a "buy" rating in a research note on Monday, August 11th. Morgan Stanley boosted their price objective on Wynn Resorts from $113.00 to $128.00 and gave the stock an "overweight" rating in a report on Thursday, September 11th. Stifel Nicolaus boosted their price objective on Wynn Resorts from $130.00 to $145.00 and gave the stock a "buy" rating in a report on Thursday, September 18th. Finally, The Goldman Sachs Group began 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. Fourteen equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $125.47.

Insider Activity

In other Wynn Resorts news, Director Patricia Mulroy sold 4,438 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $125.00, for a total transaction of $554,750.00. Following the sale, the director owned 3,066 shares in the company, valued at $383,250. This represents a 59.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.52% of the stock is currently owned by corporate insiders.

Wynn Resorts Trading Down 2.7%

Shares of NASDAQ WYNN opened at $126.05 on Tuesday. The stock has a fifty day simple moving average of $115.40 and a two-hundred day simple moving average of $96.98. Wynn Resorts, Limited has a 1-year low of $65.25 and a 1-year high of $130.84. The firm has a market cap of $13.11 billion, a price-to-earnings ratio of 37.85, a price-to-earnings-growth ratio of 6.59 and a beta of 1.37.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The casino operator reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.11). Wynn Resorts had a net margin of 5.51% and a negative return on equity of 56.78%. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period last year, the company posted $1.12 earnings per share. Wynn Resorts's revenue for the quarter was up .6% on a year-over-year basis. Analysts forecast that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were given a dividend of $0.25 per share. The ex-dividend date was Monday, August 18th. This represents a $1.00 annualized dividend and a dividend yield of 0.8%. Wynn Resorts's dividend payout ratio is currently 30.03%.

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.

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