Wynn Resorts, Limited (NASDAQ:WYNN) Holdings Boosted by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC boosted its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 199.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,801 shares of the casino operator's stock after purchasing an additional 29,859 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Wynn Resorts were worth $3,741,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC grew its position in Wynn Resorts by 18.4% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,125,668 shares of the casino operator's stock worth $269,308,000 after purchasing an additional 485,204 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Wynn Resorts by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 2,433,052 shares of the casino operator's stock worth $209,120,000 after acquiring an additional 26,792 shares during the last quarter. Jefferies Financial Group Inc. increased its stake in shares of Wynn Resorts by 9.0% in the fourth quarter. Jefferies Financial Group Inc. now owns 1,683,600 shares of the casino operator's stock worth $145,059,000 after acquiring an additional 139,270 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Wynn Resorts by 16.4% in the fourth quarter. Renaissance Technologies LLC now owns 1,616,756 shares of the casino operator's stock worth $139,300,000 after acquiring an additional 228,000 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Wynn Resorts in the fourth quarter worth $117,352,000. 88.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WYNN has been the topic of a number of research reports. JPMorgan Chase & Co. initiated coverage on shares of Wynn Resorts in a research note on Monday, June 23rd. They issued an "overweight" rating and a $109.00 price target on the stock. Stifel Nicolaus set a $113.00 price target on shares of Wynn Resorts in a research note on Wednesday, May 7th. Argus downgraded shares of Wynn Resorts from a "buy" rating to a "hold" rating in a research note on Wednesday, April 23rd. Mizuho dropped their price target on shares of Wynn Resorts from $132.00 to $122.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. Finally, The Goldman Sachs Group assumed coverage on shares of Wynn Resorts in a report on Monday. They issued a "buy" rating and a $122.00 price objective for the company. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Wynn Resorts has a consensus rating of "Moderate Buy" and a consensus price target of $113.58.

Wynn Resorts Stock Up 2.9%

NASDAQ:WYNN opened at $108.67 on Tuesday. Wynn Resorts, Limited has a 12-month low of $65.25 and a 12-month high of $109.50. The firm has a market capitalization of $11.36 billion, a PE ratio of 30.19, a price-to-earnings-growth ratio of 3.05 and a beta of 1.37. The firm has a 50-day moving average price of $90.56 and a 200 day moving average price of $85.70.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last posted its quarterly 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). The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.74 billion. Wynn Resorts had a negative return on equity of 62.13% and a net margin of 6.17%. The business's revenue for the quarter was down 8.7% on a year-over-year basis. During the same period last year, the company earned $1.59 EPS. On average, research analysts expect that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend was Friday, May 16th. Wynn Resorts's payout ratio is 27.78%.

Insider Buying and Selling at Wynn Resorts

In other news, Director Patricia Mulroy sold 2,262 shares of the firm'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 owned 3,066 shares of the company's stock, valued at approximately $282,439.92. This trade represents a 42.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.52% of the company's stock.

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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