Allianz Asset Management GmbH boosted its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,814 shares of the casino operator’s stock after buying an additional 1,452 shares during the period. Allianz Asset Management GmbH’s holdings in Wynn Resorts were worth $8,736,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Amalgamated Bank boosted its stake in Wynn Resorts by 9.6% during the fourth quarter. Amalgamated Bank now owns 10,557 shares of the casino operator’s stock worth $1,780,000 after buying an additional 928 shares in the last quarter. Mackenzie Financial Corp boosted its stake in Wynn Resorts by 1,522.7% during the fourth quarter. Mackenzie Financial Corp now owns 371,560 shares of the casino operator’s stock worth $62,641,000 after buying an additional 348,662 shares in the last quarter. Barometer Capital Management Inc. acquired a new stake in Wynn Resorts during the fourth quarter worth $17,567,000. Cbre Clarion Securities LLC acquired a new stake in Wynn Resorts during the fourth quarter worth $4,535,000. Finally, Cookson Peirce & Co. Inc. boosted its stake in Wynn Resorts by 10.4% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 5,100 shares of the casino operator’s stock worth $860,000 after buying an additional 480 shares in the last quarter. Hedge funds and other institutional investors own 70.37% of the company’s stock.
A number of equities research analysts have weighed in on WYNN shares. TheStreet upgraded shares of Wynn Resorts from a “c+” rating to a “b-” rating in a research note on Tuesday, December 12th. Roth Capital lifted their price target on shares of Wynn Resorts from $167.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Gabelli reiterated a “buy” rating and set a $230.00 price target on shares of Wynn Resorts in a research note on Tuesday, January 23rd. Citigroup set a $228.00 price target on shares of Wynn Resorts and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Finally, BidaskClub raised Wynn Resorts from a “hold” rating to a “buy” rating in a report on Tuesday, January 23rd. Eleven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Wynn Resorts presently has a consensus rating of “Buy” and a consensus price target of $182.80.
Wynn Resorts, Limited (NASDAQ:WYNN) opened at $185.41 on Wednesday. The company has a quick ratio of 1.74, a current ratio of 1.77 and a debt-to-equity ratio of 8.87. Wynn Resorts, Limited has a twelve month low of $103.13 and a twelve month high of $203.63. The stock has a market capitalization of $19,060.00, a PE ratio of 46.70 and a beta of 1.51.
Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings results on Monday, January 22nd. The casino operator reported $1.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.07. Wynn Resorts had a return on equity of 100.14% and a net margin of 11.85%. The business had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same period in the previous year, the business posted $0.50 earnings per share. The firm’s revenue for the quarter was up 29.9% compared to the same quarter last year. research analysts predict that Wynn Resorts, Limited will post 7.69 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Thursday, February 15th were issued a $0.50 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.08%. Wynn Resorts’s dividend payout ratio is 50.38%.
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Wynn Resorts Company Profile
Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations.
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