LVM Capital Management Ltd. MI Acquires Shares of 6,170 Wynn Resorts, Limited (NASDAQ:WYNN)

LVM Capital Management Ltd. MI bought a new position in Wynn Resorts, Limited (NASDAQ:WYNNFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,170 shares of the casino operator’s stock, valued at approximately $532,000.

Several other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in Wynn Resorts by 91.9% in the 4th quarter. GAMMA Investing LLC now owns 2,885 shares of the casino operator’s stock worth $249,000 after acquiring an additional 1,382 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Wynn Resorts by 1.9% in the third quarter. Principal Financial Group Inc. now owns 108,067 shares of the casino operator’s stock worth $10,361,000 after purchasing an additional 2,001 shares during the last quarter. Franklin Resources Inc. raised its position in Wynn Resorts by 0.5% during the 3rd quarter. Franklin Resources Inc. now owns 250,962 shares of the casino operator’s stock valued at $26,088,000 after purchasing an additional 1,165 shares during the last quarter. Synovus Financial Corp purchased a new stake in Wynn Resorts in the 3rd quarter worth approximately $202,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Wynn Resorts in the 3rd quarter worth approximately $31,000. 88.64% of the stock is owned by hedge funds and other institutional investors.

Wynn Resorts Trading Up 2.2 %

NASDAQ:WYNN traded up $1.79 on Friday, reaching $82.96. 1,426,995 shares of the stock traded hands, compared to its average volume of 2,181,670. The company’s fifty day simple moving average is $89.78 and its 200 day simple moving average is $87.21. The company has a market capitalization of $9.11 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 3.46 and a beta of 1.77. Wynn Resorts, Limited has a 12 month low of $71.63 and a 12 month high of $110.38.

Wynn Resorts (NASDAQ:WYNNGet Free Report) last released its quarterly earnings data on Monday, November 4th. The casino operator reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.11). The business had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.73 billion. Wynn Resorts had a net margin of 13.37% and a negative return on equity of 61.16%. The business’s revenue was up 1.3% compared to the same quarter last year. During the same period last year, the company posted $0.99 earnings per share. Equities analysts anticipate that Wynn Resorts, Limited will post 4.79 EPS for the current fiscal year.

Wynn Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 1.21%. Wynn Resorts’s payout ratio is 12.33%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on WYNN. Macquarie reaffirmed an “outperform” rating and issued a $120.00 price target on shares of Wynn Resorts in a research note on Tuesday, November 5th. JPMorgan Chase & Co. raised their target price on shares of Wynn Resorts from $101.00 to $113.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Stifel Nicolaus reduced their price target on shares of Wynn Resorts from $121.00 to $103.00 and set a “buy” rating on the stock in a research report on Friday, September 13th. Wells Fargo & Company lowered their price objective on shares of Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Finally, StockNews.com downgraded Wynn Resorts from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Wynn Resorts presently has an average rating of “Moderate Buy” and an average target price of $116.36.

Read Our Latest Report on Wynn Resorts

Wynn Resorts Profile

(Free Report)

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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Institutional Ownership by Quarter for Wynn Resorts (NASDAQ:WYNN)

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