Wynn Resorts, Limited $WYNN Shares Purchased by Canada Post Corp Registered Pension Plan

Canada Post Corp Registered Pension Plan lifted its holdings in Wynn Resorts, Limited (NASDAQ:WYNN) by 40.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 21,178 shares of the casino operator’s stock after acquiring an additional 6,068 shares during the quarter. Canada Post Corp Registered Pension Plan’s holdings in Wynn Resorts were worth $2,548,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Pacific Heights Asset Management LLC boosted its holdings in Wynn Resorts by 30.4% in the 3rd quarter. Pacific Heights Asset Management LLC now owns 150,000 shares of the casino operator’s stock valued at $19,240,000 after purchasing an additional 35,000 shares during the period. Thrivent Financial for Lutherans boosted its holdings in Wynn Resorts by 19.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 891,661 shares of the casino operator’s stock valued at $114,374,000 after purchasing an additional 142,892 shares during the period. Rakuten Investment Management Inc. bought a new stake in Wynn Resorts in the 3rd quarter valued at about $51,163,000. Capital Advisors Ltd. LLC boosted its holdings in Wynn Resorts by 433,217.6% in the 4th quarter. Capital Advisors Ltd. LLC now owns 73,664 shares of the casino operator’s stock valued at $8,864,000 after purchasing an additional 73,647 shares during the period. Finally, Hussman Strategic Advisors Inc. bought a new stake in Wynn Resorts in the 3rd quarter valued at about $1,347,000. Institutional investors and hedge funds own 88.64% of the company’s stock.

Analyst Upgrades and Downgrades

WYNN has been the subject of a number of recent research reports. Morgan Stanley cut their price objective on shares of Wynn Resorts from $136.00 to $133.00 and set an “overweight” rating for the company in a report on Thursday. Barclays cut their price objective on shares of Wynn Resorts from $143.00 to $139.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Susquehanna cut their price objective on shares of Wynn Resorts from $133.00 to $127.00 and set a “positive” rating for the company in a report on Thursday, April 16th. Mizuho cut their price objective on shares of Wynn Resorts from $134.00 to $133.00 and set an “outperform” rating for the company in a report on Tuesday, May 12th. Finally, Jefferies Financial Group cut their price objective on shares of Wynn Resorts from $161.00 to $150.00 and set a “buy” rating for the company in a report on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Wynn Resorts currently has an average rating of “Moderate Buy” and a consensus price target of $140.00.

Wynn Resorts Stock Performance

Wynn Resorts stock opened at $95.42 on Monday. Wynn Resorts, Limited has a 52 week low of $82.63 and a 52 week high of $134.72. The stock has a market capitalization of $9.90 billion, a P/E ratio of 28.48, a price-to-earnings-growth ratio of 0.85 and a beta of 1.01. The stock has a fifty day moving average of $102.78 and a 200-day moving average of $113.31.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings results on Thursday, May 7th. The casino operator reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.07. Wynn Resorts had a negative return on equity of 42.03% and a net margin of 5.14%.The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the previous year, the firm earned $1.07 EPS. Wynn Resorts’s revenue was up 9.2% on a year-over-year basis. On average, research analysts forecast that Wynn Resorts, Limited will post 4.8 earnings per share for the current year.

Wynn Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Monday, May 18th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.0%. Wynn Resorts’s payout ratio is 29.85%.

Wynn Resorts Company Profile

Wynn Resorts, Limited (NASDAQ: WYNN) is a global developer and operator of luxury resorts and casinos, renowned for its premium hospitality offerings and integrated entertainment experiences. The company specializes in high-end hotel accommodations, gaming operations, fine dining restaurants, retail outlets, meeting and convention spaces, and live entertainment venues. Its properties are designed to cater to both leisure and business travelers seeking upscale environments and world-class service.

Founded in 2002 by hospitality entrepreneur Steve Wynn, the company opened its flagship property, Wynn Las Vegas, on the Las Vegas Strip in 2005, followed by Encore Las Vegas in 2008.