Interval Partners LP Grows Position in Wynn Resorts, Limited $WYNN

Interval Partners LP boosted its stake in Wynn Resorts, Limited (NASDAQ:WYNN) by 34.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 98,382 shares of the casino operator’s stock after purchasing an additional 25,147 shares during the quarter. Interval Partners LP’s holdings in Wynn Resorts were worth $11,838,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. MUFG Securities EMEA plc purchased a new stake in Wynn Resorts in the second quarter valued at approximately $25,000. Hantz Financial Services Inc. grew its holdings in Wynn Resorts by 54.9% in the fourth quarter. Hantz Financial Services Inc. now owns 251 shares of the casino operator’s stock valued at $30,000 after purchasing an additional 89 shares during the period. Cromwell Holdings LLC grew its holdings in Wynn Resorts by 68.2% in the fourth quarter. Cromwell Holdings LLC now owns 254 shares of the casino operator’s stock valued at $31,000 after purchasing an additional 103 shares during the period. Geneos Wealth Management Inc. grew its holdings in Wynn Resorts by 69.0% in the first quarter. Geneos Wealth Management Inc. now owns 382 shares of the casino operator’s stock valued at $32,000 after purchasing an additional 156 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in Wynn Resorts in the fourth quarter valued at approximately $34,000. 88.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on WYNN. Bank of America reduced their price target on shares of Wynn Resorts from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Wells Fargo & Company set a $142.00 price target on shares of Wynn Resorts and gave the company an “overweight” rating in a research report on Sunday, May 10th. Jefferies Financial Group reduced their price target on shares of Wynn Resorts from $161.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Mizuho reduced their target price on shares of Wynn Resorts from $134.00 to $133.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 12th. Finally, Citigroup cut their price target on shares of Wynn Resorts from $145.00 to $132.00 and set a “buy” rating on the stock in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $140.00.

Wynn Resorts Stock Performance

Wynn Resorts stock opened at $102.31 on Thursday. The company has a 50-day simple moving average of $103.24 and a 200-day simple moving average of $109.95. The firm has a market capitalization of $10.62 billion, a P/E ratio of 30.54, a P/E/G ratio of 0.97 and a beta of 0.98. Wynn Resorts, Limited has a one year low of $86.53 and a one year high of $134.72.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings results on Thursday, May 7th. The casino operator reported $1.25 EPS for the quarter, topping the consensus estimate of $1.18 by $0.07. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.82 billion. Wynn Resorts had a net margin of 5.14% and a negative return on equity of 42.03%. The company’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.07 earnings per share. As a group, sell-side analysts forecast that Wynn Resorts, Limited will post 4.61 earnings per share for the current year.

Wynn Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were given a dividend of $0.25 per share. The ex-dividend date was Monday, May 18th. This represents a $1.00 annualized dividend and a dividend yield of 1.0%. Wynn Resorts’s dividend payout ratio is currently 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.