Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in Wynn Resorts, Limited (NASDAQ:WYNN) by 13.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,905 shares of the casino operator’s stock after buying an additional 2,206 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Wynn Resorts were worth $2,674,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of WYNN. Huntington National Bank bought a new position in Wynn Resorts in the 4th quarter valued at approximately $28,000. Manchester Financial Inc. bought a new position in Wynn Resorts in the 4th quarter valued at approximately $41,000. Howe & Rusling Inc. bought a new position in Wynn Resorts in the 3rd quarter valued at approximately $48,000. Quadrant Capital Group LLC raised its holdings in Wynn Resorts by 153.5% in the 4th quarter. Quadrant Capital Group LLC now owns 431 shares of the casino operator’s stock valued at $53,000 after buying an additional 261 shares during the last quarter. Finally, Penserra Capital Management LLC raised its holdings in Wynn Resorts by 9.2% in the 3rd quarter. Penserra Capital Management LLC now owns 1,215 shares of the casino operator’s stock valued at $131,000 after buying an additional 102 shares during the last quarter. Institutional investors and hedge funds own 72.65% of the company’s stock.
A number of research analysts recently issued reports on the stock. Citigroup lowered shares of Wynn Resorts from a “buy” rating to a “neutral” rating and set a $140.00 price objective for the company. in a report on Wednesday, January 8th. Cfra downgraded shares of Wynn Resorts from a “hold” rating to a “strong sell” rating in a research report on Friday, February 7th. Union Gaming Research downgraded shares of Wynn Resorts from a “buy” rating to a “hold” rating and decreased their target price for the company from $150.00 to $135.00 in a research report on Thursday, November 7th. Wolfe Research raised shares of Wynn Resorts from a “peer perform” rating to an “outperform” rating and set a $176.00 target price for the company in a research report on Friday, January 10th. Finally, BidaskClub downgraded shares of Wynn Resorts from a “hold” rating to a “sell” rating in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $144.25.
NASDAQ:WYNN opened at $132.14 on Friday. The company has a market capitalization of $14.19 billion, a PE ratio of 114.90, a P/E/G ratio of 3.78 and a beta of 2.13. The company has a 50 day simple moving average of $137.64 and a two-hundred day simple moving average of $122.40. The company has a debt-to-equity ratio of 5.75, a quick ratio of 1.05 and a current ratio of 1.09. Wynn Resorts, Limited has a fifty-two week low of $102.03 and a fifty-two week high of $153.41.
Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Thursday, February 6th. The casino operator reported ($0.62) earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($1.53). The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.72 billion. Wynn Resorts had a net margin of 1.86% and a return on equity of 15.43%. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.06 EPS. Research analysts predict that Wynn Resorts, Limited will post 3.38 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Wednesday, February 26th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Tuesday, February 25th. Wynn Resorts’s dividend payout ratio (DPR) is 153.26%.
Wynn Resorts Profile
Wynn Resorts, Limited owns and operates destination casino resorts. As of February 20, 2019, the company's Wynn Palace segment had approximately 424,000 square feet of casino space, which offered 320 table games and 1,041 slot machines, private gaming salons, and sky casinos; a luxury hotel towers with 1,706 guest rooms, suites, and villas; 13 food and beverage outlets; 106,000 square feet of retail space; 37,000 square feet of meeting and convention space; recreation and leisure facilities comprising a gondola ride, health club, spa, salon, and pool; and public attractions, such as performance lake and floral art displays.
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