Long Focus Capital Management LLC Has $11.54 Million Stock Position in Wynn Resorts, Limited $WYNN

Long Focus Capital Management LLC trimmed its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 70.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,000 shares of the casino operator’s stock after selling 210,000 shares during the quarter. Long Focus Capital Management LLC owned approximately 0.09% of Wynn Resorts worth $11,544,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Westside Investment Management Inc. boosted its holdings in shares of Wynn Resorts by 40.2% during the third quarter. Westside Investment Management Inc. now owns 338 shares of the casino operator’s stock worth $44,000 after purchasing an additional 97 shares during the period. Parallel Advisors LLC increased its stake in Wynn Resorts by 21.6% in the 3rd quarter. Parallel Advisors LLC now owns 563 shares of the casino operator’s stock valued at $72,000 after buying an additional 100 shares during the period. UMB Bank n.a. lifted its position in Wynn Resorts by 41.5% in the 3rd quarter. UMB Bank n.a. now owns 385 shares of the casino operator’s stock worth $49,000 after buying an additional 113 shares in the last quarter. Global Retirement Partners LLC lifted its position in Wynn Resorts by 19.6% in the 3rd quarter. Global Retirement Partners LLC now owns 818 shares of the casino operator’s stock worth $105,000 after buying an additional 134 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in shares of Wynn Resorts by 4.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 3,047 shares of the casino operator’s stock valued at $391,000 after buying an additional 138 shares during the period. 88.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Susquehanna restated a “positive” rating and issued a $133.00 target price on shares of Wynn Resorts in a research note on Thursday, February 12th. UBS Group reaffirmed a “buy” rating on shares of Wynn Resorts in a research note on Monday, February 23rd. Jefferies Financial Group boosted their price target on Wynn Resorts from $146.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 8th. Stifel Nicolaus dropped their price objective on Wynn Resorts from $160.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Finally, Macquarie Infrastructure reaffirmed an “outperform” rating and set a $143.00 price objective on shares of Wynn Resorts in a research report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $138.87.

Wynn Resorts Stock Performance

Shares of WYNN opened at $100.63 on Tuesday. The company has a 50-day simple moving average of $111.03 and a 200-day simple moving average of $119.46. Wynn Resorts, Limited has a 52 week low of $65.25 and a 52 week high of $134.72. The firm has a market capitalization of $10.49 billion, a P/E ratio of 33.54, a P/E/G ratio of 11.98 and a beta of 1.01.

Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Thursday, February 12th. The casino operator reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.16). The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.85 billion. Wynn Resorts had a negative return on equity of 39.05% and a net margin of 4.59%.The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the business earned $2.42 earnings per share. As a group, equities analysts forecast that Wynn Resorts, Limited will post 5.17 earnings per share for the current year.

Wynn Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, February 23rd were given a dividend of $0.25 per share. The ex-dividend date was Monday, February 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.0%. Wynn Resorts’s payout ratio is currently 33.33%.

About Wynn Resorts

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.