Havemeyer Place LP Purchases Shares of 16,398 Wynn Resorts, Limited $WYNN

Havemeyer Place LP purchased a new stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 16,398 shares of the casino operator’s stock, valued at approximately $1,973,000.

Other large investors have also made changes to their positions in the company. MUFG Securities EMEA plc bought a new stake in shares of Wynn Resorts during the 2nd quarter valued at about $25,000. Hantz Financial Services Inc. grew its stake in shares of Wynn Resorts by 54.9% during the 4th 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 stake in shares of Wynn Resorts by 68.2% during the 4th 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 stake in shares of Wynn Resorts by 69.0% during the 1st 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 bought a new stake in shares of Wynn Resorts during the 4th quarter valued at about $34,000. 88.64% of the stock is currently owned by institutional investors.

Wynn Resorts Trading Up 0.8%

Shares of NASDAQ:WYNN opened at $104.48 on Friday. The stock has a 50 day moving average of $102.43 and a 200 day moving average of $110.99. The company has a market cap of $10.84 billion, a PE ratio of 31.19, a price-to-earnings-growth ratio of 0.97 and a beta of 0.98. Wynn Resorts, Limited has a 12-month low of $82.64 and a 12-month high of $134.72.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings data on Thursday, May 7th. The casino operator reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.82 billion. Wynn Resorts had a negative return on equity of 42.03% and a net margin of 5.14%.The firm’s revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.07 EPS. Equities research analysts predict that Wynn Resorts, Limited will post 4.61 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on WYNN. JPMorgan Chase & Co. cut their price target on Wynn Resorts from $140.00 to $135.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. Mizuho cut their price objective on Wynn Resorts from $134.00 to $133.00 and set an “outperform” rating for the company in a research note on Tuesday, May 12th. Morgan Stanley cut their price objective on Wynn Resorts from $136.00 to $133.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. Wells Fargo & Company set a $142.00 price objective on Wynn Resorts and gave the company an “overweight” rating in a research note on Sunday, May 10th. Finally, Stifel Nicolaus cut their price objective on Wynn Resorts from $160.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, February 13th. One 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $140.00.

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.