Pacific Heights Asset Management LLC Makes New Investment in Wynn Resorts, Limited $WYNN

Pacific Heights Asset Management LLC bought a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) during the 2nd quarter, Holdings Channel.com reports. The fund bought 200,000 shares of the casino operator’s stock, valued at approximately $19,418,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Wynn Resorts by 10.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,961 shares of the casino operator’s stock valued at $665,000 after buying an additional 754 shares during the period. Woodline Partners LP raised its holdings in Wynn Resorts by 36.2% in the 1st quarter. Woodline Partners LP now owns 7,568 shares of the casino operator’s stock valued at $632,000 after acquiring an additional 2,012 shares in the last quarter. Geneos Wealth Management Inc. lifted its position 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 acquiring an additional 156 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Wynn Resorts by 13.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,659 shares of the casino operator’s stock valued at $155,000 after acquiring an additional 201 shares during the period. Finally, Guggenheim Capital LLC grew its holdings in shares of Wynn Resorts by 9.5% during the 2nd quarter. Guggenheim Capital LLC now owns 10,008 shares of the casino operator’s stock worth $937,000 after purchasing an additional 868 shares in the last quarter. 88.64% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Wynn Resorts

Here are the key news stories impacting Wynn Resorts this week:

• Positive Sentiment: Higher Wynn Macau dividend supports cash-flow sentiment: Wynn Macau Ltd. increased its interim dividend to US$0.028 per share, signaling confidence in operating performance and potentially supporting distributions to parent company Wynn Resorts. Wynn Macau Ltd raises interim dividend to US$0.028
• Positive Sentiment: Broad upward earnings revisions: Zacks Research raised its EPS forecasts for Wynn Resorts’ third quarter and full year 2026, first and second quarters and full year 2027, and first quarter 2028. Its FY2026 estimate increased to $4.38 from $4.18, while FY2027 rose to $5.03 from $4.92, suggesting improving profit expectations.
• Positive Sentiment: Portfolio investments seen as a competitive advantage: An analyst report said Wynn’s investments across its properties support its brand strength and competitive positioning, potentially reinforcing the company’s long-term growth outlook. Wynn’s Investments Across Its Portfolio Support Its Competitive Standing and Brand Advantage
• Neutral Sentiment: Expansion progress at Wynn Al Marjan: The company unveiled a “Townhomes” accommodation concept for its developing resort in the United Arab Emirates. The announcement adds detail to the project’s positioning but does not provide a material near-term financial update. Wynn Al Marjan reveals Townhomes accommodation concept
• Negative Sentiment: Analyst rating remains cautious: Despite the mostly higher forecasts, Zacks Research maintained a “Hold” rating and lowered its Q4 2026 EPS estimate to $1.05 from $1.09. The mixed outlook may be limiting investor enthusiasm.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WYNN. Citigroup reaffirmed a “buy” rating on shares of Wynn Resorts in a research note on Thursday, August 6th. JPMorgan Chase & Co. reduced their price objective on shares of Wynn Resorts from $135.00 to $134.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 15th. The Goldman Sachs Group set a $120.00 target price on shares of Wynn Resorts in a report on Wednesday, July 15th. Argus upped their price target on shares of Wynn Resorts from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $128.00 price target on shares of Wynn Resorts in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $134.19.

Wynn Resorts Stock Down 3.7%

NASDAQ:WYNN opened at $93.61 on Friday. Wynn Resorts, Limited has a twelve month low of $92.52 and a twelve month high of $134.72. The stock’s 50-day simple moving average is $99.21 and its 200 day simple moving average is $102.49. The firm has a market capitalization of $9.64 billion, a PE ratio of 23.23, a price-to-earnings-growth ratio of 0.85 and a beta of 1.01.

Wynn Resorts (NASDAQ:WYNN) last issued its earnings results on Tuesday, August 4th. The casino operator reported $1.24 EPS for the quarter, topping the consensus estimate of $0.99 by $0.25. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.83 billion. Wynn Resorts had a negative return on equity of 46.52% and a net margin of 6.05%.The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.09 earnings per share. On average, analysts anticipate that Wynn Resorts, Limited will post 4.65 EPS for the current fiscal year.

Wynn Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, August 14th. Wynn Resorts’s dividend payout ratio is currently 24.81%.

Wynn Resorts 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.