Wynn Resorts, Limited $WYNN Holdings Raised by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC increased its stake in Wynn Resorts, Limited (NASDAQ:WYNN) by 42.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,466 shares of the casino operator’s stock after purchasing an additional 5,537 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Wynn Resorts were worth $1,793,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WYNN. Hantz Financial Services Inc. increased its stake in 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 buying an additional 89 shares during the period. Horizon Investments LLC lifted its stake in shares of Wynn Resorts by 6.7% in the 4th quarter. Horizon Investments LLC now owns 1,500 shares of the casino operator’s stock worth $180,000 after acquiring an additional 94 shares during the period. QRG Capital Management Inc. boosted its holdings in shares of Wynn Resorts by 4.9% in the first quarter. QRG Capital Management Inc. now owns 2,071 shares of the casino operator’s stock valued at $210,000 after acquiring an additional 96 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of Wynn Resorts by 21.6% in the third quarter. Parallel Advisors LLC now owns 563 shares of the casino operator’s stock valued at $72,000 after acquiring an additional 100 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in shares of Wynn Resorts by 23.5% during the fourth quarter. Larson Financial Group LLC now owns 557 shares of the casino operator’s stock valued at $67,000 after acquiring an additional 106 shares during the period. Institutional investors own 88.64% of the company’s stock.

Wynn Resorts Stock Performance

Shares of NASDAQ:WYNN opened at $90.60 on Wednesday. The stock has a market capitalization of $9.33 billion, a price-to-earnings ratio of 22.48, a PEG ratio of 1.10 and a beta of 1.00. Wynn Resorts, Limited has a 1-year low of $89.44 and a 1-year high of $134.72. The company has a 50 day moving average price of $98.48 and a 200 day moving average price of $101.98.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings results on Tuesday, August 4th. The casino operator reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.25. Wynn Resorts had a negative return on equity of 46.52% and a net margin of 6.05%.The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter in the prior year, the company earned $1.09 earnings per share. The firm’s revenue was up 6.9% on a year-over-year basis. On average, sell-side analysts expect that Wynn Resorts, Limited will post 4.55 EPS for the current fiscal year.

Wynn Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, August 14th. Wynn Resorts’s payout ratio is presently 24.81%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Truist Financial assumed coverage on Wynn Resorts in a report on Wednesday, July 8th. They set a “buy” rating and a $125.00 target price on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $137.00 price target on shares of Wynn Resorts in a research report on Friday, May 8th. Zacks Research raised Wynn Resorts from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. Barclays upped their price objective on Wynn Resorts from $134.00 to $136.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Finally, Wells Fargo & Company decreased their target price on Wynn Resorts from $141.00 to $131.00 and set an “overweight” rating for the company in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $134.19.

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.