Westfield Capital Management Co. LP lifted its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN – Free Report) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 581,717 shares of the casino operator’s stock after acquiring an additional 8,023 shares during the period. Westfield Capital Management Co. LP owned approximately 0.56% of Wynn Resorts worth $69,998,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Wynn Resorts by 10.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,961 shares of the casino operator’s stock valued at $665,000 after acquiring an additional 754 shares during the period. Woodline Partners LP grew its position in shares of Wynn Resorts by 36.2% during 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 during the period. Geneos Wealth Management Inc. grew 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. grew 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 position 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 valued at $937,000 after acquiring an additional 868 shares during the period. Institutional investors own 88.64% of the company’s stock.
Wynn Resorts Stock Up 0.8%
Shares of WYNN stock opened at $104.48 on Friday. The stock has a market cap of $10.84 billion, a P/E ratio of 31.19, a PEG ratio of 0.97 and a beta of 0.98. Wynn Resorts, Limited has a 52 week low of $82.64 and a 52 week high of $134.72. The company’s fifty day simple moving average is $102.43 and its two-hundred day simple moving average is $110.99.
Wynn Resorts Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, May 18th. Wynn Resorts’s dividend payout ratio is presently 29.85%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on WYNN shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $137.00 price objective on shares of Wynn Resorts in a research report on Friday, May 8th. Susquehanna cut their price objective on shares of Wynn Resorts from $133.00 to $127.00 and set a “positive” rating for the company in a research report on Thursday, April 16th. Jefferies Financial Group cut their price objective on shares of Wynn Resorts from $161.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, April 6th. Barclays cut their price objective on shares of Wynn Resorts from $143.00 to $139.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. Finally, Bank of America lowered their target price on shares of Wynn Resorts from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Wynn Resorts currently has an average rating of “Moderate Buy” and an average target price of $140.00.
Read Our Latest Stock Analysis on Wynn Resorts
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.
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