Engineers Gate Manager LP Buys Shares of 155,748 Wynn Resorts, Limited $WYNN

Engineers Gate Manager LP purchased a new position in Wynn Resorts, Limited (NASDAQ:WYNNFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 155,748 shares of the casino operator’s stock, valued at approximately $18,741,000. Engineers Gate Manager LP owned about 0.15% of Wynn Resorts as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Hantz Financial Services Inc. raised its stake in Wynn Resorts by 54.9% in 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 last quarter. Horizon Investments LLC boosted its stake in shares of Wynn Resorts by 6.7% during the 4th quarter. Horizon Investments LLC now owns 1,500 shares of the casino operator’s stock worth $180,000 after purchasing an additional 94 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Wynn Resorts by 21.6% during the third quarter. Parallel Advisors LLC now owns 563 shares of the casino operator’s stock worth $72,000 after buying an additional 100 shares in the last quarter. Cromwell Holdings LLC raised its position in shares of Wynn Resorts by 68.2% in the fourth quarter. Cromwell Holdings LLC now owns 254 shares of the casino operator’s stock valued at $31,000 after buying an additional 103 shares during the last quarter. Finally, Larson Financial Group LLC raised its position in shares of Wynn Resorts by 23.5% in the fourth quarter. Larson Financial Group LLC now owns 557 shares of the casino operator’s stock valued at $67,000 after buying an additional 106 shares during the last quarter. Institutional investors and hedge funds own 88.64% of the company’s stock.

Wynn Resorts Stock Down 1.3%

Shares of NASDAQ WYNN opened at $102.31 on Thursday. The stock has a market capitalization of $10.62 billion, a PE ratio of 30.54, a P/E/G ratio of 0.97 and a beta of 0.98. The firm has a fifty day moving average of $103.24 and a 200-day moving average of $109.95. Wynn Resorts, Limited has a 52-week low of $86.53 and a 52-week high of $134.72.

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

Wynn Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were paid 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 payout ratio is currently 29.85%.

Wall Street Analysts Forecast Growth

Several research firms have commented on WYNN. Citigroup lowered their target price on shares of Wynn Resorts from $145.00 to $132.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Susquehanna reduced their price target on Wynn Resorts from $133.00 to $127.00 and set a “positive” rating on the stock in a research note on Thursday, April 16th. Morgan Stanley lowered their price objective on Wynn Resorts from $136.00 to $133.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. UBS Group reiterated a “buy” rating on shares of Wynn Resorts in a research note on Monday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $137.00 target price on shares of Wynn Resorts in a research report on Friday, May 8th. One 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 Report on WYNN

Wynn Resorts Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Wynn Resorts (NASDAQ:WYNN)

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