Gamco Investors INC. ET AL lessened its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN – Free Report) by 8.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,177 shares of the casino operator’s stock after selling 7,100 shares during the quarter. Gamco Investors INC. ET AL owned about 0.07% of Wynn Resorts worth $7,634,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the company. MUFG Securities EMEA plc bought a new stake in shares of Wynn Resorts during the second quarter valued at approximately $25,000. Hantz Financial Services Inc. lifted its holdings in shares of Wynn Resorts by 54.9% in the 4th quarter. Hantz Financial Services Inc. now owns 251 shares of the casino operator’s stock worth $30,000 after purchasing an additional 89 shares in the last quarter. Cromwell Holdings LLC lifted its holdings in shares of Wynn Resorts by 68.2% in the 4th quarter. Cromwell Holdings LLC now owns 254 shares of the casino operator’s stock worth $31,000 after purchasing an additional 103 shares in the last quarter. SHP Wealth Management acquired a new stake in Wynn Resorts in the 4th quarter valued at $32,000. Finally, Geneos Wealth Management Inc. grew its position in Wynn Resorts by 69.0% in 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. 88.64% of the stock is currently owned by institutional investors and hedge funds.
Wynn Resorts Stock Performance
NASDAQ WYNN opened at $96.92 on Monday. The business has a fifty day simple moving average of $100.21 and a 200 day simple moving average of $104.86. Wynn Resorts, Limited has a 12 month low of $92.52 and a 12 month high of $134.72. The firm has a market capitalization of $10.06 billion, a P/E ratio of 28.93, a PEG ratio of 0.95 and a beta of 0.99.
Wynn Resorts Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, May 18th. Wynn Resorts’s dividend payout ratio (DPR) is presently 29.85%.
Analysts Set New Price Targets
Several research analysts have weighed in on WYNN shares. Weiss Ratings restated a “hold (c)” rating on shares of Wynn Resorts in a report on Wednesday, June 24th. Bank of America reduced their price objective on shares of Wynn Resorts from $150.00 to $140.00 and set a “buy” rating for the company in a report on Monday, May 11th. Stifel Nicolaus decreased their target price on shares of Wynn Resorts from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Thursday, July 16th. Truist Financial assumed coverage on shares of Wynn Resorts in a report on Wednesday, July 8th. They issued a “buy” rating and a $125.00 target price on the stock. Finally, Susquehanna dropped their price target on shares of Wynn Resorts from $133.00 to $127.00 and set a “positive” rating on the stock in a research report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $135.94.
View Our Latest Report on Wynn Resorts
Wynn Resorts Company 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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