Capstone Investment Advisors LLC Makes New $802,000 Investment in Wynn Resorts, Limited $WYNN

Capstone Investment Advisors LLC acquired a new stake in Wynn Resorts, Limited (NASDAQ:WYNNFree Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 8,258 shares of the casino operator’s stock, valued at approximately $802,000.

A number of other hedge funds also recently modified their holdings of WYNN. Hantz Financial Services Inc. raised its holdings 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 acquiring an additional 89 shares during the period. MUFG Securities EMEA plc bought a new stake in shares of Wynn Resorts during the second quarter worth approximately $25,000. SHP Wealth Management bought a new stake in shares of Wynn Resorts during the fourth quarter worth approximately $32,000. International Assets Investment Management LLC acquired a new position in shares of Wynn Resorts in the fourth quarter valued at approximately $34,000. Finally, Geneos Wealth Management Inc. grew its position in shares of Wynn Resorts by 69.0% in the first 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 last quarter. Institutional investors and hedge funds own 88.64% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Zacks Research raised Wynn Resorts from a “strong sell” rating to a “hold” rating in a report on Monday, August 10th. Truist Financial assumed coverage on Wynn Resorts in a report on Wednesday, July 8th. They issued a “buy” rating and a $125.00 price objective on the stock. Wells Fargo & Company lowered their price objective on Wynn Resorts from $141.00 to $131.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 5th. Citigroup reissued a “buy” rating on shares of Wynn Resorts in a report on Thursday, August 6th. Finally, The Goldman Sachs Group set a $120.00 target price on shares of Wynn Resorts in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Wynn Resorts presently has a consensus rating of “Moderate Buy” and an average target price of $134.19.

Check Out Our Latest Stock Analysis on Wynn Resorts

Wynn Resorts Price Performance

Wynn Resorts stock opened at $95.26 on Friday. The stock’s fifty day moving average price is $99.00 and its two-hundred day moving average price is $102.44. Wynn Resorts, Limited has a one year low of $92.52 and a one year high of $134.72. The firm has a market cap of $9.81 billion, a PE ratio of 23.64, a price-to-earnings-growth ratio of 0.82 and a beta of 1.01.

Wynn Resorts (NASDAQ:WYNNGet Free Report) last released its earnings results on Tuesday, August 4th. The casino operator reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates 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 company’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.09 EPS. Sell-side analysts expect that Wynn Resorts, Limited will post 4.65 earnings per share for the current fiscal year.

Wynn Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, August 14th. Wynn Resorts’s payout ratio is 24.81%.

Wynn Resorts 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.

Recommended Stories

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

Receive News & Ratings for Wynn Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wynn Resorts and related companies with MarketBeat.com's FREE daily email newsletter.