Sanctuary Advisors LLC acquired a new stake in Wynn Resorts, Limited (NASDAQ:WYNN – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 6,391 shares of the casino operator’s stock, valued at approximately $621,000.
Other institutional investors have also added to or reduced their stakes in the company. MUFG Securities EMEA plc bought a new position in shares of Wynn Resorts in the 2nd quarter valued at $25,000. Hantz Financial Services Inc. grew its position in Wynn Resorts by 54.9% during the 4th quarter. Hantz Financial Services Inc. now owns 251 shares of the casino operator’s stock worth $30,000 after acquiring an additional 89 shares during the last quarter. SHP Wealth Management acquired a new position in Wynn Resorts in the 4th quarter worth about $32,000. Geneos Wealth Management Inc. increased its holdings in Wynn Resorts by 69.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 382 shares of the casino operator’s stock worth $32,000 after purchasing an additional 156 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in Wynn Resorts in the fourth quarter valued at about $34,000. 88.64% of the stock is currently owned by institutional investors and hedge funds.
Wynn Resorts Price Performance
Shares of WYNN opened at $95.26 on Friday. Wynn Resorts, Limited has a 1 year low of $92.52 and a 1 year high of $134.72. The company has a market capitalization of $9.81 billion, a price-to-earnings ratio of 23.64, a price-to-earnings-growth ratio of 0.83 and a beta of 1.01. The business has a 50-day moving average of $99.00 and a 200-day moving average of $102.44.
Wynn Resorts Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a $0.25 dividend. The ex-dividend date was Friday, August 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.0%. Wynn Resorts’s payout ratio is 24.81%.
Analyst Ratings Changes
WYNN has been the topic of several research reports. Argus boosted their price target on Wynn Resorts from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Wells Fargo & Company cut their target price on shares of Wynn Resorts from $141.00 to $131.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 5th. Truist Financial initiated coverage on shares of Wynn Resorts in a report on Wednesday, July 8th. They set a “buy” rating and a $125.00 target price on the stock. Stifel Nicolaus set a $143.00 price target on shares of Wynn Resorts in a research note on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $137.00 price target on shares of Wynn Resorts in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Wynn Resorts has a consensus rating of “Moderate Buy” and a consensus price target of $134.19.
Check Out Our Latest Stock Analysis on WYNN
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.
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