U.S. Capital Wealth Advisors LLC Lowers Stock Position in Wynn Resorts, Limited $WYNN

U.S. Capital Wealth Advisors LLC cut its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 13.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 45,329 shares of the casino operator’s stock after selling 6,831 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Wynn Resorts were worth $5,814,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Private Wealth Partners LLC lifted its holdings in Wynn Resorts by 3.1% during the second quarter. Private Wealth Partners LLC now owns 3,360 shares of the casino operator’s stock valued at $315,000 after purchasing an additional 100 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Wynn Resorts by 1.0% during the second quarter. DekaBank Deutsche Girozentrale now owns 12,356 shares of the casino operator’s stock worth $1,167,000 after buying an additional 127 shares in the last quarter. First Horizon Advisors Inc. boosted its position in Wynn Resorts by 30.9% during the second quarter. First Horizon Advisors Inc. now owns 640 shares of the casino operator’s stock worth $60,000 after acquiring an additional 151 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake 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, Bessemer Group Inc. increased its holdings in shares of Wynn Resorts by 18.2% in the second quarter. Bessemer Group Inc. now owns 1,175 shares of the casino operator’s stock valued at $110,000 after purchasing an additional 181 shares during the last quarter. 88.64% of the stock is currently owned by hedge funds and other institutional investors.

Wynn Resorts Stock Performance

NASDAQ WYNN opened at $127.94 on Friday. Wynn Resorts, Limited has a one year low of $65.25 and a one year high of $134.72. The firm has a 50 day simple moving average of $123.60 and a 200-day simple moving average of $115.03. The firm has a market cap of $13.30 billion, a price-to-earnings ratio of 28.62, a PEG ratio of 8.68 and a beta of 1.10.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings results on Thursday, November 6th. The casino operator reported $0.86 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.23). Wynn Resorts had a net margin of 7.09% and a negative return on equity of 54.88%. The business had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the prior year, the business earned $0.90 EPS. The business’s quarterly revenue was up 8.3% on a year-over-year basis. Equities analysts predict that Wynn Resorts, Limited will post 5.17 EPS for the current fiscal year.

Wynn Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 17th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, November 17th. Wynn Resorts’s dividend payout ratio (DPR) is presently 22.37%.

Analyst Ratings Changes

Several brokerages have issued reports on WYNN. Macquarie restated an “outperform” rating and issued a $143.00 target price on shares of Wynn Resorts in a report on Monday, December 8th. UBS Group upgraded shares of Wynn Resorts from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $101.00 to $147.00 in a research report on Thursday, August 28th. Stifel Nicolaus boosted their target price on shares of Wynn Resorts from $150.00 to $160.00 and gave the company a “buy” rating in a report on Monday, December 8th. Wells Fargo & Company initiated coverage on shares of Wynn Resorts in a report on Tuesday, November 18th. They set an “overweight” rating and a $151.00 price target for the company. Finally, JPMorgan Chase & Co. upped their price objective on Wynn Resorts from $138.00 to $145.00 and gave the company an “overweight” rating in a report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Wynn Resorts presently has a consensus rating of “Moderate Buy” and an average price target of $139.38.

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.