Universal Beteiligungs und Servicegesellschaft mbH Boosts Stock Position in Wynn Resorts, Limited $WYNN

Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 30.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,019 shares of the casino operator’s stock after buying an additional 6,234 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Wynn Resorts were worth $3,466,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Wynn Resorts by 10.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,961 shares of the casino operator’s stock valued at $665,000 after acquiring an additional 754 shares in the last quarter. Woodline Partners LP increased its position in shares of Wynn Resorts by 36.2% in the 1st quarter. Woodline Partners LP now owns 7,568 shares of the casino operator’s stock worth $632,000 after purchasing an additional 2,012 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of 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 during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Wynn Resorts by 376.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,077 shares of the casino operator’s stock valued at $101,000 after purchasing an additional 851 shares in the last quarter. Finally, V Square Quantitative Management LLC lifted its position in shares of Wynn Resorts by 16.9% during the second quarter. V Square Quantitative Management LLC now owns 2,632 shares of the casino operator’s stock worth $247,000 after purchasing an additional 381 shares during the last quarter. Institutional investors and hedge funds own 88.64% of the company’s stock.

Wynn Resorts Price Performance

Shares of WYNN opened at $112.88 on Thursday. Wynn Resorts, Limited has a 12 month low of $65.25 and a 12 month high of $134.72. The stock has a fifty day moving average price of $121.85 and a 200 day moving average price of $119.90. The company has a market cap of $11.74 billion, a P/E ratio of 25.25, a PEG ratio of 10.08 and a beta of 1.08.

Wynn Resorts (NASDAQ:WYNN) last posted its earnings results on Thursday, November 6th. The casino operator reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.23). The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.76 billion. Wynn Resorts had a net margin of 7.09% and a negative return on equity of 54.88%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.90 earnings per share. As a group, research analysts anticipate that Wynn Resorts, Limited will post 5.17 earnings per share for the current year.

Wynn Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Monday, November 17th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Monday, November 17th. Wynn Resorts’s payout ratio is presently 22.37%.

Analyst Upgrades and Downgrades

WYNN has been the subject of several research analyst reports. Morgan Stanley boosted their price objective on Wynn Resorts from $132.00 to $139.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Zacks Research downgraded Wynn Resorts from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. The Goldman Sachs Group restated a “buy” rating and set a $148.00 price objective on shares of Wynn Resorts in a research note on Monday, December 15th. JPMorgan Chase & Co. boosted their target price on shares of Wynn Resorts from $138.00 to $145.00 and gave the company an “overweight” rating in a research note on Monday, December 8th. Finally, Texas Capital raised shares of Wynn Resorts to a “strong-buy” rating in a report on Thursday, January 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $140.15.

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.