Chilton Investment Co. Inc. Buys New Shares in Wynn Resorts, Limited $WYNN

Chilton Investment Co. Inc. purchased a new stake in Wynn Resorts, Limited (NASDAQ:WYNN) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 41,619 shares of the casino operator’s stock, valued at approximately $5,338,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of 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 during the last quarter. Woodline Partners LP boosted its position in Wynn Resorts by 36.2% during the first quarter. Woodline Partners LP now owns 7,568 shares of the casino operator’s stock valued at $632,000 after purchasing an additional 2,012 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in Wynn Resorts by 69.0% during 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. Envestnet Asset Management Inc. grew its stake in Wynn Resorts by 19.7% in the second quarter. Envestnet Asset Management Inc. now owns 21,848 shares of the casino operator’s stock valued at $2,043,000 after purchasing an additional 3,602 shares in the last quarter. Finally, Allworth Financial LP increased its position in shares of Wynn Resorts by 146.7% during the 2nd quarter. Allworth Financial LP now owns 1,305 shares of the casino operator’s stock worth $122,000 after purchasing an additional 776 shares during the last quarter. 88.64% of the stock is owned by institutional investors.

Wynn Resorts Trading Up 1.7%

WYNN stock opened at $100.43 on Friday. Wynn Resorts, Limited has a 1-year low of $65.25 and a 1-year high of $134.72. The business’s 50 day simple moving average is $111.41 and its 200 day simple moving average is $119.67. The firm has a market capitalization of $10.47 billion, a PE ratio of 33.48, a PEG ratio of 11.98 and a beta of 1.01.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings results on Thursday, February 12th. The casino operator reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.16). Wynn Resorts had a net margin of 4.59% and a negative return on equity of 39.05%. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same period in the prior year, the business earned $2.42 EPS. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, sell-side analysts predict that Wynn Resorts, Limited will post 5.17 EPS for the current fiscal year.

Wynn Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, February 23rd were paid 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 was Monday, February 23rd. Wynn Resorts’s dividend payout ratio (DPR) is currently 33.33%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WYNN. Mizuho upped their price objective on Wynn Resorts from $131.00 to $134.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Texas Capital raised shares of Wynn Resorts to a “strong-buy” rating in a research note on Thursday, January 8th. Barclays upped their price target on shares of Wynn Resorts from $141.00 to $143.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Stifel Nicolaus cut their price target on shares of Wynn Resorts from $160.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Finally, UBS Group reissued a “buy” rating on shares of Wynn Resorts in a research report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $138.87.

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.