Fairvoy Private Wealth LLC Buys New Holdings in Wynn Resorts, Limited $WYNN

Fairvoy Private Wealth LLC purchased a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 27,970 shares of the casino operator’s stock, valued at approximately $3,366,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of WYNN. Mather Group LLC. boosted its stake in shares of Wynn Resorts by 33.5% during the 4th quarter. Mather Group LLC. now owns 1,879 shares of the casino operator’s stock worth $226,000 after acquiring an additional 472 shares during the period. Czech National Bank lifted its holdings in Wynn Resorts by 3.8% during the 4th quarter. Czech National Bank now owns 22,262 shares of the casino operator’s stock valued at $2,679,000 after purchasing an additional 819 shares during the last quarter. Contravisory Investment Management Inc. boosted its position in Wynn Resorts by 1,076.7% during the fourth quarter. Contravisory Investment Management Inc. now owns 7,931 shares of the casino operator’s stock worth $954,000 after purchasing an additional 7,257 shares during the period. SG Americas Securities LLC boosted its position in Wynn Resorts by 224.1% during the fourth quarter. SG Americas Securities LLC now owns 82,859 shares of the casino operator’s stock worth $9,970,000 after purchasing an additional 57,293 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Wynn Resorts by 5,098.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 114,626 shares of the casino operator’s stock valued at $13,793,000 after purchasing an additional 112,421 shares during the last quarter. Institutional investors own 88.64% of the company’s stock.

Wynn Resorts Stock Down 2.9%

Shares of NASDAQ:WYNN opened at $96.59 on Friday. Wynn Resorts, Limited has a 12-month low of $65.25 and a 12-month high of $134.72. The company’s 50 day moving average price is $108.14 and its two-hundred day moving average price is $118.07. The firm has a market cap of $10.05 billion, a PE ratio of 32.20, a PEG ratio of 11.27 and a beta of 1.01.

Wynn Resorts (NASDAQ:WYNN) last issued 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 company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter last year, the firm posted $2.42 earnings per share. The company’s quarterly revenue was up 1.5% on a year-over-year basis. On average, research analysts expect that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, February 23rd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $1.00 annualized dividend and a yield of 1.0%. Wynn Resorts’s dividend payout ratio is currently 33.33%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on WYNN shares. Morgan Stanley cut their target price on shares of Wynn Resorts from $139.00 to $136.00 and set an “overweight” rating for the company in a research note on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft set a $144.00 price target on shares of Wynn Resorts in a report on Friday, February 13th. Mizuho upped their target price on Wynn Resorts from $131.00 to $134.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. Macquarie Infrastructure reiterated an “outperform” rating and set a $143.00 target price on shares of Wynn Resorts in a research note on Monday, December 8th. Finally, Texas Capital upgraded Wynn Resorts to a “strong-buy” rating in a research note on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.