Thrivent Financial for Lutherans Grows Stock Position in Wynn Resorts, Limited $WYNN

Thrivent Financial for Lutherans boosted its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 6,391.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 748,769 shares of the casino operator’s stock after buying an additional 737,234 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Wynn Resorts were worth $70,138,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Public Sector Pension Investment Board lifted its holdings in shares of Wynn Resorts by 10.6% in the 1st quarter. Public Sector Pension Investment Board now owns 11,676 shares of the casino operator’s stock worth $975,000 after acquiring an additional 1,122 shares during the last quarter. HighTower Advisors LLC raised its position in Wynn Resorts by 96.5% in the 1st quarter. HighTower Advisors LLC now owns 14,963 shares of the casino operator’s stock worth $1,249,000 after purchasing an additional 7,349 shares during the period. Resona Asset Management Co. Ltd. lifted its stake in Wynn Resorts by 3.3% in the first quarter. Resona Asset Management Co. Ltd. now owns 28,856 shares of the casino operator’s stock worth $2,404,000 after purchasing an additional 915 shares during the last quarter. Brandywine Global Investment Management LLC boosted its position in shares of Wynn Resorts by 5.7% during the first quarter. Brandywine Global Investment Management LLC now owns 63,989 shares of the casino operator’s stock valued at $5,343,000 after buying an additional 3,447 shares during the period. Finally, Raymond James Financial Inc. grew its stake in shares of Wynn Resorts by 12.7% during the first quarter. Raymond James Financial Inc. now owns 992,022 shares of the casino operator’s stock valued at $82,834,000 after buying an additional 111,428 shares during the last quarter. Institutional investors own 88.64% of the company’s stock.

Wynn Resorts Price Performance

WYNN stock opened at $123.66 on Monday. Wynn Resorts, Limited has a 1-year low of $65.25 and a 1-year high of $134.72. The business has a 50-day moving average price of $123.21 and a 200 day moving average price of $114.09. The company has a market capitalization of $12.86 billion, a P/E ratio of 27.66, a PEG ratio of 8.48 and a beta of 1.10.

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

Wynn Resorts Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on WYNN. Macquarie restated an “outperform” rating and set a $143.00 price objective on shares of Wynn Resorts in a report on Monday, December 8th. Stifel Nicolaus lifted their target price on Wynn Resorts from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, December 8th. JPMorgan Chase & Co. upped their price target on shares of Wynn Resorts from $138.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, December 8th. Mizuho raised their price target on shares of Wynn Resorts from $126.00 to $131.00 and gave the stock an “outperform” rating in a research note on Thursday, November 13th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Wynn Resorts in a research report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $139.15.

About Wynn Resorts

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.