Yousif Capital Management LLC Has $1.23 Million Stock Position in Wynn Resorts, Limited (NASDAQ:WYNN)

Yousif Capital Management LLC lifted its holdings in Wynn Resorts, Limited (NASDAQ:WYNN) by 30.1% during the 4th quarter, HoldingsChannel reports. The fund owned 13,484 shares of the casino operator’s stock after acquiring an additional 3,121 shares during the quarter. Yousif Capital Management LLC’s holdings in Wynn Resorts were worth $1,229,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Nordea Investment Management AB grew its position in shares of Wynn Resorts by 130.9% during the 4th quarter. Nordea Investment Management AB now owns 143,480 shares of the casino operator’s stock worth $13,101,000 after purchasing an additional 81,338 shares in the last quarter. Synergy Asset Management LLC bought a new position in Wynn Resorts during the 4th quarter worth $1,150,000. Keybank National Association OH lifted its position in shares of Wynn Resorts by 8.1% during the 3rd quarter. Keybank National Association OH now owns 249,716 shares of the casino operator’s stock valued at $23,076,000 after acquiring an additional 18,802 shares during the period. Kestra Advisory Services LLC grew its holdings in shares of Wynn Resorts by 11.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 6,202 shares of the casino operator’s stock worth $573,000 after purchasing an additional 633 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of Wynn Resorts in the fourth quarter worth $10,228,000. 68.87% of the stock is owned by institutional investors.

Wynn Resorts Trading Up 1.5 %

Shares of WYNN stock opened at $96.71 on Friday. The firm has a market capitalization of $10.84 billion, a price-to-earnings ratio of 16.17 and a beta of 1.91. The business’s 50-day moving average price is $100.75 and its 200-day moving average price is $95.11. Wynn Resorts, Limited has a 12 month low of $81.65 and a 12 month high of $113.50.

Wynn Resorts (NASDAQ:WYNN) last posted its earnings results on Wednesday, February 7th. The casino operator reported $1.91 EPS for the quarter, topping the consensus estimate of $1.15 by $0.76. Wynn Resorts had a net margin of 11.18% and a negative return on equity of 31.17%. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period last year, the company earned ($1.23) EPS. The firm’s revenue was up 83.1% compared to the same quarter last year. On average, sell-side analysts predict that Wynn Resorts, Limited will post 5.37 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Tuesday, February 20th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.00 dividend on an annualized basis and a yield of 1.03%. Wynn Resorts’s payout ratio is 16.72%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WYNN. Morgan Stanley upped their price objective on shares of Wynn Resorts from $107.00 to $114.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Mizuho began coverage on shares of Wynn Resorts in a research note on Thursday, April 4th. They issued a “buy” rating and a $131.00 price objective on the stock. Bank Of America (Bofa) boosted their price objective on shares of Wynn Resorts from $95.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 17th. UBS Group reduced their target price on Wynn Resorts from $117.00 to $108.00 and set a “neutral” rating on the stock in a report on Tuesday, February 6th. Finally, Susquehanna boosted their price target on Wynn Resorts from $105.00 to $115.00 and gave the stock a “positive” rating in a report on Thursday, February 8th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Wynn Resorts currently has an average rating of “Moderate Buy” and an average price target of $121.43.

Insider Buying and Selling

In other Wynn Resorts news, Director Patricia Mulroy sold 960 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $105.17, for a total value of $100,963.20. Following the sale, the director now owns 522 shares in the company, valued at approximately $54,898.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Craig Scott Billings sold 19,235 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $108.00, for a total value of $2,077,380.00. Following the transaction, the chief executive officer now owns 307,904 shares in the company, valued at approximately $33,253,632. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Patricia Mulroy sold 960 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $105.17, for a total transaction of $100,963.20. Following the sale, the director now owns 522 shares of the company’s stock, valued at $54,898.74. The disclosure for this sale can be found here. Insiders sold a total of 26,578 shares of company stock valued at $2,850,282 in the last three months. Insiders own 0.52% of the company’s stock.

Wynn Resorts Profile

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.