Kestra Private Wealth Services LLC Has $692,000 Holdings in Wynn Resorts, Limited (NASDAQ:WYNN)

Kestra Private Wealth Services LLC grew its holdings in Wynn Resorts, Limited (NASDAQ:WYNN) by 9.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,597 shares of the casino operator’s stock after purchasing an additional 634 shares during the period. Kestra Private Wealth Services LLC’s holdings in Wynn Resorts were worth $692,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in WYNN. Van ECK Associates Corp boosted its position in Wynn Resorts by 51.8% during the fourth quarter. Van ECK Associates Corp now owns 55,787 shares of the casino operator’s stock valued at $5,083,000 after purchasing an additional 19,031 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Wynn Resorts by 83.1% during the 4th quarter. Russell Investments Group Ltd. now owns 22,273 shares of the casino operator’s stock valued at $2,034,000 after buying an additional 10,107 shares during the last quarter. Private Wealth Partners LLC grew its stake in shares of Wynn Resorts by 104.9% in the 4th quarter. Private Wealth Partners LLC now owns 4,765 shares of the casino operator’s stock valued at $434,000 after buying an additional 2,440 shares in the last quarter. Truist Financial Corp increased its holdings in Wynn Resorts by 6.6% in the fourth quarter. Truist Financial Corp now owns 16,094 shares of the casino operator’s stock worth $1,466,000 after buying an additional 1,002 shares during the last quarter. Finally, Yousif Capital Management LLC raised its position in Wynn Resorts by 30.1% during the fourth quarter. Yousif Capital Management LLC now owns 13,484 shares of the casino operator’s stock valued at $1,229,000 after acquiring an additional 3,121 shares in the last quarter. 68.87% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on WYNN shares. StockNews.com raised shares of Wynn Resorts from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th. JPMorgan Chase & Co. increased their target price on shares of Wynn Resorts from $118.00 to $123.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. UBS Group cut 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. Barclays upped their price target on Wynn Resorts from $123.00 to $124.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Finally, Macquarie increased their price objective on Wynn Resorts from $122.00 to $128.00 and gave the company an “outperform” rating in a report on Friday, February 9th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.43.

Insider Activity

In related news, CEO Craig Scott Billings sold 19,235 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $108.00, for a total value of $2,077,380.00. Following the completion of the transaction, the chief executive officer now directly owns 307,904 shares of the company’s stock, valued at $33,253,632. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Patricia Mulroy sold 960 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $105.17, for a total value of $100,963.20. Following the completion of the transaction, the director now directly owns 522 shares of the company’s stock, valued at approximately $54,898.74. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Craig Scott Billings sold 19,235 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 307,904 shares in the company, valued at approximately $33,253,632. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,578 shares of company stock worth $2,850,282. Company insiders own 0.52% of the company’s stock.

Wynn Resorts Price Performance

NASDAQ:WYNN opened at $96.71 on Monday. The stock has a market cap of $10.84 billion, a P/E ratio of 16.17 and a beta of 1.91. The company has a fifty day moving average price of $100.60 and a 200 day moving average price of $95.19. Wynn Resorts, Limited has a one year low of $81.65 and a one year high of $113.50.

Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Wednesday, February 7th. The casino operator reported $1.91 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter last year, the company earned ($1.23) earnings per share. The firm’s revenue was up 83.1% on a year-over-year basis. As a group, equities research analysts anticipate that Wynn Resorts, Limited will post 5.37 EPS for the current year.

Wynn Resorts Announces Dividend

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

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.