Nomura Asset Management Co. Ltd. Has $2.42 Million Position in Wynn Resorts, Limited (NASDAQ:WYNN)

Nomura Asset Management Co. Ltd. raised its position in shares of Wynn Resorts, Limited (NASDAQ:WYNNFree Report) by 10.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,559 shares of the casino operator’s stock after purchasing an additional 2,425 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Wynn Resorts were worth $2,420,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in WYNN. Blue Trust Inc. grew its holdings in shares of Wynn Resorts by 3,000.0% during the 4th quarter. Blue Trust Inc. now owns 279 shares of the casino operator’s stock valued at $25,000 after acquiring an additional 270 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in Wynn Resorts by 4,285.7% in the third quarter. Sunbelt Securities Inc. now owns 307 shares of the casino operator’s stock worth $28,000 after purchasing an additional 300 shares in the last quarter. GAMMA Investing LLC bought a new stake in Wynn Resorts in the fourth quarter worth $38,000. Venturi Wealth Management LLC boosted its holdings in Wynn Resorts by 1,083.8% in the fourth quarter. Venturi Wealth Management LLC now owns 438 shares of the casino operator’s stock worth $40,000 after purchasing an additional 401 shares in the last quarter. Finally, Federated Hermes Inc. boosted its holdings in Wynn Resorts by 47.5% in the fourth quarter. Federated Hermes Inc. now owns 435 shares of the casino operator’s stock worth $40,000 after purchasing an additional 140 shares in the last quarter. 68.87% of the stock is owned by institutional investors and hedge funds.

Wynn Resorts Stock Performance

Shares of WYNN opened at $94.88 on Friday. The company has a 50-day simple moving average of $98.52 and a 200-day simple moving average of $96.08. The firm has a market capitalization of $10.63 billion, a P/E ratio of 13.00 and a beta of 1.91. Wynn Resorts, Limited has a 52 week low of $81.65 and a 52 week high of $112.25.

Wynn Resorts (NASDAQ:WYNNGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The casino operator reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.16. Wynn Resorts had a net margin of 12.36% and a negative return on equity of 46.04%. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the business earned $0.29 earnings per share. The firm’s revenue for the quarter was up 30.9% on a year-over-year basis. As a group, equities analysts forecast that Wynn Resorts, Limited will post 5.66 earnings per share for the current year.

Wynn Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 20th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.05%. The ex-dividend date was Friday, May 17th. Wynn Resorts’s dividend payout ratio (DPR) is presently 13.70%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on WYNN shares. Argus upgraded shares of Wynn Resorts from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a report on Thursday, May 23rd. Barclays upped their price objective on shares of Wynn Resorts from $124.00 to $128.00 and gave the stock an “overweight” rating in a report on Thursday, May 9th. Mizuho started coverage on shares of Wynn Resorts in a report on Thursday, April 4th. They issued a “buy” rating and a $131.00 price objective for the company. Stifel Nicolaus upped their price objective on shares of Wynn Resorts from $135.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Finally, UBS Group decreased their price target on shares of Wynn Resorts from $117.00 to $108.00 and set a “neutral” rating for the company in a report on Tuesday, February 6th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Wynn Resorts currently has an average rating of “Moderate Buy” and an average target price of $120.79.

Get Our Latest Analysis on WYNN

Insider Buying and Selling

In related news, Director Betsy S. Atkins sold 2,446 shares of the stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $94.39, for a total value of $230,877.94. Following the completion of the transaction, the director now owns 9,226 shares of the company’s stock, valued at $870,842.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.52% of the company’s stock.

Wynn Resorts Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Wynn Resorts (NASDAQ:WYNN)

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