Thrivent Financial for Lutherans Has $114.37 Million Position in Wynn Resorts, Limited $WYNN

Thrivent Financial for Lutherans increased its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 19.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 891,661 shares of the casino operator’s stock after acquiring an additional 142,892 shares during the quarter. Thrivent Financial for Lutherans owned about 0.86% of Wynn Resorts worth $114,374,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. MUFG Securities EMEA plc bought a new position in shares of Wynn Resorts during the 2nd quarter valued at about $25,000. Root Financial Partners LLC bought a new position in Wynn Resorts in the third quarter valued at approximately $26,000. Manchester Capital Management LLC boosted its holdings in shares of Wynn Resorts by 1,500.0% in the second quarter. Manchester Capital Management LLC now owns 320 shares of the casino operator’s stock valued at $30,000 after buying an additional 300 shares during the period. MTM Investment Management LLC bought a new stake in shares of Wynn Resorts during the second quarter worth $31,000. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in shares of Wynn Resorts during the third quarter worth $31,000. 88.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Barclays boosted their price target on Wynn Resorts from $141.00 to $143.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Morgan Stanley raised their price target on shares of Wynn Resorts from $132.00 to $139.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. Stifel Nicolaus boosted their price objective on shares of Wynn Resorts from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, December 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Wynn Resorts in a report on Monday, December 29th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $148.00 price target on shares of Wynn Resorts in a research note on Monday, December 15th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Wynn Resorts has an average rating of “Moderate Buy” and a consensus price target of $140.15.

Wynn Resorts Stock Performance

Shares of WYNN opened at $107.45 on Friday. The firm has a market cap of $11.17 billion, a P/E ratio of 24.04, a price-to-earnings-growth ratio of 9.41 and a beta of 1.08. Wynn Resorts, Limited has a 52 week low of $65.25 and a 52 week high of $134.72. The firm’s 50-day simple moving average is $121.44 and its 200 day simple moving average is $119.86.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings data on Thursday, November 6th. The casino operator reported $0.86 earnings per share 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 firm 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 business earned $0.90 EPS. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. As a group, equities analysts forecast that Wynn Resorts, Limited will post 5.17 earnings per share for the current year.

Wynn Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 17th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.9%. Wynn Resorts’s payout ratio is 22.37%.

About Wynn Resorts

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.