61,492 Shares in Wynn Resorts, Limited $WYNN Acquired by OPTIMAS CAPITAL Ltd

OPTIMAS CAPITAL Ltd bought a new position in Wynn Resorts, Limited (NASDAQ:WYNN) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 61,492 shares of the casino operator’s stock, valued at approximately $7,888,000. Wynn Resorts makes up approximately 5.0% of OPTIMAS CAPITAL Ltd’s investment portfolio, making the stock its 8th biggest holding. OPTIMAS CAPITAL Ltd owned about 0.06% of Wynn Resorts as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in WYNN. Bamco Inc. NY boosted its stake in Wynn Resorts by 56.5% during the second quarter. Bamco Inc. NY now owns 1,337,236 shares of the casino operator’s stock valued at $125,259,000 after buying an additional 482,570 shares during the period. Norges Bank purchased a new stake in shares of Wynn Resorts in the 2nd quarter valued at about $106,289,000. Palidye Holdings Caymans Ltd purchased a new stake in shares of Wynn Resorts in the 2nd quarter valued at about $104,629,000. Raymond James Financial Inc. boosted its position in shares of Wynn Resorts by 6.5% during the 2nd quarter. Raymond James Financial Inc. now owns 1,056,019 shares of the casino operator’s stock valued at $98,917,000 after acquiring an additional 63,997 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in shares of Wynn Resorts by 19.1% during the third quarter. Thrivent Financial for Lutherans now owns 891,661 shares of the casino operator’s stock worth $114,374,000 after purchasing an additional 142,892 shares in the last quarter. 88.64% of the stock is currently owned by hedge funds and other institutional investors.

Wynn Resorts Stock Performance

WYNN stock opened at $117.96 on Monday. The firm has a market cap of $12.26 billion, a P/E ratio of 26.39, a P/E/G ratio of 10.19 and a beta of 1.06. The firm’s fifty day moving average is $119.96 and its 200 day moving average is $120.11. Wynn Resorts, Limited has a 52 week low of $65.25 and a 52 week high of $134.72.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly 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 net margin of 7.09% and a negative return on equity of 54.88%. The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the previous year, the company earned $0.90 earnings per share. The business’s quarterly revenue was up 8.3% on a year-over-year basis. As a group, analysts forecast that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on WYNN. Morgan Stanley raised their target price on shares of Wynn Resorts from $132.00 to $139.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Jefferies Financial Group raised their price objective on shares of Wynn Resorts from $146.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 8th. Macquarie Infrastructure reaffirmed an “outperform” rating and set a $143.00 price objective on shares of Wynn Resorts in a report on Monday, December 8th. Barclays increased their target price on Wynn Resorts from $141.00 to $143.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Finally, JPMorgan Chase & Co. lifted their price target on Wynn Resorts from $138.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, December 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Wynn Resorts has an average rating of “Moderate Buy” and a consensus price target of $140.15.

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.