Cibc World Market Inc. Purchases 26,692 Shares of Wynn Resorts, Limited $WYNN

Cibc World Market Inc. raised its stake in Wynn Resorts, Limited (NASDAQ:WYNNFree Report) by 125.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,923 shares of the casino operator’s stock after acquiring an additional 26,692 shares during the quarter. Cibc World Market Inc.’s holdings in Wynn Resorts were worth $6,147,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of WYNN. Westside Investment Management Inc. lifted its stake in shares of Wynn Resorts by 40.2% during the 3rd quarter. Westside Investment Management Inc. now owns 338 shares of the casino operator’s stock valued at $44,000 after buying an additional 97 shares in the last quarter. Private Wealth Partners LLC grew its holdings in Wynn Resorts by 3.1% during the 2nd quarter. Private Wealth Partners LLC now owns 3,360 shares of the casino operator’s stock valued at $315,000 after buying an additional 100 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Wynn Resorts by 41.5% in the third quarter. UMB Bank n.a. now owns 385 shares of the casino operator’s stock valued at $49,000 after acquiring an additional 113 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in Wynn Resorts by 1.0% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 12,356 shares of the casino operator’s stock worth $1,167,000 after purchasing an additional 127 shares in the last quarter. Finally, Global Retirement Partners LLC grew its position in Wynn Resorts by 19.6% during the third quarter. Global Retirement Partners LLC now owns 818 shares of the casino operator’s stock worth $105,000 after buying an additional 134 shares in the last quarter. 88.64% of the stock is owned by institutional investors.

More Wynn Resorts News

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Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Wynn Resorts in a research note on Monday, December 29th. Deutsche Bank Aktiengesellschaft set a $144.00 price objective on Wynn Resorts in a report on Friday. Macquarie Infrastructure reaffirmed an “outperform” rating and issued a $143.00 target price on shares of Wynn Resorts in a research note on Monday, December 8th. Susquehanna reiterated a “positive” rating and issued a $133.00 target price on shares of Wynn Resorts in a research report on Thursday. Finally, Wells Fargo & Company lowered their target price on Wynn Resorts from $152.00 to $147.00 and set an “overweight” rating for the company in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $139.00.

Get Our Latest Stock Report on Wynn Resorts

Wynn Resorts Price Performance

WYNN stock opened at $113.39 on Friday. Wynn Resorts, Limited has a 12 month low of $65.25 and a 12 month high of $134.72. The firm’s 50-day moving average is $118.39 and its 200 day moving average is $120.19. The company has a market capitalization of $11.79 billion, a PE ratio of 37.80, a P/E/G ratio of 9.79 and a beta of 1.06.

Wynn Resorts (NASDAQ:WYNNGet Free Report) last released its quarterly earnings results on Thursday, February 12th. The casino operator reported $1.17 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.16). Wynn Resorts had a negative return on equity of 38.04% and a net margin of 4.59%.The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the previous year, the firm posted $2.42 earnings per share. The company’s revenue was up 1.5% on a year-over-year basis. Sell-side analysts forecast that Wynn Resorts, Limited will post 5.17 EPS for the current fiscal year.

Wynn Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Monday, February 23rd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, February 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 0.9%. Wynn Resorts’s dividend payout ratio is presently 33.33%.

Wynn Resorts Company Profile

(Free Report)

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.

Further Reading

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

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