Wynn Resorts, Limited $WYNN Shares Sold by Hodges Capital Management Inc.

Hodges Capital Management Inc. reduced its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 73.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,637 shares of the casino operator’s stock after selling 73,550 shares during the period. Hodges Capital Management Inc.’s holdings in Wynn Resorts were worth $3,417,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of WYNN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Wynn Resorts by 10.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,961 shares of the casino operator’s stock valued at $665,000 after buying an additional 754 shares during the period. Woodline Partners LP grew its stake in Wynn Resorts by 36.2% during the first quarter. Woodline Partners LP now owns 7,568 shares of the casino operator’s stock worth $632,000 after buying an additional 2,012 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Wynn Resorts by 69.0% in the first quarter. Geneos Wealth Management Inc. now owns 382 shares of the casino operator’s stock worth $32,000 after acquiring an additional 156 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Wynn Resorts by 1.0% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 12,356 shares of the casino operator’s stock valued at $1,167,000 after acquiring an additional 127 shares during the period. Finally, Sanders Morris Harris LLC purchased a new position in shares of Wynn Resorts in the 2nd quarter valued at $2,390,000. Hedge funds and other institutional investors own 88.64% of the company’s stock.

Wynn Resorts Trading Up 0.9%

WYNN stock opened at $114.40 on Wednesday. The firm has a 50 day simple moving average of $117.92 and a 200-day simple moving average of $120.34. The company has a market capitalization of $11.89 billion, a P/E ratio of 38.13, a PEG ratio of 9.79 and a beta of 1.06. Wynn Resorts, Limited has a twelve month low of $65.25 and a twelve month high of $134.72.

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

Wynn Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders 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 annualized dividend and a dividend yield of 0.9%. Wynn Resorts’s dividend payout ratio (DPR) is presently 33.33%.

Wall Street Analyst Weigh In

WYNN has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Wynn Resorts in a report on Monday, December 29th. Macquarie Infrastructure reaffirmed an “outperform” rating and issued a $143.00 target price on shares of Wynn Resorts in a research 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. Mizuho boosted their price target on Wynn Resorts from $131.00 to $134.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Wells Fargo & Company decreased their price target on Wynn Resorts from $152.00 to $147.00 and set an “overweight” rating for the company in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Wynn Resorts has a consensus rating of “Moderate Buy” and an average price target of $139.20.

Wynn Resorts Company Profile

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.