SG Americas Securities LLC Has $9.97 Million Holdings in Wynn Resorts, Limited $WYNN

SG Americas Securities LLC boosted its stake in Wynn Resorts, Limited (NASDAQ:WYNN) by 224.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 82,859 shares of the casino operator’s stock after purchasing an additional 57,293 shares during the quarter. SG Americas Securities LLC owned about 0.08% of Wynn Resorts worth $9,970,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Capital World Investors grew its position in shares of Wynn Resorts by 0.7% during the 3rd quarter. Capital World Investors now owns 9,481,183 shares of the casino operator’s stock worth $1,216,151,000 after buying an additional 69,793 shares during the period. Bamco Inc. NY raised its position in shares of Wynn Resorts by 56.5% in the 2nd quarter. Bamco Inc. NY now owns 1,337,236 shares of the casino operator’s stock valued at $125,259,000 after acquiring an additional 482,570 shares during the period. Norges Bank acquired a new stake in shares of Wynn Resorts in the 2nd quarter valued at approximately $106,289,000. Palidye Holdings Caymans Ltd bought a new position in Wynn Resorts during the 2nd quarter worth approximately $104,629,000. Finally, Raymond James Financial Inc. grew its holdings in Wynn Resorts by 5.3% during the third quarter. Raymond James Financial Inc. now owns 1,111,574 shares of the casino operator’s stock valued at $142,582,000 after purchasing an additional 55,555 shares during the period. Institutional investors and hedge funds own 88.64% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on WYNN shares. 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. Mizuho lifted their price target on shares of Wynn Resorts from $131.00 to $134.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. UBS Group reissued a “buy” rating on shares of Wynn Resorts in a report on Monday, February 23rd. Susquehanna reaffirmed a “positive” rating and set a $133.00 price objective on shares of Wynn Resorts in a research note on Thursday, February 12th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $148.00 target price on shares of Wynn Resorts in a report on Monday, December 15th. One investment 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 data from MarketBeat.com, Wynn Resorts presently has an average rating of “Moderate Buy” and an average price target of $138.87.

Wynn Resorts Stock Performance

NASDAQ:WYNN opened at $96.59 on Monday. The company has a market cap of $10.05 billion, a PE ratio of 32.20, a PEG ratio of 10.94 and a beta of 1.01. Wynn Resorts, Limited has a 52-week low of $65.25 and a 52-week high of $134.72. The stock has a 50-day simple moving average of $108.14 and a 200 day simple moving average of $118.01.

Wynn Resorts (NASDAQ:WYNN) last released its 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 net margin of 4.59% and a negative return on equity of 39.05%. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the previous year, the firm posted $2.42 EPS. The company’s revenue was up 1.5% on a year-over-year basis. On average, research analysts predict that Wynn Resorts, Limited will post 5.17 earnings per share for the current fiscal year.

Wynn Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, February 23rd were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, February 23rd. Wynn Resorts’s payout ratio is currently 33.33%.

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.