Oak Thistle LLC Invests $3.09 Million in Wynn Resorts, Limited (NASDAQ:WYNN)

Oak Thistle LLC acquired a new stake in Wynn Resorts, Limited (NASDAQ:WYNN) in the 4th quarter, Holdings Channel.com reports. The fund acquired 35,844 shares of the casino operator’s stock, valued at approximately $3,088,000. Wynn Resorts accounts for 0.9% of Oak Thistle LLC’s holdings, making the stock its 4th biggest holding.

Other large investors have also bought and sold shares of the company. IHT Wealth Management LLC lifted its stake in Wynn Resorts by 1.7% in the third quarter. IHT Wealth Management LLC now owns 6,766 shares of the casino operator’s stock valued at $654,000 after buying an additional 112 shares in the last quarter. Allworth Financial LP increased its position in shares of Wynn Resorts by 17.5% during the third quarter. Allworth Financial LP now owns 895 shares of the casino operator’s stock worth $86,000 after acquiring an additional 133 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Wynn Resorts by 2.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,540 shares of the casino operator’s stock worth $496,000 after acquiring an additional 149 shares during the period. Prospera Financial Services Inc lifted its position in Wynn Resorts by 4.1% in the 3rd quarter. Prospera Financial Services Inc now owns 4,616 shares of the casino operator’s stock valued at $443,000 after acquiring an additional 181 shares in the last quarter. Finally, Wedmont Private Capital boosted its stake in Wynn Resorts by 7.5% in the 4th quarter. Wedmont Private Capital now owns 2,638 shares of the casino operator’s stock worth $214,000 after purchasing an additional 183 shares during the period. 88.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

WYNN has been the topic of a number of research reports. Jefferies Financial Group cut their price target on Wynn Resorts from $109.00 to $105.00 and set a “hold” rating on the stock in a report on Friday, January 3rd. JPMorgan Chase & Co. lifted their price target on shares of Wynn Resorts from $101.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Susquehanna increased their price objective on shares of Wynn Resorts from $92.00 to $122.00 and gave the stock a “positive” rating in a research note on Friday, October 11th. Morgan Stanley lifted their target price on Wynn Resorts from $112.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Wynn Resorts from $122.00 to $118.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $116.36.

Wynn Resorts Trading Up 0.6 %

Shares of NASDAQ WYNN opened at $81.80 on Wednesday. The company has a market capitalization of $8.98 billion, a P/E ratio of 10.09, a P/E/G ratio of 3.46 and a beta of 1.77. Wynn Resorts, Limited has a 12 month low of $71.63 and a 12 month high of $110.38. The stock has a 50 day moving average of $89.21 and a 200-day moving average of $87.09.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings results on Monday, November 4th. The casino operator reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.11). Wynn Resorts had a net margin of 13.37% and a negative return on equity of 61.16%. The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period in the prior year, the business earned $0.99 EPS. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. Analysts predict that Wynn Resorts, Limited will post 4.79 EPS for the current fiscal year.

Wynn Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Friday, November 15th. Wynn Resorts’s payout ratio is 12.33%.

Wynn Resorts Profile

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.