Havemeyer Place LP Invests $1.97 Million in Wynn Resorts, Limited $WYNN

Havemeyer Place LP acquired a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) during the 4th quarter, Holdings Channel reports. The fund acquired 16,398 shares of the casino operator’s stock, valued at approximately $1,973,000.

Several other hedge funds have also modified their holdings of WYNN. MUFG Securities EMEA plc bought a new position in shares of Wynn Resorts during the 2nd quarter valued at approximately $25,000. Hantz Financial Services Inc. increased its position in shares of Wynn Resorts by 54.9% during the 4th quarter. Hantz Financial Services Inc. now owns 251 shares of the casino operator’s stock valued at $30,000 after purchasing an additional 89 shares during the last quarter. Cromwell Holdings LLC increased its position in shares of Wynn Resorts by 68.2% during the 4th quarter. Cromwell Holdings LLC now owns 254 shares of the casino operator’s stock valued at $31,000 after purchasing an additional 103 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Wynn Resorts by 69.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 382 shares of the casino operator’s stock valued at $32,000 after purchasing an additional 156 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of Wynn Resorts during the 4th quarter valued at approximately $34,000. 88.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WYNN has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $137.00 target price on shares of Wynn Resorts in a research report on Friday, May 8th. Susquehanna cut their price objective on Wynn Resorts from $133.00 to $127.00 and set a “positive” rating on the stock in a research report on Thursday, April 16th. Wells Fargo & Company set a $142.00 price objective on Wynn Resorts and gave the company an “overweight” rating in a research report on Sunday, May 10th. Morgan Stanley cut their price objective on Wynn Resorts from $136.00 to $133.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Finally, Mizuho cut their price objective on Wynn Resorts from $134.00 to $133.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.00.

Wynn Resorts Price Performance

Shares of NASDAQ WYNN opened at $104.48 on Friday. The stock has a market capitalization of $10.84 billion, a P/E ratio of 31.19, a price-to-earnings-growth ratio of 0.97 and a beta of 0.98. Wynn Resorts, Limited has a 1-year low of $82.64 and a 1-year high of $134.72. The business has a fifty day moving average price of $102.43 and a 200 day moving average price of $110.99.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings results on Thursday, May 7th. The casino operator reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07. Wynn Resorts had a negative return on equity of 42.03% and a net margin of 5.14%.The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period last year, the business posted $1.07 earnings per share. The firm’s revenue was up 9.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Wynn Resorts, Limited will post 4.61 earnings per share for the current fiscal year.

Wynn Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Monday, May 18th. Wynn Resorts’s dividend payout ratio (DPR) is 29.85%.

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.