Wynn Resorts, Limited $WYNN Shares Bought by Interval Partners LP

Interval Partners LP boosted its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 34.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 98,382 shares of the casino operator’s stock after acquiring an additional 25,147 shares during the period. Interval Partners LP owned about 0.09% of Wynn Resorts worth $11,838,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MUFG Securities EMEA plc acquired a new position in Wynn Resorts during the second quarter worth about $25,000. Hantz Financial Services Inc. raised its position in Wynn Resorts by 54.9% during the fourth quarter. Hantz Financial Services Inc. now owns 251 shares of the casino operator’s stock worth $30,000 after acquiring an additional 89 shares during the last quarter. Cromwell Holdings LLC raised its position in Wynn Resorts by 68.2% during the fourth quarter. Cromwell Holdings LLC now owns 254 shares of the casino operator’s stock worth $31,000 after acquiring an additional 103 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Wynn Resorts by 69.0% during 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 during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in Wynn Resorts during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 88.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on WYNN shares. Barclays cut their target price on shares of Wynn Resorts from $143.00 to $139.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. Morgan Stanley cut their target price on shares of Wynn Resorts from $136.00 to $133.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Jefferies Financial Group lowered their price target on shares of Wynn Resorts from $161.00 to $150.00 and set a “buy” rating for the company in a report on Monday, April 6th. Wells Fargo & Company set a $142.00 price target on shares of Wynn Resorts and gave the stock an “overweight” rating in a report on Sunday, May 10th. Finally, Mizuho lowered their price target on shares of Wynn Resorts from $134.00 to $133.00 and set an “outperform” rating for the company in a report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.00.

Wynn Resorts Price Performance

Shares of NASDAQ WYNN opened at $102.31 on Thursday. The company has a market cap of $10.62 billion, a PE ratio of 30.54, a price-to-earnings-growth ratio of 0.97 and a beta of 0.98. Wynn Resorts, Limited has a 12 month low of $86.53 and a 12 month high of $134.72. The company has a 50-day simple moving average of $103.24 and a 200-day simple moving average of $109.95.

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

Wynn Resorts Dividend Announcement

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 $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Monday, May 18th. Wynn Resorts’s payout ratio is presently 29.85%.

Wynn Resorts 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.