Long Focus Capital Management LLC Has $11.54 Million Position in Wynn Resorts, Limited $WYNN

Long Focus Capital Management LLC lessened its holdings in Wynn Resorts, Limited (NASDAQ:WYNN) by 70.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 90,000 shares of the casino operator’s stock after selling 210,000 shares during the quarter. Long Focus Capital Management LLC’s holdings in Wynn Resorts were worth $11,544,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in WYNN. Root Financial Partners LLC bought a new stake in shares of Wynn Resorts in the 3rd quarter valued at approximately $26,000. Steigerwald Gordon & Koch Inc. bought a new stake in Wynn Resorts in the third quarter valued at $31,000. Atlantic Edge Private Wealth Management LLC raised its stake in Wynn Resorts by 400.0% during the third quarter. Atlantic Edge Private Wealth Management LLC now owns 250 shares of the casino operator’s stock worth $32,000 after acquiring an additional 200 shares in the last quarter. MUFG Securities EMEA plc bought a new position in shares of Wynn Resorts during the second quarter valued at $25,000. Finally, Manchester Capital Management LLC boosted its stake in shares of Wynn Resorts by 1,500.0% in the 2nd quarter. Manchester Capital Management LLC now owns 320 shares of the casino operator’s stock valued at $30,000 after purchasing an additional 300 shares in the last quarter. 88.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on WYNN shares. The Goldman Sachs Group reissued a “buy” rating and set a $148.00 price target on shares of Wynn Resorts in a report on Monday, December 15th. Jefferies Financial Group lifted their target price on shares of Wynn Resorts from $146.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 8th. Zacks Research cut Wynn Resorts from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. Morgan Stanley reduced their price objective on Wynn Resorts from $139.00 to $136.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 25th. Finally, UBS Group restated a “buy” rating on shares of Wynn Resorts in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Wynn Resorts presently has a consensus rating of “Moderate Buy” and a consensus price target of $138.87.

Wynn Resorts Stock Up 0.2%

Wynn Resorts stock opened at $100.63 on Tuesday. The business’s 50-day simple moving average is $111.03 and its 200 day simple moving average is $119.46. The stock has a market cap of $10.49 billion, a price-to-earnings ratio of 33.54, a P/E/G ratio of 11.98 and a beta of 1.01. Wynn Resorts, Limited has a 12-month low of $65.25 and a 12-month high of $134.72.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings data on Thursday, February 12th. The casino operator reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.16). Wynn Resorts had a negative return on equity of 39.05% and a net margin of 4.59%.The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the firm posted $2.42 earnings per share. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, sell-side analysts expect that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, February 23rd were paid a dividend of $0.25 per share. 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 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.