Wynn Resorts, Limited $WYNN Position Increased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC grew its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 42.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,466 shares of the casino operator’s stock after buying an additional 5,537 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Wynn Resorts were worth $1,793,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Hantz Financial Services Inc. lifted its position in shares of Wynn Resorts by 54.9% in the 4th quarter. Hantz Financial Services Inc. now owns 251 shares of the casino operator’s stock valued at $30,000 after acquiring an additional 89 shares in the last quarter. Horizon Investments LLC grew its position in Wynn Resorts by 6.7% during the 4th quarter. Horizon Investments LLC now owns 1,500 shares of the casino operator’s stock worth $180,000 after purchasing an additional 94 shares in the last quarter. QRG Capital Management Inc. raised its stake in Wynn Resorts by 4.9% during the 1st quarter. QRG Capital Management Inc. now owns 2,071 shares of the casino operator’s stock valued at $210,000 after purchasing an additional 96 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Wynn Resorts by 21.6% in the third quarter. Parallel Advisors LLC now owns 563 shares of the casino operator’s stock valued at $72,000 after purchasing an additional 100 shares in the last quarter. Finally, Larson Financial Group LLC boosted its position in shares of Wynn Resorts by 23.5% in the fourth quarter. Larson Financial Group LLC now owns 557 shares of the casino operator’s stock worth $67,000 after buying an additional 106 shares during the period. Institutional investors and hedge funds own 88.64% of the company’s stock.

Wall Street Analyst Weigh In

WYNN has been the topic of several recent analyst reports. Citigroup reissued a “buy” rating on shares of Wynn Resorts in a research report on Thursday, August 6th. JPMorgan Chase & Co. decreased their price objective on Wynn Resorts from $135.00 to $134.00 and set an “overweight” rating for the company in a research report on Wednesday, July 15th. Argus upped their target price on Wynn Resorts from $115.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Bank of America dropped their target price on Wynn Resorts from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Finally, Truist Financial started coverage on shares of Wynn Resorts in a report on Wednesday, July 8th. They set a “buy” rating and a $125.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.19.

Wynn Resorts Price Performance

Shares of WYNN stock opened at $90.60 on Wednesday. The firm has a market cap of $9.33 billion, a P/E ratio of 22.48, a PEG ratio of 1.10 and a beta of 1.00. Wynn Resorts, Limited has a fifty-two week low of $89.44 and a fifty-two week high of $134.72. The stock’s 50-day moving average is $98.48 and its two-hundred day moving average is $101.98.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings results on Tuesday, August 4th. The casino operator reported $1.24 EPS for the quarter, beating the consensus estimate of $0.99 by $0.25. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Wynn Resorts had a negative return on equity of 46.52% and a net margin of 6.05%.The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.09 EPS. As a group, research analysts expect that Wynn Resorts, Limited will post 4.55 EPS for the current year.

Wynn Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a $0.25 dividend. The ex-dividend date was Friday, August 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.1%. Wynn Resorts’s dividend payout ratio is currently 24.81%.

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.