Wynn Resorts, Limited (NASDAQ:WYNN) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 20.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,922 shares of the casino operator’s stock after buying an additional 9,751 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.05% of Wynn Resorts worth $5,186,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Nisa Investment Advisors LLC lifted its stake in Wynn Resorts by 0.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 27,904 shares of the casino operator’s stock worth $2,542,000 after purchasing an additional 109 shares during the last quarter. Federated Hermes Inc. lifted its stake in Wynn Resorts by 47.5% during the fourth quarter. Federated Hermes Inc. now owns 435 shares of the casino operator’s stock worth $40,000 after purchasing an additional 140 shares during the last quarter. Mystic Asset Management Inc. lifted its stake in Wynn Resorts by 1.6% during the third quarter. Mystic Asset Management Inc. now owns 11,131 shares of the casino operator’s stock worth $1,029,000 after purchasing an additional 175 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in Wynn Resorts by 2.6% during the third quarter. Teacher Retirement System of Texas now owns 7,934 shares of the casino operator’s stock worth $733,000 after purchasing an additional 198 shares during the last quarter. Finally, CWM LLC lifted its stake in Wynn Resorts by 9.6% during the fourth quarter. CWM LLC now owns 2,354 shares of the casino operator’s stock worth $214,000 after purchasing an additional 206 shares during the last quarter. Institutional investors and hedge funds own 68.87% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on WYNN. Susquehanna raised their price objective on Wynn Resorts from $105.00 to $115.00 and gave the stock a “positive” rating in a research note on Thursday, February 8th. Stifel Nicolaus raised their target price on Wynn Resorts from $135.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. StockNews.com upgraded Wynn Resorts from a “hold” rating to a “buy” rating in a research note on Friday, May 17th. Macquarie raised their target price on Wynn Resorts from $122.00 to $128.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Finally, Wells Fargo & Company raised their target price on Wynn Resorts from $125.00 to $128.00 and gave the company an “overweight” rating in a research note on Wednesday, May 8th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $121.62.

Wynn Resorts Stock Down 1.1 %

NASDAQ:WYNN opened at $96.59 on Wednesday. The business’s 50-day moving average price is $99.49 and its 200 day moving average price is $95.95. The firm has a market cap of $10.82 billion, a P/E ratio of 13.23 and a beta of 1.91. Wynn Resorts, Limited has a 52-week low of $81.65 and a 52-week high of $112.25.

Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Tuesday, May 7th. The casino operator reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.16. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.80 billion. Wynn Resorts had a negative return on equity of 46.04% and a net margin of 12.36%. Wynn Resorts’s revenue was up 30.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.29 earnings per share. Sell-side analysts expect that Wynn Resorts, Limited will post 5.58 EPS for the current year.

Wynn Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Monday, May 20th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Friday, May 17th. Wynn Resorts’s payout ratio is currently 13.70%.

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.