Wynn Resorts, Limited $WYNN Shares Sold by Kettle Hill Capital Management LLC

Kettle Hill Capital Management LLC lessened its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 18.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 210,351 shares of the casino operator’s stock after selling 46,350 shares during the period. Wynn Resorts comprises 6.1% of Kettle Hill Capital Management LLC’s holdings, making the stock its 3rd largest position. Kettle Hill Capital Management LLC owned approximately 0.20% of Wynn Resorts worth $26,982,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Westside Investment Management Inc. boosted its position in shares of Wynn Resorts by 40.2% during the third quarter. Westside Investment Management Inc. now owns 338 shares of the casino operator’s stock worth $44,000 after buying an additional 97 shares during the period. Parallel Advisors LLC raised its position in Wynn Resorts by 21.6% in the 3rd quarter. Parallel Advisors LLC now owns 563 shares of the casino operator’s stock valued at $72,000 after buying an additional 100 shares during the last quarter. UMB Bank n.a. lifted its stake in Wynn Resorts by 41.5% in the 3rd quarter. UMB Bank n.a. now owns 385 shares of the casino operator’s stock valued at $49,000 after acquiring an additional 113 shares in the last quarter. Global Retirement Partners LLC lifted its stake in Wynn Resorts by 19.6% in the 3rd quarter. Global Retirement Partners LLC now owns 818 shares of the casino operator’s stock valued at $105,000 after acquiring an additional 134 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in Wynn Resorts by 4.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 3,047 shares of the casino operator’s stock worth $391,000 after acquiring an additional 138 shares during the last quarter. Institutional investors and hedge funds own 88.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on WYNN shares. Wells Fargo & Company decreased their price target on shares of Wynn Resorts from $152.00 to $147.00 and set an “overweight” rating for the company in a research note on Friday, February 13th. The Goldman Sachs Group restated a “buy” rating and set a $148.00 target price on shares of Wynn Resorts in a report on Monday, December 15th. JPMorgan Chase & Co. raised their target price on shares of Wynn Resorts from $138.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday, December 8th. Macquarie Infrastructure reiterated an “outperform” rating and issued a $143.00 price target on shares of Wynn Resorts in a research note on Monday, December 8th. Finally, Morgan Stanley cut their price target on shares of Wynn Resorts from $139.00 to $136.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.87.

Wynn Resorts Stock Up 1.7%

Shares of Wynn Resorts stock opened at $100.43 on Monday. The stock has a market cap of $10.47 billion, a P/E ratio of 33.48, 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. The business’s 50 day moving average is $111.41 and its 200-day moving average is $119.64.

Wynn Resorts (NASDAQ:WYNN) last released its earnings results 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). The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.85 billion. Wynn Resorts had a net margin of 4.59% and a negative return on equity of 39.05%. Wynn Resorts’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.42 earnings per share. On average, sell-side analysts expect that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, February 23rd were given a $0.25 dividend. 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 dividend payout ratio (DPR) is 33.33%.

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.