Oak Thistle LLC Purchases Shares of 17,916 Wynn Resorts, Limited $WYNN

Oak Thistle LLC purchased a new stake in Wynn Resorts, Limited (NASDAQ:WYNN) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 17,916 shares of the casino operator’s stock, valued at approximately $2,156,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Westside Investment Management Inc. boosted its holdings in Wynn Resorts by 40.2% in the third quarter. Westside Investment Management Inc. now owns 338 shares of the casino operator’s stock valued at $44,000 after purchasing an additional 97 shares during the last quarter. Parallel Advisors LLC boosted its holdings in 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 during the last quarter. Cromwell Holdings LLC boosted its holdings in Wynn Resorts by 68.2% in the fourth quarter. Cromwell Holdings LLC now owns 254 shares of the casino operator’s stock valued at $31,000 after purchasing an additional 103 shares during the last quarter. UMB Bank n.a. boosted its holdings in Wynn Resorts by 41.5% in the third quarter. UMB Bank n.a. now owns 385 shares of the casino operator’s stock valued at $49,000 after purchasing an additional 113 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in Wynn Resorts by 19.6% in the third quarter. Global Retirement Partners LLC now owns 818 shares of the casino operator’s stock valued at $105,000 after purchasing an additional 134 shares during the last quarter. 88.64% of the stock is owned by hedge funds and other institutional investors.

Wynn Resorts Stock Down 2.2%

WYNN stock opened at $100.43 on Wednesday. The company’s 50-day simple moving average is $106.37 and its 200-day simple moving average is $116.87. Wynn Resorts, Limited has a 52-week low of $65.25 and a 52-week high of $134.72. The firm has a market cap of $10.45 billion, a P/E ratio of 33.48, a PEG ratio of 8.67 and a beta of 1.04.

Wynn Resorts (NASDAQ:WYNN) last posted its earnings results on Thursday, February 12th. The casino operator reported $1.17 earnings per share (EPS) 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 analysts’ expectations of $1.85 billion. During the same period in the previous year, the company earned $2.42 earnings per share. The company’s revenue was up 1.5% compared to the same quarter last year. On average, analysts anticipate that Wynn Resorts, Limited will post 5.17 earnings per share for the current fiscal year.

Wynn Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, February 23rd were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Monday, February 23rd. Wynn Resorts’s dividend payout ratio is 33.33%.

Analyst Upgrades and Downgrades

WYNN has been the topic of several recent research reports. Stifel Nicolaus lowered their price target on shares of Wynn Resorts from $160.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Texas Capital raised shares of Wynn Resorts to a “strong-buy” rating in a report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft set a $144.00 target price on shares of Wynn Resorts in a research note on Friday, February 13th. Susquehanna reissued a “positive” rating and set a $133.00 target price on shares of Wynn Resorts in a research note on Thursday, February 12th. Finally, UBS Group reissued a “buy” rating on shares of Wynn Resorts in a research note on Monday, February 23rd. One investment 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $138.53.

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.