Three Seasons Wealth LLC Makes New Investment in Wynn Resorts, Limited $WYNN

Three Seasons Wealth LLC acquired a new stake in Wynn Resorts, Limited (NASDAQ:WYNN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,026 shares of the casino operator’s stock, valued at approximately $516,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WYNN. AlphaQuest LLC purchased a new stake in Wynn Resorts in the 1st quarter worth approximately $25,000. State of Wyoming purchased a new stake in Wynn Resorts during the first quarter worth $124,000. Retirement Planning Co of New England Inc. grew its position in Wynn Resorts by 14.0% during the first quarter. Retirement Planning Co of New England Inc. now owns 2,789 shares of the casino operator’s stock valued at $233,000 after buying an additional 342 shares during the period. AQR Capital Management LLC grew its position in Wynn Resorts by 63.5% during the first quarter. AQR Capital Management LLC now owns 108,066 shares of the casino operator’s stock valued at $8,819,000 after buying an additional 41,966 shares during the period. Finally, Josh Arnold Investment Consultant LLC purchased a new position in Wynn Resorts in the first quarter valued at $891,000. 88.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WYNN has been the topic of several recent analyst reports. Jefferies Financial Group increased their target price on shares of Wynn Resorts from $146.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 8th. Stifel Nicolaus upped their price target on Wynn Resorts from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, December 8th. Barclays raised their price objective on Wynn Resorts from $127.00 to $141.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Argus raised Wynn Resorts from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research note on Wednesday, September 3rd. Finally, Mizuho increased their target price on Wynn Resorts from $126.00 to $131.00 and gave the company an “outperform” rating in a research report on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $140.69.

Wynn Resorts Price Performance

NASDAQ WYNN opened at $124.36 on Monday. The stock’s 50 day simple moving average is $124.47 and its 200-day simple moving average is $116.82. The company has a market cap of $12.93 billion, a PE ratio of 27.82, a price-to-earnings-growth ratio of 8.53 and a beta of 1.10. Wynn Resorts, Limited has a 1-year low of $65.25 and a 1-year high of $134.72.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings data on Thursday, November 6th. The casino operator reported $0.86 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.23). Wynn Resorts had a net margin of 7.09% and a negative return on equity of 54.88%. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same period in the prior year, the company posted $0.90 earnings per share. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, equities research analysts anticipate that Wynn Resorts, Limited will post 5.17 EPS for the current fiscal year.

Wynn Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Monday, November 17th were given a dividend of $0.25 per share. The ex-dividend date was Monday, November 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.8%. Wynn Resorts’s payout ratio is presently 22.37%.

About Wynn Resorts

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.