Vise Technologies Inc. Makes New $964,000 Investment in Wynn Resorts, Limited $WYNN

Vise Technologies Inc. acquired a new stake in Wynn Resorts, Limited (NASDAQ:WYNN) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 8,010 shares of the casino operator’s stock, valued at approximately $964,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MUFG Securities EMEA plc acquired a new stake in shares of Wynn Resorts during the 2nd quarter valued at about $25,000. Hantz Financial Services Inc. raised its position in Wynn Resorts by 54.9% in the fourth quarter. Hantz Financial Services Inc. now owns 251 shares of the casino operator’s stock worth $30,000 after purchasing an additional 89 shares in the last quarter. Cromwell Holdings LLC lifted its stake in Wynn Resorts by 68.2% during the fourth quarter. Cromwell Holdings LLC now owns 254 shares of the casino operator’s stock worth $31,000 after purchasing an additional 103 shares during the period. Geneos Wealth Management Inc. boosted its holdings in Wynn Resorts by 69.0% during the first quarter. Geneos Wealth Management Inc. now owns 382 shares of the casino operator’s stock valued at $32,000 after purchasing an additional 156 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Wynn Resorts during the fourth quarter valued at approximately $34,000. 88.64% of the stock is owned by institutional investors.

Wynn Resorts Price Performance

WYNN stock opened at $107.44 on Wednesday. The business has a fifty day moving average price of $102.75 and a 200 day moving average price of $110.76. Wynn Resorts, Limited has a fifty-two week low of $83.45 and a fifty-two week high of $134.72. The stock has a market capitalization of $11.15 billion, a price-to-earnings ratio of 32.07, a P/E/G ratio of 0.98 and a beta of 0.98.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings data on Thursday, May 7th. The casino operator reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.07. Wynn Resorts had a negative return on equity of 42.03% and a net margin of 5.14%.The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the previous year, the firm earned $1.07 earnings per share. The business’s revenue was up 9.2% on a year-over-year basis. On average, equities analysts expect that Wynn Resorts, Limited will post 4.61 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.9%. The ex-dividend date was Monday, May 18th. Wynn Resorts’s dividend payout ratio (DPR) is presently 29.85%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on WYNN. Bank of America dropped their target price on Wynn Resorts from $150.00 to $140.00 and set a “buy” rating for the company in a report on Monday, May 11th. Morgan Stanley decreased their price target on Wynn Resorts from $136.00 to $133.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Mizuho lowered their price target on Wynn Resorts from $134.00 to $133.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 12th. Jefferies Financial Group cut their price objective on Wynn Resorts from $161.00 to $150.00 and set a “buy” rating for the company in a report on Monday, April 6th. Finally, Susquehanna reduced their target price on shares of Wynn Resorts from $133.00 to $127.00 and set a “positive” rating on the stock in a research note on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Wynn Resorts presently has an average rating of “Moderate Buy” and an average price target of $140.00.

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.