Regal Partners Ltd grew its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 24.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 898,705 shares of the casino operator's stock after purchasing an additional 174,005 shares during the period. Wynn Resorts makes up approximately 7.6% of Regal Partners Ltd's investment portfolio, making the stock its 4th largest holding. Regal Partners Ltd owned 0.81% of Wynn Resorts worth $86,168,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. American Assets Investment Management LLC grew its holdings in Wynn Resorts by 38.6% during the third quarter. American Assets Investment Management LLC now owns 31,310 shares of the casino operator's stock worth $3,002,000 after acquiring an additional 8,718 shares during the period. American Assets Capital Advisers LLC grew its holdings in Wynn Resorts by 221.9% during the third quarter. American Assets Capital Advisers LLC now owns 213,001 shares of the casino operator's stock worth $20,423,000 after acquiring an additional 146,823 shares during the period. American Assets Inc. acquired a new position in Wynn Resorts during the third quarter worth about $642,000. Crystal Rock Capital Management acquired a new position in Wynn Resorts during the third quarter worth about $719,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in Wynn Resorts by 4.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 188,753 shares of the casino operator's stock worth $18,098,000 after acquiring an additional 7,850 shares during the period. 68.87% of the stock is owned by institutional investors and hedge funds.
In related news, Director Patricia Mulroy sold 2,650 shares of the business's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $78.73, for a total value of $208,634.50. Following the completion of the sale, the director now owns 5,689 shares of the company's stock, valued at approximately $447,894.97. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.52% of the stock is currently owned by company insiders.
A number of research firms recently issued reports on WYNN. Barclays lowered their target price on Wynn Resorts from $125.00 to $119.00 and set an "overweight" rating on the stock in a report on Tuesday, November 5th. Susquehanna lifted their target price on Wynn Resorts from $92.00 to $122.00 and gave the stock a "positive" rating in a report on Friday, October 11th. UBS Group raised Wynn Resorts to a "hold" rating in a report on Friday, August 23rd. Stifel Nicolaus dropped their price target on Wynn Resorts from $121.00 to $103.00 and set a "buy" rating on the stock in a research note on Friday, September 13th. Finally, Wells Fargo & Company dropped their price target on Wynn Resorts from $125.00 to $122.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 5th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $115.71.
View Our Latest Stock Report on WYNN
Shares of Wynn Resorts stock opened at $85.80 on Thursday. The firm has a market cap of $9.42 billion, a price-to-earnings ratio of 10.58, a P/E/G ratio of 3.08 and a beta of 1.80. The stock has a 50-day simple moving average of $91.52 and a 200-day simple moving average of $88.27. Wynn Resorts, Limited has a 52-week low of $71.63 and a 52-week high of $110.38.
Wynn Resorts (NASDAQ:WYNN - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The casino operator reported $0.90 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.11). The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.73 billion. Wynn Resorts had a net margin of 13.37% and a negative return on equity of 61.16%. The company's quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.99 EPS. As a group, equities research analysts predict that Wynn Resorts, Limited will post 4.87 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 1.17%. Wynn Resorts's payout ratio is 12.33%.
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.
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