GAMMA Investing LLC Acquires 1,382 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

GAMMA Investing LLC grew its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 91.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,885 shares of the casino operator’s stock after buying an additional 1,382 shares during the period. GAMMA Investing LLC’s holdings in Wynn Resorts were worth $249,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WYNN. IHT Wealth Management LLC increased its position in Wynn Resorts by 1.7% during the 3rd quarter. IHT Wealth Management LLC now owns 6,766 shares of the casino operator’s stock valued at $654,000 after purchasing an additional 112 shares during the period. Allworth Financial LP raised its stake in Wynn Resorts by 17.5% in the third quarter. Allworth Financial LP now owns 895 shares of the casino operator’s stock worth $86,000 after buying an additional 133 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in Wynn Resorts by 2.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,540 shares of the casino operator’s stock worth $496,000 after buying an additional 149 shares during the period. Prospera Financial Services Inc boosted its position in Wynn Resorts by 4.1% during the 3rd quarter. Prospera Financial Services Inc now owns 4,616 shares of the casino operator’s stock valued at $443,000 after acquiring an additional 181 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its position in Wynn Resorts by 6.9% during the 3rd quarter. Public Sector Pension Investment Board now owns 3,078 shares of the casino operator’s stock valued at $295,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 88.64% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Wynn Resorts from $101.00 to $113.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Susquehanna boosted their target price on shares of Wynn Resorts from $92.00 to $122.00 and gave the company a “positive” rating in a report on Friday, October 11th. StockNews.com cut shares of Wynn Resorts from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. Barclays cut their price objective on shares of Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Wynn Resorts from $122.00 to $118.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $116.36.

Wynn Resorts Stock Down 2.6 %

Shares of Wynn Resorts stock opened at $82.45 on Wednesday. Wynn Resorts, Limited has a twelve month low of $71.63 and a twelve month high of $110.38. The company’s 50 day moving average is $90.43 and its 200 day moving average is $87.30. The company has a market cap of $9.05 billion, a price-to-earnings ratio of 10.17, a price-to-earnings-growth ratio of 3.46 and a beta of 1.77.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings results on Monday, November 4th. The casino operator reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.11). The firm had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Wynn Resorts had a negative return on equity of 61.16% and a net margin of 13.37%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the business earned $0.99 earnings per share. Sell-side analysts expect that Wynn Resorts, Limited will post 4.79 EPS for the current fiscal year.

Wynn Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Friday, November 15th. Wynn Resorts’s payout ratio is currently 12.33%.

Wynn Resorts Company Profile

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.