Yousif Capital Management LLC Cuts Stock Position in Wynn Resorts, Limited (NASDAQ:WYNN)

Yousif Capital Management LLC lessened its stake in Wynn Resorts, Limited (NASDAQ:WYNN) by 33.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,292 shares of the casino operator’s stock after selling 3,669 shares during the period. Yousif Capital Management LLC’s holdings in Wynn Resorts were worth $628,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in WYNN. Vontobel Holding Ltd. boosted its holdings in Wynn Resorts by 40.3% in the third quarter. Vontobel Holding Ltd. now owns 8,718 shares of the casino operator’s stock worth $836,000 after acquiring an additional 2,505 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Wynn Resorts by 3.2% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,622 shares of the casino operator’s stock worth $923,000 after acquiring an additional 302 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings in Wynn Resorts by 10.2% in the third quarter. V Square Quantitative Management LLC now owns 2,610 shares of the casino operator’s stock worth $250,000 after acquiring an additional 242 shares in the last quarter. Aaron Wealth Advisors LLC acquired a new stake in Wynn Resorts in the third quarter worth about $251,000. Finally, Blue Trust Inc. boosted its holdings in Wynn Resorts by 556.0% in the third quarter. Blue Trust Inc. now owns 551 shares of the casino operator’s stock worth $49,000 after acquiring an additional 467 shares in the last quarter. Institutional investors and hedge funds own 88.64% of the company’s stock.

Wynn Resorts Stock Performance

Shares of WYNN opened at $88.82 on Monday. Wynn Resorts, Limited has a one year low of $71.63 and a one year high of $110.38. The stock has a market capitalization of $9.75 billion, a price-to-earnings ratio of 10.95, a PEG ratio of 2.32 and a beta of 1.76. The stock has a 50 day moving average price of $85.66 and a 200 day moving average price of $86.89.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings results on Thursday, February 13th. The casino operator reported $2.42 EPS for the quarter, topping the consensus estimate of $1.27 by $1.15. Wynn Resorts had a negative return on equity of 61.16% and a net margin of 13.37%. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.78 billion. On average, analysts predict that Wynn Resorts, Limited will post 4.69 earnings per share for the current year.

Wynn Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Monday, February 24th. Wynn Resorts’s payout ratio is currently 12.33%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on WYNN shares. Wells Fargo & Company lowered their price target on Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Morgan Stanley lifted their target price on Wynn Resorts from $112.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Macquarie reaffirmed an “outperform” rating and set a $115.00 target price on shares of Wynn Resorts in a report on Friday. Mizuho lifted their target price on Wynn Resorts from $118.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Barclays lifted their target price on Wynn Resorts from $115.00 to $116.00 and gave the stock an “overweight” rating in a report on Friday. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $119.50.

Wynn Resorts 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.