Stratos Wealth Partners LTD. Sells 950 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Stratos Wealth Partners LTD. decreased its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 28.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,332 shares of the casino operator’s stock after selling 950 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Wynn Resorts were worth $201,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Tempus Wealth Planning LLC grew its position in Wynn Resorts by 17.6% in the 4th quarter. Tempus Wealth Planning LLC now owns 10,718 shares of the casino operator’s stock worth $923,000 after purchasing an additional 1,607 shares in the last quarter. First Dallas Securities Inc. boosted its stake in shares of Wynn Resorts by 1.4% in the 4th quarter. First Dallas Securities Inc. now owns 53,165 shares of the casino operator’s stock worth $4,581,000 after buying an additional 759 shares during the last quarter. Hodges Capital Management Inc. grew its holdings in shares of Wynn Resorts by 1.1% in the fourth quarter. Hodges Capital Management Inc. now owns 338,134 shares of the casino operator’s stock valued at $29,134,000 after acquiring an additional 3,839 shares in the last quarter. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Wynn Resorts during the fourth quarter valued at approximately $1,287,000. Finally, Spire Wealth Management lifted its holdings in Wynn Resorts by 116.4% during the fourth quarter. Spire Wealth Management now owns 435 shares of the casino operator’s stock worth $37,000 after acquiring an additional 234 shares during the period. Hedge funds and other institutional investors own 88.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. upped their price objective on Wynn Resorts from $101.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Mizuho raised their price objective on shares of Wynn Resorts from $118.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday. Macquarie reiterated an “outperform” rating and issued a $115.00 target price on shares of Wynn Resorts in a research note on Friday. Barclays lifted their price objective on Wynn Resorts from $115.00 to $116.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Jefferies Financial Group dropped their price target on shares of Wynn Resorts from $109.00 to $105.00 and set a “hold” rating on the stock in a research note on Friday, January 3rd. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $119.50.

Wynn Resorts Stock Up 10.4 %

Wynn Resorts stock opened at $88.82 on Friday. The stock has a market cap 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 business has a 50-day simple moving average of $85.66 and a 200 day simple moving average of $86.83. Wynn Resorts, Limited has a 52 week low of $71.63 and a 52 week high of $110.38.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings data 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%. On average, research analysts anticipate that Wynn Resorts, Limited will post 4.69 earnings per share for the current year.

Wynn Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Monday, February 24th. Wynn Resorts’s dividend payout ratio (DPR) is currently 23.75%.

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.