Curtis Wealth Management LLC Purchases New Shares in Wynn Resorts, Limited $WYNN

Curtis Wealth Management LLC purchased a new stake in Wynn Resorts, Limited (NASDAQ:WYNN) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 6,901 shares of the casino operator’s stock, valued at approximately $787,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of WYNN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Wynn Resorts by 10.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,961 shares of the casino operator’s stock valued at $665,000 after purchasing an additional 754 shares during the last quarter. Woodline Partners LP raised its position in Wynn Resorts by 36.2% in the 1st quarter. Woodline Partners LP now owns 7,568 shares of the casino operator’s stock valued at $632,000 after purchasing an additional 2,012 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Wynn Resorts by 69.0% in the 1st 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 during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Wynn Resorts by 13.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,659 shares of the casino operator’s stock valued at $155,000 after purchasing an additional 201 shares during the last quarter. Finally, Guggenheim Capital LLC raised its position in Wynn Resorts by 9.5% in the 2nd quarter. Guggenheim Capital LLC now owns 10,008 shares of the casino operator’s stock valued at $937,000 after purchasing an additional 868 shares during the last quarter. Hedge funds and other institutional investors own 88.64% of the company’s stock.

Wynn Resorts Stock Performance

Shares of Wynn Resorts stock opened at $104.48 on Friday. Wynn Resorts, Limited has a one year low of $82.64 and a one year high of $134.72. The company has a market cap of $10.84 billion, a P/E ratio of 31.19, a PEG ratio of 0.97 and a beta of 0.98. The firm has a fifty day moving average of $102.43 and a two-hundred day moving average of $110.99.

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

Wynn Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.0%. Wynn Resorts’s dividend payout ratio is 29.85%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $137.00 price target on shares of Wynn Resorts in a research report on Friday, May 8th. Morgan Stanley cut their price objective on shares of Wynn Resorts from $136.00 to $133.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Wells Fargo & Company set a $142.00 price objective on shares of Wynn Resorts and gave the stock an “overweight” rating in a research report on Sunday, May 10th. Susquehanna cut their price objective on shares of Wynn Resorts from $133.00 to $127.00 and set a “positive” rating for the company in a research report on Thursday, April 16th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Wynn Resorts from $140.00 to $135.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $140.00.

Wynn Resorts Company 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.