8,258 Shares in Wynn Resorts, Limited $WYNN Acquired by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC acquired a new stake in Wynn Resorts, Limited (NASDAQ:WYNN) during the second quarter, Holdings Channel.com reports. The fund acquired 8,258 shares of the casino operator’s stock, valued at approximately $802,000.

Several other institutional investors have also added to or reduced their stakes in WYNN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of 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 lifted its position in shares of Wynn Resorts by 36.2% during the 1st quarter. Woodline Partners LP now owns 7,568 shares of the casino operator’s stock worth $632,000 after buying an additional 2,012 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Wynn Resorts by 69.0% in the first quarter. Geneos Wealth Management Inc. now owns 382 shares of the casino operator’s stock valued at $32,000 after buying an additional 156 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Wynn Resorts by 13.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,659 shares of the casino operator’s stock valued at $155,000 after buying an additional 201 shares in the last quarter. Finally, Guggenheim Capital LLC grew its position in Wynn Resorts by 9.5% in the second quarter. Guggenheim Capital LLC now owns 10,008 shares of the casino operator’s stock valued at $937,000 after acquiring an additional 868 shares during the last quarter. 88.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on WYNN shares. Weiss Ratings reissued a “hold (c)” rating on shares of Wynn Resorts in a research note on Wednesday, June 24th. Bank of America decreased their price target on shares of Wynn Resorts from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Barclays upped their price objective on shares of Wynn Resorts from $134.00 to $136.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. The Goldman Sachs Group set a $120.00 price objective on shares of Wynn Resorts in a research note on Wednesday, July 15th. Finally, Wells Fargo & Company cut their target price on shares of Wynn Resorts from $141.00 to $131.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Wynn Resorts presently has an average rating of “Moderate Buy” and a consensus price target of $134.19.

Wynn Resorts Trading Up 1.8%

Wynn Resorts stock opened at $95.26 on Friday. The company has a market capitalization of $9.81 billion, a PE ratio of 23.64, a P/E/G ratio of 0.82 and a beta of 1.01. Wynn Resorts, Limited has a 12 month low of $92.52 and a 12 month high of $134.72. The stock has a 50-day moving average price of $99.00 and a two-hundred day moving average price of $102.44.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings results on Tuesday, August 4th. The casino operator reported $1.24 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.25. Wynn Resorts had a negative return on equity of 46.52% and a net margin of 6.05%.The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same period in the previous year, the business posted $1.09 earnings per share. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, analysts predict that Wynn Resorts, Limited will post 4.65 earnings per share for the current fiscal year.

Wynn Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, August 14th. Wynn Resorts’s dividend payout ratio is 24.81%.

About Wynn Resorts

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.