362,364 Wynn Resorts, Limited $WYNN Shares Acquired by Retirement Systems of Alabama

Retirement Systems of Alabama raised its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 2,056.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 379,982 shares of the casino operator’s stock after buying an additional 362,364 shares during the quarter. Retirement Systems of Alabama owned about 0.37% of Wynn Resorts worth $30,182,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in WYNN. Operose Advisors LLC increased its holdings in Wynn Resorts by 400.0% in the 2nd quarter. Operose Advisors LLC now owns 500 shares of the casino operator’s stock worth $49,000 after acquiring an additional 400 shares during the last quarter. Parallel Advisors LLC raised its stake in Wynn Resorts by 18.5% in the 1st quarter. Parallel Advisors LLC now owns 756 shares of the casino operator’s stock valued at $77,000 after acquiring an additional 118 shares during the period. Optiver Holding B.V. bought a new stake in Wynn Resorts in the 1st quarter valued at about $90,000. GKV Capital Management Co. Inc. bought a new stake in Wynn Resorts in the 1st quarter valued at about $102,000. Finally, Allworth Financial LP purchased a new stake in Wynn Resorts during the second quarter valued at about $108,000. Hedge funds and other institutional investors own 88.64% of the company’s stock.

Wynn Resorts Price Performance

Wynn Resorts stock opened at $87.30 on Wednesday. Wynn Resorts, Limited has a one year low of $70.79 and a one year high of $134.72. The business has a fifty day moving average price of $80.43 and a 200-day moving average price of $97.41. The firm has a market capitalization of $8.95 billion, a P/E ratio of 26.06, a PEG ratio of 1.10 and a beta of 0.96.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings results on Thursday, November 5th. The casino operator reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.19). Wynn Resorts had a net margin of 5.20% and a negative return on equity of 42.73%. The company had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter last year, the firm posted $0.86 earnings per share. Wynn Resorts’s revenue for the quarter was down 7.9% compared to the same quarter last year. Sell-side analysts expect that Wynn Resorts, Limited will post 4.08 earnings per share for the current fiscal year.

Wynn Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be paid a $0.25 dividend. The ex-dividend date is Monday, November 16th. This represents a $1.00 annualized dividend and a yield of 1.1%. Wynn Resorts’s dividend payout ratio (DPR) is currently 29.85%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on WYNN. Susquehanna reiterated a “positive” rating and set a $95.00 target price on shares of Wynn Resorts in a research report on Friday. Wolfe Research started coverage on shares of Wynn Resorts in a research note on Wednesday, September 2nd. They issued an “outperform” rating and a $128.00 target price for the company. Truist Financial lowered their price target on shares of Wynn Resorts from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, October 20th. Wells Fargo & Company dropped their price target on shares of Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating on the stock in a research note on Friday, November 6th. Finally, Mizuho dropped their price target on shares of Wynn Resorts from $133.00 to $125.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Wynn Resorts presently has a consensus rating of “Moderate Buy” and a consensus price target of $120.88.

Key Wynn Resorts News

Here are the key news stories impacting Wynn Resorts this week:

• Positive Sentiment: CBRE says Wynn Al Marjan Island in the UAE could significantly improve Wynn’s finances when it opens and potentially support a credit-rating upgrade. Read More..
• Positive Sentiment: Wynn Las Vegas reported 3% growth in RevPAR and average daily rate, while Wynn Palace added 432 suites through its Enclave project—signs of resilience and expanded capacity. Read More..
• Neutral Sentiment: Wynn is reportedly considering plans for its vacant 38-acre site across from Encore Las Vegas. The property could offer development potential, but the report does not describe a finalized project or financial impact. Read More..
• Neutral Sentiment: Several analysts lowered price targets, including Citigroup ($100 from $103), JPMorgan ($112 from $115), and Macquarie ($128 from $132); Citigroup retained a Buy rating and JPMorgan remained Overweight. These targets still imply upside from the cited share price, but the reductions temper expectations. Read More. · Read More. · Read More..
• Negative Sentiment: Third-quarter results missed expectations: Wynn reported $0.33 in EPS versus $0.52 expected and $1.69 billion in revenue versus $1.75 billion expected. Revenue fell 7.9% year over year, and EPS was down from $0.86 a year earlier. Read More..
• Negative Sentiment: A Las Vegas union plans a rally alleging unfair labor practices at Wynn, which could add reputational or labor-relations pressure. Read More..
• Negative Sentiment: Wall Street Zen cut its rating on Wynn to Sell, adding to the cautious analyst signals. Read More..

Wynn Resorts Profile

Wynn Resorts, Limited develops and operates luxury hotels and casino resorts. Its properties offer gaming, hotel accommodations, restaurants, retail, entertainment, and convention and meeting facilities. The company’s portfolio includes Wynn Las Vegas and Encore in Nevada, Encore Boston Harbor in Massachusetts, and Wynn Macau and Wynn Palace in Macau. Its operations therefore span the United States and Macau, a special administrative region of China. Founded in 2002, Wynn Resorts opened Wynn Las Vegas in 2005.