Wynn Resorts, Limited (WYNN) Position Boosted by KBC Group NV
KBC Group NV increased its holdings in Wynn Resorts, Limited (NASDAQ:WYNN) by 7.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,322 shares of the casino operator’s stock after buying an additional 1,243 shares during the quarter. KBC Group NV’s holdings in Wynn Resorts were worth $2,580,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of WYNN. IFP Advisors Inc grew its holdings in Wynn Resorts by 40.8% in the 2nd quarter. IFP Advisors Inc now owns 1,259 shares of the casino operator’s stock worth $169,000 after buying an additional 365 shares in the last quarter. Retirement Systems of Alabama boosted its stake in Wynn Resorts by 0.7% during the 2nd quarter. Retirement Systems of Alabama now owns 38,712 shares of the casino operator’s stock valued at $5,192,000 after purchasing an additional 284 shares in the last quarter. TD Asset Management Inc. boosted its stake in Wynn Resorts by 1.9% during the 2nd quarter. TD Asset Management Inc. now owns 29,020 shares of the casino operator’s stock valued at $3,892,000 after purchasing an additional 542 shares in the last quarter. Advisor Partners LLC boosted its stake in Wynn Resorts by 8.7% during the 2nd quarter. Advisor Partners LLC now owns 2,087 shares of the casino operator’s stock valued at $280,000 after purchasing an additional 167 shares in the last quarter. Finally, Global X Management Co. LLC boosted its stake in Wynn Resorts by 2.1% during the 2nd quarter. Global X Management Co. LLC now owns 2,127 shares of the casino operator’s stock valued at $285,000 after purchasing an additional 43 shares in the last quarter. 72.04% of the stock is owned by institutional investors and hedge funds.
WYNN has been the subject of a number of research reports. Deutsche Bank raised Wynn Resorts from a “hold” rating to a “buy” rating and increased their price target for the company from $138.00 to $150.00 in a research note on Tuesday, August 15th. Zacks Investment Research raised Wynn Resorts from a “hold” rating to a “buy” rating and set a $162.00 price target for the company in a research note on Tuesday, September 26th. UBS reaffirmed a “buy” rating and set a $174.00 price target (up from $149.00) on shares of Wynn Resorts in a research note on Friday, September 29th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $157.00 price target (up from $150.00) on shares of Wynn Resorts in a research note on Monday, October 2nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $134.00 price target on shares of Wynn Resorts in a research note on Thursday, October 12th. Eleven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $148.49.
Shares of Wynn Resorts, Limited (NASDAQ:WYNN) opened at $159.54 on Friday. Wynn Resorts, Limited has a 52-week low of $85.57 and a 52-week high of $160.97. The company has a market capitalization of $16,334.19, a price-to-earnings ratio of 35.79 and a beta of 1.73. The company has a debt-to-equity ratio of 24.54, a quick ratio of 1.68 and a current ratio of 1.72.
Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings data on Thursday, October 26th. The casino operator reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.24. Wynn Resorts had a return on equity of 132.96% and a net margin of 6.24%. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the prior year, the firm earned $0.74 EPS. The company’s quarterly revenue was up 45.3% compared to the same quarter last year. sell-side analysts forecast that Wynn Resorts, Limited will post 5.34 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Thursday, November 16th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, November 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.25%. Wynn Resorts’s dividend payout ratio (DPR) is presently 55.25%.
TRADEMARK VIOLATION WARNING: “Wynn Resorts, Limited (WYNN) Position Boosted by KBC Group NV” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/12/10/wynn-resorts-limited-wynn-position-boosted-by-kbc-group-nv.html.
Wynn Resorts Company Profile
Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations.
Want to see what other hedge funds are holding WYNN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wynn Resorts, Limited (NASDAQ:WYNN).
Receive News & Stock Ratings for Wynn Resorts Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wynn Resorts Limited and related stocks with our FREE daily email newsletter.