BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Buys 2,221 Shares of Wynn Resorts, Limited (WYNN)
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Wynn Resorts, Limited (NASDAQ:WYNN) by 10.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,399 shares of the casino operator’s stock after purchasing an additional 2,221 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Wynn Resorts were worth $3,485,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Wynn Resorts by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 8,264,810 shares of the casino operator’s stock worth $1,108,476,000 after purchasing an additional 246,476 shares during the last quarter. Maverick Capital Ltd. boosted its position in shares of Wynn Resorts by 36.9% in the 2nd quarter. Maverick Capital Ltd. now owns 1,260,248 shares of the casino operator’s stock worth $169,024,000 after purchasing an additional 339,550 shares during the last quarter. Thornburg Investment Management Inc. boosted its position in shares of Wynn Resorts by 1.2% in the 3rd quarter. Thornburg Investment Management Inc. now owns 890,955 shares of the casino operator’s stock worth $132,681,000 after purchasing an additional 10,734 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Wynn Resorts by 8.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 877,781 shares of the casino operator’s stock worth $130,719,000 after purchasing an additional 65,335 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in Wynn Resorts by 2.1% during the second quarter. American Century Companies Inc. now owns 875,121 shares of the casino operator’s stock worth $117,371,000 after acquiring an additional 18,400 shares in the last quarter. Institutional investors and hedge funds own 72.04% of the company’s stock.
Several research analysts have weighed in on WYNN shares. Deutsche Bank reiterated a “buy” rating and set a $167.00 target price on shares of Wynn Resorts in a report on Tuesday, November 21st. Morgan Stanley lifted their target price on Wynn Resorts from $151.00 to $158.00 and gave the stock an “overweight” rating in a report on Friday, October 13th. UBS reiterated a “buy” rating and set a $174.00 target price (up from $149.00) on shares of Wynn Resorts in a report on Friday, September 29th. TheStreet lowered Wynn Resorts from a “b-” rating to a “c+” rating in a report on Friday, October 13th. Finally, Telsey Advisory Group lifted their target price on Wynn Resorts from $157.00 to $160.00 and gave the stock a “market perform” rating in a report on Friday, October 27th. Eleven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $150.05.
Shares of Wynn Resorts, Limited (NASDAQ WYNN) opened at $166.03 on Friday. The company has a market capitalization of $16,943.70, a PE ratio of 37.13 and a beta of 1.73. Wynn Resorts, Limited has a twelve month low of $85.57 and a twelve month high of $166.79. The company has a quick ratio of 1.68, a current ratio of 1.72 and a debt-to-equity ratio of 24.54.
Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings results on Thursday, October 26th. The casino operator reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.24. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.56 billion. Wynn Resorts had a return on equity of 132.96% and a net margin of 6.24%. The company’s quarterly revenue was up 45.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.74 earnings per share. sell-side analysts anticipate that Wynn Resorts, Limited will post 5.34 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Thursday, November 16th were issued a $0.50 dividend. The ex-dividend date was Wednesday, November 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.20%. Wynn Resorts’s dividend payout ratio (DPR) is 55.25%.
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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.
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