Three Seasons Wealth LLC Purchases New Stake in Wynn Resorts, Limited $WYNN

Three Seasons Wealth LLC acquired a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) during the third quarter, HoldingsChannel.com reports. The firm acquired 4,026 shares of the casino operator’s stock, valued at approximately $516,000.

Several other large investors also recently added to or reduced their stakes in WYNN. AlphaQuest LLC purchased a new position in shares of Wynn Resorts during the 1st quarter worth $25,000. MUFG Securities EMEA plc purchased a new position in Wynn Resorts during the second quarter worth about $25,000. Manchester Capital Management LLC boosted its holdings in Wynn Resorts by 1,500.0% in the 2nd quarter. Manchester Capital Management LLC now owns 320 shares of the casino operator’s stock valued at $30,000 after purchasing an additional 300 shares during the last quarter. MTM Investment Management LLC purchased a new stake in shares of Wynn Resorts in the 2nd quarter valued at approximately $31,000. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Wynn Resorts by 69.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 382 shares of the casino operator’s stock worth $32,000 after buying an additional 156 shares during the last quarter. 88.64% of the stock is currently owned by hedge funds and other institutional investors.

Wynn Resorts Trading Down 0.5%

WYNN stock opened at $124.36 on Monday. The business’s fifty day moving average price is $124.47 and its 200 day moving average price is $116.82. Wynn Resorts, Limited has a 12-month low of $65.25 and a 12-month high of $134.72. The company has a market capitalization of $12.93 billion, a PE ratio of 27.82, a P/E/G ratio of 8.53 and a beta of 1.10.

Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Thursday, November 6th. The casino operator reported $0.86 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.23). The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.76 billion. Wynn Resorts had a net margin of 7.09% and a negative return on equity of 54.88%. The business’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.90 earnings per share. Research analysts predict that Wynn Resorts, Limited will post 5.17 EPS for the current fiscal year.

Wynn Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Monday, November 17th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, November 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.8%. Wynn Resorts’s dividend payout ratio is 22.37%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on WYNN shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $148.00 price objective on shares of Wynn Resorts in a report on Monday, December 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Wynn Resorts in a research note on Monday, December 22nd. Jefferies Financial Group increased their price target on Wynn Resorts from $146.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 8th. Mizuho boosted their price objective on shares of Wynn Resorts from $126.00 to $131.00 and gave the company an “outperform” rating in a report on Thursday, November 13th. Finally, UBS Group set a $164.00 target price on shares of Wynn Resorts in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $140.69.

Wynn Resorts 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.