UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Holdings in Wynn Resorts, Limited $WYNN

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 4.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 170,904 shares of the casino operator’s stock after buying an additional 6,531 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Wynn Resorts were worth $16,593,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of WYNN. MUFG Securities EMEA plc purchased a new position in Wynn Resorts during the 2nd quarter worth $25,000. Hantz Financial Services Inc. grew its stake in shares of Wynn Resorts by 54.9% in the 4th quarter. Hantz Financial Services Inc. now owns 251 shares of the casino operator’s stock worth $30,000 after acquiring an additional 89 shares in the last quarter. SHP Wealth Management purchased a new stake in shares of Wynn Resorts in the fourth quarter valued at about $32,000. Geneos Wealth Management Inc. lifted its position in shares of Wynn Resorts by 69.0% during the first quarter. Geneos Wealth Management Inc. now owns 382 shares of the casino operator’s stock valued at $32,000 after purchasing an additional 156 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in Wynn Resorts during the fourth quarter worth about $34,000. 88.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WYNN has been the topic of several recent analyst reports. Zacks Research raised shares of Wynn Resorts from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Citigroup reaffirmed a “buy” rating on shares of Wynn Resorts in a research report on Thursday, August 6th. Wells Fargo & Company dropped their price target on Wynn Resorts from $141.00 to $131.00 and set an “overweight” rating on the stock in a report on Wednesday, August 5th. Wolfe Research started coverage on Wynn Resorts in a research note on Wednesday. They issued an “outperform” rating and a $128.00 price objective for the company. Finally, JPMorgan Chase & Co. lowered their target price on Wynn Resorts from $135.00 to $134.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $133.82.

Wynn Resorts Stock Down 0.0%

Shares of WYNN stock opened at $91.54 on Friday. Wynn Resorts, Limited has a 12-month low of $89.44 and a 12-month high of $134.72. The company has a 50 day moving average of $97.90 and a 200-day moving average of $101.64. The firm has a market cap of $9.43 billion, a P/E ratio of 22.71, a PEG ratio of 1.10 and a beta of 1.00.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings data on Tuesday, August 4th. The casino operator reported $1.24 earnings per share for the quarter, beating 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 business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same period in the prior year, the company earned $1.09 earnings per share. Wynn Resorts’s revenue was up 6.9% compared to the same quarter last year. As a group, equities analysts expect that Wynn Resorts, Limited will post 4.55 EPS for the current year.

Wynn Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, August 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.1%. Wynn Resorts’s dividend payout ratio is presently 24.81%.

Wynn Resorts Company 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.