Kettle Hill Capital Management LLC Sells 46,350 Shares of Wynn Resorts, Limited $WYNN

Kettle Hill Capital Management LLC trimmed its holdings in Wynn Resorts, Limited (NASDAQ:WYNN) by 18.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 210,351 shares of the casino operator’s stock after selling 46,350 shares during the period. Wynn Resorts accounts for about 6.1% of Kettle Hill Capital Management LLC’s portfolio, making the stock its 3rd biggest holding. Kettle Hill Capital Management LLC’s holdings in Wynn Resorts were worth $26,982,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Root Financial Partners LLC acquired a new position in shares of Wynn Resorts during the 3rd quarter worth approximately $26,000. Steigerwald Gordon & Koch Inc. bought a new position in Wynn Resorts during the third quarter worth $31,000. Atlantic Edge Private Wealth Management LLC increased its holdings in shares of Wynn Resorts by 400.0% in the third quarter. Atlantic Edge Private Wealth Management LLC now owns 250 shares of the casino operator’s stock valued at $32,000 after purchasing an additional 200 shares during the last quarter. MUFG Securities EMEA plc bought a new position in shares of Wynn Resorts in the second quarter valued at about $25,000. Finally, Manchester Capital Management LLC lifted its stake in shares of Wynn Resorts by 1,500.0% during the 2nd quarter. Manchester Capital Management LLC now owns 320 shares of the casino operator’s stock worth $30,000 after buying an additional 300 shares during the last quarter. 88.64% of the stock is currently owned by institutional investors.

Wynn Resorts Trading Up 1.7%

Shares of WYNN stock opened at $100.43 on Monday. The stock has a market cap of $10.47 billion, a P/E ratio of 33.48, a price-to-earnings-growth ratio of 11.98 and a beta of 1.01. Wynn Resorts, Limited has a 1 year low of $65.25 and a 1 year high of $134.72. The stock has a 50 day simple moving average of $111.41 and a 200 day simple moving average of $119.64.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings data on Thursday, February 12th. The casino operator reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.16). The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.85 billion. Wynn Resorts had a negative return on equity of 39.05% and a net margin of 4.59%.Wynn Resorts’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the business earned $2.42 EPS. Analysts forecast that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, February 23rd were given a $0.25 dividend. The ex-dividend date was Monday, February 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.0%. Wynn Resorts’s dividend payout ratio (DPR) is presently 33.33%.

Wall Street Analysts Forecast Growth

WYNN has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price target on shares of Wynn Resorts from $138.00 to $145.00 and gave the company an “overweight” rating in a report on Monday, December 8th. Stifel Nicolaus decreased their price objective on Wynn Resorts from $160.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Barclays increased their price objective on Wynn Resorts from $141.00 to $143.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Jefferies Financial Group boosted their target price on shares of Wynn Resorts from $146.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 8th. Finally, Mizuho upped their price target on shares of Wynn Resorts from $131.00 to $134.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $138.87.

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.