LVM Capital Management Ltd. MI Takes Position in Wynn Resorts, Limited (NASDAQ:WYNN)

LVM Capital Management Ltd. MI purchased a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,170 shares of the casino operator’s stock, valued at approximately $532,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in Wynn Resorts in the third quarter worth $31,000. Blue Trust Inc. grew its position in Wynn Resorts by 556.0% during the third quarter. Blue Trust Inc. now owns 551 shares of the casino operator’s stock valued at $49,000 after buying an additional 467 shares during the period. Allworth Financial LP increased its holdings in Wynn Resorts by 17.5% during the third quarter. Allworth Financial LP now owns 895 shares of the casino operator’s stock worth $86,000 after buying an additional 133 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its position in Wynn Resorts by 703.1% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,028 shares of the casino operator’s stock worth $99,000 after acquiring an additional 900 shares during the period. Finally, Covestor Ltd boosted its stake in Wynn Resorts by 207.4% in the third quarter. Covestor Ltd now owns 1,408 shares of the casino operator’s stock valued at $135,000 after acquiring an additional 950 shares during the last quarter. Hedge funds and other institutional investors own 88.64% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Susquehanna raised their price target on shares of Wynn Resorts from $92.00 to $122.00 and gave the stock a “positive” rating in a research note on Friday, October 11th. Macquarie reissued an “outperform” rating and issued a $120.00 target price on shares of Wynn Resorts in a research report on Tuesday, November 5th. Stifel Nicolaus dropped their price target on Wynn Resorts from $121.00 to $103.00 and set a “buy” rating on the stock in a research report on Friday, September 13th. Barclays cut their price target on Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Finally, Jefferies Financial Group lowered their price objective on Wynn Resorts from $109.00 to $105.00 and set a “hold” rating on the stock in a research note on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Wynn Resorts currently has a consensus rating of “Moderate Buy” and an average price target of $116.36.

Wynn Resorts Price Performance

NASDAQ:WYNN traded up $1.79 during trading hours on Friday, hitting $82.96. The stock had a trading volume of 1,426,995 shares, compared to its average volume of 2,181,670. The company has a 50 day simple moving average of $89.78 and a two-hundred day simple moving average of $87.21. The firm has a market capitalization of $9.11 billion, a price-to-earnings ratio of 10.23, a P/E/G ratio of 3.46 and a beta of 1.77. Wynn Resorts, Limited has a one year low of $71.63 and a one year high of $110.38.

Wynn Resorts (NASDAQ:WYNN) last posted its earnings results on Monday, November 4th. The casino operator reported $0.90 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.11). Wynn Resorts had a negative return on equity of 61.16% and a net margin of 13.37%. The business had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the previous year, the firm earned $0.99 earnings per share. Wynn Resorts’s quarterly revenue was up 1.3% compared to the same quarter last year. Equities research analysts anticipate that Wynn Resorts, Limited will post 4.79 earnings per share for the current year.

Wynn Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 1.21%. Wynn Resorts’s dividend payout ratio is presently 12.33%.

Wynn Resorts Company Profile

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.