City State Bank Has $132,000 Stake in Wynn Resorts, Limited (NASDAQ:WYNN)

City State Bank decreased its stake in Wynn Resorts, Limited (NASDAQ:WYNN) by 40.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,530 shares of the casino operator’s stock after selling 1,050 shares during the quarter. City State Bank’s holdings in Wynn Resorts were worth $132,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its position in shares of Wynn Resorts by 70.7% during the third quarter. Fisher Asset Management LLC now owns 3,971,846 shares of the casino operator’s stock worth $380,821,000 after purchasing an additional 1,644,965 shares during the period. Holocene Advisors LP raised its position in shares of Wynn Resorts by 27,868.5% during the third quarter. Holocene Advisors LP now owns 757,946 shares of the casino operator’s stock worth $72,672,000 after purchasing an additional 755,236 shares during the period. Eagle Asset Management Inc. acquired a new stake in shares of Wynn Resorts during the third quarter worth about $58,486,000. Renaissance Technologies LLC raised its position in shares of Wynn Resorts by 29.1% during the second quarter. Renaissance Technologies LLC now owns 1,345,100 shares of the casino operator’s stock worth $120,386,000 after purchasing an additional 303,033 shares during the period. Finally, Weiss Asset Management LP acquired a new stake in shares of Wynn Resorts during the third quarter worth about $19,753,000. Institutional investors and hedge funds own 88.64% of the company’s stock.

Wall Street Analysts Forecast Growth

WYNN has been the topic of a number of research analyst reports. Susquehanna raised their price target on Wynn Resorts from $92.00 to $122.00 and gave the stock a “positive” rating in a research report on Friday, October 11th. Morgan Stanley increased their price objective on Wynn Resorts from $112.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Barclays decreased their price objective on Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. StockNews.com downgraded Wynn Resorts from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Wynn Resorts from $122.00 to $118.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Four research 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 company. According to MarketBeat, Wynn Resorts currently has an average rating of “Moderate Buy” and a consensus price target of $116.36.

Wynn Resorts Trading Up 0.2 %

Shares of NASDAQ WYNN opened at $81.33 on Tuesday. Wynn Resorts, Limited has a 12 month low of $71.63 and a 12 month high of $110.38. The stock has a 50 day moving average of $89.21 and a 200-day moving average of $87.09. The company has a market capitalization of $8.93 billion, a P/E ratio of 10.03, a P/E/G ratio of 3.46 and a beta of 1.77.

Wynn Resorts (NASDAQ:WYNN) last issued 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 the consensus estimate of $1.73 billion. During the same quarter in the prior year, the firm posted $0.99 earnings per share. The business’s revenue was up 1.3% compared to the same quarter last year. Analysts predict that Wynn Resorts, Limited will post 4.79 EPS for the current fiscal year.

Wynn Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 1.23%. Wynn Resorts’s payout ratio is currently 12.33%.

About Wynn Resorts

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.