Wynn Resorts, Limited (NASDAQ:WYNN) Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. increased its holdings in Wynn Resorts, Limited (NASDAQ:WYNN) by 31.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,909 shares of the casino operator’s stock after acquiring an additional 5,294 shares during the quarter. Pacer Advisors Inc.’s holdings in Wynn Resorts were worth $1,888,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. IHT Wealth Management LLC increased its stake in Wynn Resorts by 1.7% in the 3rd quarter. IHT Wealth Management LLC now owns 6,766 shares of the casino operator’s stock valued at $654,000 after buying an additional 112 shares during the period. Fifth Third Bancorp increased its stake in Wynn Resorts by 5.8% in the 4th quarter. Fifth Third Bancorp now owns 2,183 shares of the casino operator’s stock valued at $188,000 after buying an additional 119 shares during the period. Allworth Financial LP increased its stake in Wynn Resorts by 17.5% in the 3rd quarter. Allworth Financial LP now owns 895 shares of the casino operator’s stock valued at $86,000 after buying an additional 133 shares during the period. Prospera Financial Services Inc increased its stake in Wynn Resorts by 4.1% in the 3rd quarter. Prospera Financial Services Inc now owns 4,616 shares of the casino operator’s stock valued at $443,000 after buying an additional 181 shares during the period. Finally, Wedmont Private Capital increased its stake in Wynn Resorts by 7.5% in the 4th quarter. Wedmont Private Capital now owns 2,638 shares of the casino operator’s stock valued at $214,000 after buying an additional 183 shares during the period. 88.64% of the stock is owned by institutional investors and hedge funds.

Wynn Resorts Stock Performance

WYNN opened at $86.85 on Friday. The company’s 50 day simple moving average is $88.12 and its 200 day simple moving average is $86.95. Wynn Resorts, Limited has a 1 year low of $71.63 and a 1 year high of $110.38. The stock has a market capitalization of $9.54 billion, a PE ratio of 10.71, a P/E/G ratio of 2.42 and a beta of 1.77.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly 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 net margin of 13.37% and a negative return on equity of 61.16%. The business had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the previous year, the business posted $0.99 EPS. The company’s quarterly revenue was up 1.3% on a year-over-year basis. As a group, sell-side analysts expect that Wynn Resorts, Limited will post 4.69 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued a $0.25 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 1.15%. Wynn Resorts’s payout ratio is 12.33%.

Analyst Ratings Changes

A number of research firms have recently weighed in on WYNN. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Wynn Resorts from $122.00 to $118.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Macquarie reaffirmed an “outperform” rating and set a $120.00 price target on shares of Wynn Resorts in a research note on Tuesday, November 5th. JPMorgan Chase & Co. upped their price target on shares of Wynn Resorts from $101.00 to $113.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Barclays lowered their price target on shares of Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Finally, Jefferies Financial Group lowered their price target on shares of Wynn Resorts from $109.00 to $105.00 and set a “hold” rating on the stock in a research note on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.23.

Wynn Resorts 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.