Teacher Retirement System of Texas bought a new position in Wynn Resorts, Limited (NASDAQ:WYNN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 22,445 shares of the casino operator’s stock, valued at approximately $3,784,000.
Several other hedge funds and other institutional investors also recently modified their holdings of WYNN. First Personal Financial Services boosted its holdings in Wynn Resorts by 102.9% in the third quarter. First Personal Financial Services now owns 710 shares of the casino operator’s stock valued at $106,000 after purchasing an additional 360 shares during the last quarter. Calton & Associates Inc. purchased a new position in Wynn Resorts in the fourth quarter valued at about $178,000. Segment Wealth Management LLC purchased a new position in Wynn Resorts in the fourth quarter valued at about $217,000. Moors & Cabot Inc. purchased a new position in Wynn Resorts in the third quarter valued at about $222,000. Finally, Neuberger Berman Group LLC purchased a new position in Wynn Resorts in the third quarter valued at about $234,000. 72.10% of the stock is owned by institutional investors.
Shares of Wynn Resorts, Limited (NASDAQ:WYNN) opened at $164.28 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.68 and a debt-to-equity ratio of 24.54. The firm has a market capitalization of $16,910.00, a P/E ratio of 41.38 and a beta of 1.59. Wynn Resorts, Limited has a 1 year low of $92.67 and a 1 year high of $203.63.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Thursday, February 15th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Wednesday, February 14th. Wynn Resorts’s payout ratio is 50.38%.
WYNN has been the subject of a number of analyst reports. TheStreet raised Wynn Resorts from a “c+” rating to a “b-” rating in a report on Tuesday, December 12th. Gabelli reaffirmed a “buy” rating and set a $230.00 target price on shares of Wynn Resorts in a report on Tuesday, January 23rd. Citigroup set a $228.00 target price on Wynn Resorts and gave the stock a “buy” rating in a report on Tuesday, January 23rd. BidaskClub raised Wynn Resorts from a “hold” rating to a “buy” rating in a report on Tuesday, January 23rd. Finally, Jefferies Group initiated coverage on Wynn Resorts in a report on Thursday, January 18th. They set a “buy” rating and a $202.00 target price on the stock. Eleven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $177.25.
About Wynn Resorts
Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations.
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