Wynn Resorts, Limited (WYNN) Position Increased by California Public Employees Retirement System

California Public Employees Retirement System increased its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 9.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 200,512 shares of the casino operator’s stock after buying an additional 16,910 shares during the period. California Public Employees Retirement System’s holdings in Wynn Resorts were worth $33,554,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of WYNN. Cambridge Investment Research Advisors Inc. boosted its holdings in Wynn Resorts by 100.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 9,814 shares of the casino operator’s stock valued at $1,790,000 after purchasing an additional 4,907 shares during the period. Cetera Advisor Networks LLC raised its stake in shares of Wynn Resorts by 23.7% in the 1st quarter. Cetera Advisor Networks LLC now owns 1,698 shares of the casino operator’s stock valued at $308,000 after buying an additional 325 shares in the last quarter. Federated Investors Inc. PA raised its stake in shares of Wynn Resorts by 4.9% in the 1st quarter. Federated Investors Inc. PA now owns 45,703 shares of the casino operator’s stock valued at $8,334,000 after buying an additional 2,151 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of Wynn Resorts by 28.4% in the 1st quarter. Toronto Dominion Bank now owns 44,473 shares of the casino operator’s stock valued at $8,108,000 after buying an additional 9,827 shares in the last quarter. Finally, Stratos Wealth Partners LTD. raised its stake in shares of Wynn Resorts by 14.9% in the 1st quarter. Stratos Wealth Partners LTD. now owns 2,531 shares of the casino operator’s stock valued at $462,000 after buying an additional 329 shares in the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently issued reports on the stock. ValuEngine cut shares of Wynn Resorts from a “buy” rating to a “hold” rating in a research note on Wednesday, June 6th. BidaskClub cut shares of Wynn Resorts from a “buy” rating to a “hold” rating in a research note on Wednesday, June 27th. Nomura dropped their price objective on shares of Wynn Resorts from $220.00 to $181.00 and set a “buy” rating for the company in a research note on Monday, July 9th. Jefferies Financial Group dropped their price objective on shares of Wynn Resorts from $230.00 to $229.00 and set a “buy” rating for the company in a research note on Friday, June 29th. Finally, Morgan Stanley dropped their price objective on shares of Wynn Resorts from $200.00 to $187.00 and set a “hold” rating for the company in a research note on Thursday, August 2nd. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $189.63.

Shares of Wynn Resorts stock opened at $133.94 on Wednesday. The stock has a market cap of $14.85 billion, a P/E ratio of 24.53, a PEG ratio of 0.90 and a beta of 1.43. The company has a quick ratio of 1.04, a current ratio of 1.08 and a debt-to-equity ratio of 4.47. Wynn Resorts, Limited has a 12-month low of $126.96 and a 12-month high of $203.63.

Wynn Resorts (NASDAQ:WYNN) last announced its earnings results on Wednesday, August 1st. The casino operator reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.43). The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.72 billion. Wynn Resorts had a return on equity of 69.17% and a net margin of 7.90%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.18 EPS. equities research analysts forecast that Wynn Resorts, Limited will post 7.58 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 28th. Investors of record on Thursday, August 16th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date was Wednesday, August 15th. Wynn Resorts’s dividend payout ratio (DPR) is currently 54.95%.

Wynn Resorts Company Profile

Wynn Resorts, Limited develops, owns, and operates destination casino resorts. As of February 15, 2018, the company's Wynn Macau segment had approximately 273,000 square feet of casino space, which offered 316 table games and 988 slot machines, private gaming salons, sky casinos, and a poker pit; 2 luxury hotel towers with a total of 1,008 guest rooms and suites; 8 food and beverage outlets; 59,000 square feet of retail space; 31,000 square feet of meeting and convention space; recreation and leisure facilities comprising 2 health clubs, spas, a salon, and a pool; and a rotunda show, a Chinese zodiac-inspired ceiling.

Further Reading: Earnings Per Share (EPS)

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Institutional Ownership by Quarter for Wynn Resorts (NASDAQ:WYNN)

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