Hussman Strategic Advisors Inc. Buys Shares of 10,500 Wynn Resorts, Limited $WYNN

Hussman Strategic Advisors Inc. purchased a new stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,500 shares of the casino operator’s stock, valued at approximately $1,347,000.

Several other large investors also recently added to or reduced their stakes in WYNN. Private Wealth Partners LLC lifted its holdings in Wynn Resorts by 3.1% during the 2nd quarter. Private Wealth Partners LLC now owns 3,360 shares of the casino operator’s stock worth $315,000 after purchasing an additional 100 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in Wynn Resorts by 1.0% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 12,356 shares of the casino operator’s stock worth $1,167,000 after acquiring an additional 127 shares during the period. Global Retirement Partners LLC increased its holdings in shares of Wynn Resorts by 19.6% in the third quarter. Global Retirement Partners LLC now owns 818 shares of the casino operator’s stock worth $105,000 after purchasing an additional 134 shares during the period. Asset Management One Co. Ltd. grew its position in Wynn Resorts by 4.7% during the third quarter. Asset Management One Co. Ltd. now owns 3,047 shares of the casino operator’s stock worth $391,000 after buying an additional 138 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in shares of Wynn Resorts by 30.9% during the second quarter. First Horizon Advisors Inc. now owns 640 shares of the casino operator’s stock worth $60,000 after purchasing an additional 151 shares in the last quarter. Hedge funds and other institutional investors own 88.64% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Macquarie restated an “outperform” rating and set a $143.00 price objective on shares of Wynn Resorts in a research report on Monday, December 8th. Mizuho raised their price target on Wynn Resorts from $126.00 to $131.00 and gave the company an “outperform” rating in a research report on Thursday, November 13th. Barclays upped their price objective on Wynn Resorts from $141.00 to $143.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. The Goldman Sachs Group reissued a “buy” rating and set a $148.00 price objective on shares of Wynn Resorts in a report on Monday, December 15th. Finally, JPMorgan Chase & Co. boosted their target price on Wynn Resorts from $138.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, December 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Wynn Resorts currently has an average rating of “Moderate Buy” and an average price target of $140.15.

Wynn Resorts Trading Down 0.8%

WYNN opened at $112.88 on Thursday. Wynn Resorts, Limited has a 12 month low of $65.25 and a 12 month high of $134.72. The business’s 50-day moving average price is $121.85 and its 200-day moving average price is $119.90. The company has a market cap of $11.74 billion, a P/E ratio of 25.25, a P/E/G ratio of 10.08 and a beta of 1.08.

Wynn Resorts (NASDAQ:WYNN) last issued its earnings results on Thursday, November 6th. The casino operator reported $0.86 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.23). The company had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.76 billion. Wynn Resorts had a net margin of 7.09% and a negative return on equity of 54.88%. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.90 earnings per share. Equities research analysts forecast that Wynn Resorts, Limited will post 5.17 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 17th were issued a $0.25 dividend. The ex-dividend date was Monday, November 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.9%. Wynn Resorts’s dividend payout ratio (DPR) is currently 22.37%.

Wynn Resorts Profile

Wynn Resorts, Limited (NASDAQ: WYNN) is a global developer and operator of luxury resorts and casinos, renowned for its premium hospitality offerings and integrated entertainment experiences. The company specializes in high-end hotel accommodations, gaming operations, fine dining restaurants, retail outlets, meeting and convention spaces, and live entertainment venues. Its properties are designed to cater to both leisure and business travelers seeking upscale environments and world-class service.

Founded in 2002 by hospitality entrepreneur Steve Wynn, the company opened its flagship property, Wynn Las Vegas, on the Las Vegas Strip in 2005, followed by Encore Las Vegas in 2008.