Wynn Resorts, Limited (NASDAQ:WYNN) Shares Acquired by First Dallas Securities Inc.

First Dallas Securities Inc. increased its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,165 shares of the casino operator’s stock after acquiring an additional 759 shares during the quarter. Wynn Resorts makes up approximately 1.9% of First Dallas Securities Inc.’s holdings, making the stock its 9th biggest holding. First Dallas Securities Inc.’s holdings in Wynn Resorts were worth $4,581,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. IHT Wealth Management LLC grew its holdings in shares of Wynn Resorts by 1.7% in the 3rd quarter. IHT Wealth Management LLC now owns 6,766 shares of the casino operator’s stock worth $654,000 after acquiring an additional 112 shares during the last quarter. 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 worth $188,000 after purchasing an additional 119 shares in the last quarter. Allworth Financial LP raised its holdings in Wynn Resorts by 17.5% during the 3rd quarter. Allworth Financial LP now owns 895 shares of the casino operator’s stock worth $86,000 after buying an additional 133 shares during the period. Prospera Financial Services Inc lifted its stake in Wynn Resorts by 4.1% during the third 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 in the last quarter. Finally, Wedmont Private Capital boosted its holdings in shares of Wynn Resorts by 7.5% in the fourth quarter. Wedmont Private Capital now owns 2,638 shares of the casino operator’s stock worth $214,000 after buying an additional 183 shares during the period. Institutional investors own 88.64% of the company’s stock.

Wynn Resorts Trading Down 3.8 %

Shares of Wynn Resorts stock opened at $83.56 on Tuesday. The stock has a market capitalization of $9.18 billion, a price-to-earnings ratio of 10.30, a P/E/G ratio of 2.50 and a beta of 1.76. The firm’s 50-day moving average price is $87.93 and its two-hundred day moving average price is $86.97. Wynn Resorts, Limited has a 1-year low of $71.63 and a 1-year high of $110.38.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings results on Monday, November 4th. The casino operator reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.11). The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.73 billion. Wynn Resorts had a net margin of 13.37% and a negative return on equity of 61.16%. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.99 earnings per share. As a group, equities research analysts predict that Wynn Resorts, Limited will post 4.69 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on WYNN shares. Barclays lowered their price objective on shares of Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. JPMorgan Chase & Co. boosted their price objective on Wynn Resorts from $101.00 to $113.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Wells Fargo & Company decreased their target price on Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Jefferies Financial Group cut their price target on Wynn Resorts from $109.00 to $105.00 and set a “hold” rating for the company in a report on Friday, January 3rd. Finally, Macquarie reissued an “outperform” rating and set a $120.00 price objective on shares of Wynn Resorts in a report on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.23.

Wynn Resorts Company 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.