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

First Dallas Securities Inc. lifted its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,165 shares of the casino operator’s stock after purchasing an additional 759 shares during the quarter. Wynn Resorts accounts for about 1.9% of First Dallas Securities Inc.’s portfolio, making the stock its 9th biggest position. First Dallas Securities Inc.’s holdings in Wynn Resorts were worth $4,581,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Fisher Asset Management LLC lifted its holdings in shares of Wynn Resorts by 70.7% in the third quarter. Fisher Asset Management LLC now owns 3,971,846 shares of the casino operator’s stock valued at $380,821,000 after purchasing an additional 1,644,965 shares in the last quarter. Geode Capital Management LLC boosted its position in Wynn Resorts by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,406,260 shares of the casino operator’s stock worth $229,945,000 after acquiring an additional 34,907 shares during the last quarter. Regal Partners Ltd grew its stake in shares of Wynn Resorts by 24.0% during the 3rd quarter. Regal Partners Ltd now owns 898,705 shares of the casino operator’s stock worth $86,168,000 after acquiring an additional 174,005 shares in the last quarter. Holocene Advisors LP raised its holdings in shares of Wynn Resorts by 27,868.5% in the third quarter. Holocene Advisors LP now owns 757,946 shares of the casino operator’s stock valued at $72,672,000 after purchasing an additional 755,236 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Wynn Resorts by 1.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 624,469 shares of the casino operator’s stock worth $59,874,000 after purchasing an additional 10,465 shares in the last quarter. 88.64% of the stock is currently owned by institutional investors and hedge funds.

Wynn Resorts Price Performance

Shares of Wynn Resorts stock opened at $83.56 on Tuesday. The business has a 50-day simple moving average of $87.93 and a 200 day simple moving average of $86.97. The firm has a market capitalization of $9.18 billion, a price-to-earnings ratio of 10.30, a PEG ratio of 2.50 and a beta of 1.76. Wynn Resorts, Limited has a one year low of $71.63 and a one year high of $110.38.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Susquehanna boosted their price target on shares of Wynn Resorts from $92.00 to $122.00 and gave the stock a “positive” rating in a research report on Friday, October 11th. Macquarie reissued an “outperform” rating and set a $120.00 price target on shares of Wynn Resorts in a research report on Tuesday, November 5th. Morgan Stanley boosted their price target on Wynn Resorts from $112.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Barclays decreased their target price on shares of Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Finally, Wells Fargo & Company dropped their price target on shares of Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating on the stock in a research 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 given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.