Wynn Resorts, Limited (NASDAQ:WYNN) Shares Acquired by Tempus Wealth Planning LLC

Tempus Wealth Planning LLC increased its holdings in Wynn Resorts, Limited (NASDAQ:WYNN) by 17.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,718 shares of the casino operator’s stock after buying an additional 1,607 shares during the period. Tempus Wealth Planning LLC’s holdings in Wynn Resorts were worth $923,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. New Wave Wealth Advisors LLC acquired a new position in Wynn Resorts in the fourth quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Wynn Resorts in the 3rd quarter worth approximately $31,000. Spire Wealth Management grew its stake in Wynn Resorts by 116.4% during the 4th quarter. Spire Wealth Management now owns 435 shares of the casino operator’s stock worth $37,000 after buying an additional 234 shares during the last quarter. Blue Trust Inc. increased its position in Wynn Resorts by 556.0% in the third quarter. Blue Trust Inc. now owns 551 shares of the casino operator’s stock worth $49,000 after buying an additional 467 shares during the period. Finally, Allworth Financial LP lifted its stake in Wynn Resorts by 17.5% in the third quarter. Allworth Financial LP now owns 895 shares of the casino operator’s stock valued at $86,000 after buying an additional 133 shares during the last quarter. Institutional investors own 88.64% of the company’s stock.

Wynn Resorts Price Performance

NASDAQ WYNN opened at $83.56 on Tuesday. The company has a market capitalization of $9.18 billion, a P/E ratio of 10.30, a PEG ratio of 2.50 and a beta of 1.76. Wynn Resorts, Limited has a 12 month low of $71.63 and a 12 month high of $110.38. The company’s 50 day simple moving average is $87.93 and its 200 day simple moving average is $86.97.

Wynn Resorts (NASDAQ:WYNN) last issued its earnings results on Monday, November 4th. The casino operator reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $1.73 billion. During the same quarter in the previous year, the firm earned $0.99 earnings per share. The business’s revenue was up 1.3% compared to the same quarter last year. On average, analysts anticipate that Wynn Resorts, Limited will post 4.69 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Susquehanna increased their price objective on shares of Wynn Resorts from $92.00 to $122.00 and gave the stock a “positive” rating in a report on Friday, October 11th. Morgan Stanley lifted their price target on Wynn Resorts from $112.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Barclays decreased their price objective on Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reduced their price target on Wynn Resorts from $122.00 to $118.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, Macquarie reissued an “outperform” rating and set a $120.00 price target on shares of Wynn Resorts in a report on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average 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.