Wynn Resorts, Limited (NASDAQ:WYNN) Stock Holdings Decreased by Brookstone Capital Management

Brookstone Capital Management trimmed its stake in Wynn Resorts, Limited (NASDAQ:WYNN) by 42.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,726 shares of the casino operator’s stock after selling 2,040 shares during the quarter. Brookstone Capital Management’s holdings in Wynn Resorts were worth $235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in Wynn Resorts during the third quarter worth $31,000. Blue Trust Inc. increased its holdings in shares of Wynn Resorts by 556.0% during the 3rd quarter. Blue Trust Inc. now owns 551 shares of the casino operator’s stock valued at $49,000 after acquiring an additional 467 shares during the last quarter. Allworth Financial LP raised its holdings in Wynn Resorts by 17.5% in the 3rd quarter. Allworth Financial LP now owns 895 shares of the casino operator’s stock worth $86,000 after acquiring an additional 133 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its position in Wynn Resorts by 703.1% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,028 shares of the casino operator’s stock worth $99,000 after acquiring an additional 900 shares during the period. Finally, Covestor Ltd grew its holdings in shares of Wynn Resorts by 207.4% during the 3rd quarter. Covestor Ltd now owns 1,408 shares of the casino operator’s stock worth $135,000 after purchasing an additional 950 shares in the last quarter. 88.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WYNN has been the subject of a number of recent research reports. Jefferies Financial Group dropped their target price on Wynn Resorts from $109.00 to $105.00 and set a “hold” rating for the company in a report on Friday, January 3rd. Wells Fargo & Company cut their price target on Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Wynn Resorts from $122.00 to $118.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Morgan Stanley upped their target price on shares of Wynn Resorts from $112.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Finally, Barclays cut their price target on Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Wynn Resorts has a consensus rating of “Moderate Buy” and a consensus target price of $117.23.

Wynn Resorts Stock Up 2.6 %

NASDAQ:WYNN opened at $84.67 on Monday. Wynn Resorts, Limited has a twelve month low of $71.63 and a twelve month high of $110.38. The company has a market cap of $9.30 billion, a P/E ratio of 10.44, a price-to-earnings-growth ratio of 2.40 and a beta of 1.77. The business has a 50 day moving average price of $88.96 and a two-hundred day moving average price of $86.95.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings results on Monday, November 4th. The casino operator reported $0.90 earnings per share 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 for the quarter, compared to analyst estimates of $1.73 billion. During the same period last year, the firm earned $0.99 EPS. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, analysts anticipate that Wynn Resorts, Limited will post 4.73 earnings per share for the current fiscal year.

Wynn Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Friday, November 15th. Wynn Resorts’s dividend payout ratio is presently 12.33%.

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.