U S Global Investors Inc. Boosts Holdings in Wynn Resorts, Limited (NASDAQ:WYNN)

U S Global Investors Inc. increased its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 103.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,600 shares of the casino operator’s stock after buying an additional 5,400 shares during the quarter. U S Global Investors Inc.’s holdings in Wynn Resorts were worth $913,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC acquired a new stake in shares of Wynn Resorts during the fourth quarter valued at about $26,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Wynn Resorts during the third quarter worth $31,000. Spire Wealth Management raised its holdings in shares of Wynn Resorts by 116.4% in the 4th quarter. Spire Wealth Management now owns 435 shares of the casino operator’s stock valued at $37,000 after buying an additional 234 shares during the period. Blue Trust Inc. boosted its holdings in 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 period. Finally, Venturi Wealth Management LLC grew its position in Wynn Resorts by 15.0% in the 4th quarter. Venturi Wealth Management LLC now owns 936 shares of the casino operator’s stock valued at $81,000 after acquiring an additional 122 shares in the last quarter. Hedge funds and other institutional investors own 88.64% of the company’s stock.

Insider Activity at Wynn Resorts

In other Wynn Resorts news, Director Philip G. Satre purchased 22,200 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was bought at an average cost of $92.18 per share, for a total transaction of $2,046,396.00. Following the acquisition, the director now owns 34,195 shares of the company’s stock, valued at approximately $3,152,095.10. The trade was a 185.08 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on WYNN shares. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Wynn Resorts from $122.00 to $118.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Mizuho lifted their target price on Wynn Resorts from $118.00 to $132.00 and gave the company an “outperform” rating in a report on Friday, February 14th. Barclays boosted their price target on shares of Wynn Resorts from $115.00 to $116.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Stifel Nicolaus boosted their price target on shares of Wynn Resorts from $123.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Finally, Wells Fargo & Company dropped their price objective on Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $119.58.

Wynn Resorts Trading Down 3.2 %

Shares of WYNN opened at $88.19 on Friday. The firm’s 50-day moving average is $85.35 and its two-hundred day moving average is $87.66. Wynn Resorts, Limited has a twelve month low of $71.63 and a twelve month high of $110.38. The firm has a market capitalization of $9.38 billion, a P/E ratio of 20.95, a PEG ratio of 2.35 and a beta of 1.76.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings results on Thursday, February 13th. The casino operator reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $1.15. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.78 billion. Wynn Resorts had a net margin of 7.03% and a negative return on equity of 71.17%. Analysts predict that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Monday, February 24th. Wynn Resorts’s dividend payout ratio is presently 23.75%.

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.