U.S. Capital Wealth Advisors LLC Invests $1.29 Million in Wynn Resorts, Limited (NASDAQ:WYNN)

U.S. Capital Wealth Advisors LLC purchased a new position in Wynn Resorts, Limited (NASDAQ:WYNN) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 14,942 shares of the casino operator’s stock, valued at approximately $1,287,000.

A number of other large investors also recently modified their holdings of the business. Fisher Asset Management LLC lifted its position in shares of Wynn Resorts by 70.7% in the 3rd quarter. Fisher Asset Management LLC now owns 3,971,846 shares of the casino operator’s stock worth $380,821,000 after buying an additional 1,644,965 shares during the last quarter. Geode Capital Management LLC lifted its position in Wynn Resorts by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,406,260 shares of the casino operator’s stock valued at $229,945,000 after purchasing an additional 34,907 shares during the last quarter. Regal Partners Ltd lifted its position in Wynn Resorts by 24.0% in the 3rd quarter. Regal Partners Ltd now owns 898,705 shares of the casino operator’s stock valued at $86,168,000 after purchasing an additional 174,005 shares during the last quarter. Holocene Advisors LP lifted its position in Wynn Resorts by 27,868.5% in the 3rd 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 Wynn Resorts by 1.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 624,469 shares of the casino operator’s stock valued at $59,874,000 after purchasing an additional 10,465 shares during the last quarter. 88.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on WYNN shares. JPMorgan Chase & Co. lifted their price objective on shares of Wynn Resorts from $101.00 to $113.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Wells Fargo & Company cut their price objective 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. Barclays cut 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. Jefferies Financial Group lowered their target price on shares of Wynn Resorts from $109.00 to $105.00 and set a “hold” rating on the stock in a research note on Friday, January 3rd. Finally, Susquehanna raised their target price on shares of Wynn Resorts from $92.00 to $122.00 and gave the company a “positive” rating in a research note on Friday, October 11th. Three 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.com, Wynn Resorts has an average rating of “Moderate Buy” and a consensus target price of $117.23.

Wynn Resorts Price Performance

Shares of WYNN opened at $83.19 on Wednesday. The firm’s 50 day moving average is $87.75 and its 200-day moving average is $86.97. The stock has a market capitalization of $9.14 billion, a P/E ratio of 10.26, a P/E/G 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.

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

About Wynn Resorts

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.