Wynn Resorts, Limited (NASDAQ:WYNN) Shares Acquired by Hodges Capital Management Inc.

Hodges Capital Management Inc. boosted its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 1.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 338,134 shares of the casino operator’s stock after buying an additional 3,839 shares during the period. Wynn Resorts comprises about 1.8% of Hodges Capital Management Inc.’s portfolio, making the stock its 10th biggest holding. Hodges Capital Management Inc.’s holdings in Wynn Resorts were worth $29,134,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. U.S. Capital Wealth Advisors LLC bought a new position in shares of Wynn Resorts in the fourth quarter valued at approximately $1,287,000. Spire Wealth Management grew its stake in 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 last quarter. Heck Capital Advisors LLC bought a new position in Wynn Resorts in the 4th quarter worth $386,000. New Wave Wealth Advisors LLC bought a new stake in Wynn Resorts during the fourth quarter valued at about $26,000. Finally, Coastwise Capital Group LLC boosted its holdings in Wynn Resorts by 5.1% during the fourth quarter. Coastwise Capital Group LLC now owns 8,520 shares of the casino operator’s stock valued at $734,000 after acquiring an additional 414 shares during the period. 88.64% of the stock is currently owned by institutional investors.

Wynn Resorts Trading Down 3.1 %

NASDAQ WYNN opened at $86.85 on Monday. Wynn Resorts, Limited has a 1-year low of $71.63 and a 1-year high of $110.38. The company has a market capitalization of $9.54 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 2.50 and a beta of 1.76. The stock’s 50 day moving average is $88.12 and its two-hundred day moving average is $86.97.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings results 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 net margin of 13.37% and a negative return on equity of 61.16%. The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same period in the prior year, the firm earned $0.99 EPS. Wynn Resorts’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, analysts predict that Wynn Resorts, Limited will post 4.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

WYNN has been the subject of several research analyst reports. Morgan Stanley boosted their price objective on Wynn Resorts from $112.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Macquarie reiterated an “outperform” rating and set a $120.00 price target on shares of Wynn Resorts in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Wynn Resorts from $122.00 to $118.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Jefferies Financial Group reduced their price target on shares of Wynn Resorts from $109.00 to $105.00 and set a “hold” rating for the company in a report on Friday, January 3rd. Finally, Susquehanna boosted 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. Three equities 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 an average rating of “Moderate Buy” and an average 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.