92,081 Shares in Wynn Resorts, Limited $WYNN Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd acquired a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) in the 4th quarter, Holdings Channel reports. The fund acquired 92,081 shares of the casino operator’s stock, valued at approximately $11,080,000.

Several other large investors have also made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Wynn Resorts by 10.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,961 shares of the casino operator’s stock valued at $665,000 after acquiring an additional 754 shares during the period. Woodline Partners LP increased its stake in Wynn Resorts by 36.2% during the first quarter. Woodline Partners LP now owns 7,568 shares of the casino operator’s stock valued at $632,000 after acquiring an additional 2,012 shares during the period. Geneos Wealth Management Inc. increased its stake in Wynn Resorts by 69.0% during the first quarter. Geneos Wealth Management Inc. now owns 382 shares of the casino operator’s stock valued at $32,000 after acquiring an additional 156 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Wynn Resorts by 13.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,659 shares of the casino operator’s stock valued at $155,000 after acquiring an additional 201 shares during the period. Finally, Guggenheim Capital LLC increased its stake in Wynn Resorts by 9.5% during the second quarter. Guggenheim Capital LLC now owns 10,008 shares of the casino operator’s stock valued at $937,000 after acquiring an additional 868 shares during the period. Institutional investors and hedge funds own 88.64% of the company’s stock.

Analyst Upgrades and Downgrades

WYNN has been the topic of several research reports. Stifel Nicolaus lowered their price target on Wynn Resorts from $160.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Barclays lowered their price target on Wynn Resorts from $143.00 to $139.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $137.00 price target on shares of Wynn Resorts in a research note on Friday, May 8th. Citigroup lowered their price target on Wynn Resorts from $145.00 to $132.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Finally, Jefferies Financial Group lowered their price target on Wynn Resorts from $161.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $140.00.

Wynn Resorts Trading Up 0.8%

WYNN stock opened at $104.48 on Friday. Wynn Resorts, Limited has a 1-year low of $82.64 and a 1-year high of $134.72. The firm has a market cap of $10.84 billion, a P/E ratio of 31.19, a P/E/G ratio of 0.97 and a beta of 0.98. The business’s 50 day moving average is $102.43 and its 200-day moving average is $110.99.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings data on Thursday, May 7th. The casino operator reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.07. Wynn Resorts had a negative return on equity of 42.03% and a net margin of 5.14%.The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the prior year, the company posted $1.07 EPS. The company’s revenue was up 9.2% compared to the same quarter last year. Sell-side analysts forecast that Wynn Resorts, Limited will post 4.61 EPS for the current year.

Wynn Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Monday, May 18th. Wynn Resorts’s dividend payout ratio is currently 29.85%.

Wynn Resorts Profile

Wynn Resorts, Limited (NASDAQ: WYNN) is a global developer and operator of luxury resorts and casinos, renowned for its premium hospitality offerings and integrated entertainment experiences. The company specializes in high-end hotel accommodations, gaming operations, fine dining restaurants, retail outlets, meeting and convention spaces, and live entertainment venues. Its properties are designed to cater to both leisure and business travelers seeking upscale environments and world-class service.

Founded in 2002 by hospitality entrepreneur Steve Wynn, the company opened its flagship property, Wynn Las Vegas, on the Las Vegas Strip in 2005, followed by Encore Las Vegas in 2008.