Wynn Resorts, Limited $WYNN Stock Sold by Penn Capital Management Company LLC

Penn Capital Management Company LLC cut its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 36.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,330 shares of the casino operator’s stock after selling 6,523 shares during the period. Penn Capital Management Company LLC’s holdings in Wynn Resorts were worth $908,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Operose Advisors LLC grew its holdings in Wynn Resorts by 400.0% during the second quarter. Operose Advisors LLC now owns 500 shares of the casino operator’s stock valued at $49,000 after purchasing an additional 400 shares during the period. Parallel Advisors LLC increased its position in Wynn Resorts by 18.5% in the first quarter. Parallel Advisors LLC now owns 756 shares of the casino operator’s stock worth $77,000 after buying an additional 118 shares in the last quarter. Optiver Holding B.V. bought a new position in shares of Wynn Resorts in the first quarter worth about $90,000. GKV Capital Management Co. Inc. bought a new position in shares of Wynn Resorts in the first quarter worth about $102,000. Finally, Allworth Financial LP bought a new position in shares of Wynn Resorts in the second quarter worth about $108,000. 88.64% of the stock is currently owned by hedge funds and other institutional investors.

Wynn Resorts News Summary

Here are the key news stories impacting Wynn Resorts this week:

• Positive Sentiment: CBRE says Wynn Al Marjan Island in the UAE could significantly improve Wynn’s finances when it opens and potentially support a credit-rating upgrade. Read More..
• Positive Sentiment: Wynn Las Vegas reported 3% growth in RevPAR and average daily rate, while Wynn Palace added 432 suites through its Enclave project—signs of resilience and expanded capacity. Read More..
• Neutral Sentiment: Wynn is reportedly considering plans for its vacant 38-acre site across from Encore Las Vegas. The property could offer development potential, but the report does not describe a finalized project or financial impact. Read More..
• Neutral Sentiment: Several analysts lowered price targets, including Citigroup ($100 from $103), JPMorgan ($112 from $115), and Macquarie ($128 from $132); Citigroup retained a Buy rating and JPMorgan remained Overweight. These targets still imply upside from the cited share price, but the reductions temper expectations. Read More. · Read More. · Read More..
• Negative Sentiment: Third-quarter results missed expectations: Wynn reported $0.33 in EPS versus $0.52 expected and $1.69 billion in revenue versus $1.75 billion expected. Revenue fell 7.9% year over year, and EPS was down from $0.86 a year earlier. Read More..
• Negative Sentiment: A Las Vegas union plans a rally alleging unfair labor practices at Wynn, which could add reputational or labor-relations pressure. Read More..
• Negative Sentiment: Wall Street Zen cut its rating on Wynn to Sell, adding to the cautious analyst signals. Read More..

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on WYNN shares. UBS Group set a $120.00 price objective on Wynn Resorts in a research report on Tuesday, October 20th. Wolfe Research started coverage on shares of Wynn Resorts in a report on Wednesday, September 2nd. They issued an “outperform” rating and a $128.00 target price for the company. JPMorgan Chase & Co. reduced their target price on shares of Wynn Resorts from $115.00 to $112.00 and set an “overweight” rating for the company in a report on Friday, November 6th. The Goldman Sachs Group restated a “buy” rating and set a $93.00 target price on shares of Wynn Resorts in a research note on Friday. Finally, Mizuho lowered their price target on shares of Wynn Resorts from $133.00 to $125.00 and set an “outperform” rating on the stock in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Wynn Resorts currently has an average rating of “Moderate Buy” and a consensus price target of $120.88.

Wynn Resorts Stock Performance

Shares of Wynn Resorts stock opened at $87.30 on Wednesday. Wynn Resorts, Limited has a fifty-two week low of $70.79 and a fifty-two week high of $134.72. The company has a market capitalization of $8.95 billion, a P/E ratio of 26.06, a P/E/G ratio of 1.10 and a beta of 0.96. The company has a fifty day moving average of $80.43 and a 200 day moving average of $97.41.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings results on Thursday, November 5th. The casino operator reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.19). Wynn Resorts had a net margin of 5.20% and a negative return on equity of 42.73%. The business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same period in the prior year, the business earned $0.86 earnings per share. Wynn Resorts’s revenue was down 7.9% compared to the same quarter last year. Analysts forecast that Wynn Resorts, Limited will post 4.08 EPS for the current year.

Wynn Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.1%. Wynn Resorts’s dividend payout ratio is 29.85%.

Wynn Resorts Profile

Wynn Resorts, Limited develops and operates luxury hotels and casino resorts. Its properties offer gaming, hotel accommodations, restaurants, retail, entertainment, and convention and meeting facilities. The company’s portfolio includes Wynn Las Vegas and Encore in Nevada, Encore Boston Harbor in Massachusetts, and Wynn Macau and Wynn Palace in Macau. Its operations therefore span the United States and Macau, a special administrative region of China. Founded in 2002, Wynn Resorts opened Wynn Las Vegas in 2005.