6,523 Wynn Resorts, Limited $WYNN Shares Sold by Penn Capital Management Company LLC

Penn Capital Management Company LLC cut its stake in Wynn Resorts, Limited (NASDAQ:WYNN) by 36.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,330 shares of the casino operator’s stock after selling 6,523 shares during the quarter. Penn Capital Management Company LLC’s holdings in Wynn Resorts were worth $908,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Wynn Resorts during the second quarter valued at approximately $609,566,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Wynn Resorts during the second quarter valued at approximately $321,402,000. State Street Corp boosted its holdings in Wynn Resorts by 2.6% in the second quarter. State Street Corp now owns 3,047,930 shares of the casino operator’s stock worth $295,924,000 after purchasing an additional 77,416 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Wynn Resorts by 17.4% in the first quarter. Renaissance Technologies LLC now owns 1,239,956 shares of the casino operator’s stock worth $125,918,000 after purchasing an additional 184,000 shares during the last quarter. Finally, Alyeska Investment Group L.P. purchased a new stake in Wynn Resorts in the second quarter worth approximately $99,277,000. 88.64% of the stock is currently owned by institutional investors.

More Wynn Resorts News

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..

Analysts Set New Price Targets

A number of research firms have commented on WYNN. Barclays cut their target price on shares of Wynn Resorts from $128.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, November 6th. Morgan Stanley lowered their price target on Wynn Resorts from $128.00 to $120.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. Susquehanna restated a “positive” rating and issued a $95.00 price target on shares of Wynn Resorts in a research note on Friday. Wall Street Zen downgraded Wynn Resorts from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Stifel Nicolaus set a $110.00 price objective on Wynn Resorts in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Wynn Resorts currently has an average rating of “Moderate Buy” and an average price target of $120.88.

Wynn Resorts Stock Up 0.7%

NASDAQ WYNN opened at $87.30 on Wednesday. The company has a 50-day moving average price of $80.43 and a 200-day moving average price of $97.41. Wynn Resorts, Limited has a 52 week low of $70.79 and a 52 week high of $134.72. The firm has a market capitalization of $8.95 billion, a P/E ratio of 26.06, a PEG ratio of 1.10 and a beta of 0.96.

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

Wynn Resorts Announces Dividend

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

About Wynn Resorts

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.