WINTON GROUP Ltd Buys Shares of 92,081 Wynn Resorts, Limited $WYNN

WINTON GROUP Ltd bought a new stake in Wynn Resorts, Limited (NASDAQ:WYNN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 92,081 shares of the casino operator’s stock, valued at approximately $11,080,000. WINTON GROUP Ltd owned approximately 0.09% of Wynn Resorts at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Hantz Financial Services Inc. grew its stake in Wynn Resorts by 54.9% in the fourth quarter. Hantz Financial Services Inc. now owns 251 shares of the casino operator’s stock valued at $30,000 after purchasing an additional 89 shares in the last quarter. Horizon Investments LLC grew its stake in Wynn Resorts by 6.7% in the fourth quarter. Horizon Investments LLC now owns 1,500 shares of the casino operator’s stock valued at $180,000 after purchasing an additional 94 shares in the last quarter. Westside Investment Management Inc. grew its stake in Wynn Resorts by 40.2% in the third quarter. Westside Investment Management Inc. now owns 338 shares of the casino operator’s stock valued at $44,000 after purchasing an additional 97 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Wynn Resorts by 21.6% in the third quarter. Parallel Advisors LLC now owns 563 shares of the casino operator’s stock worth $72,000 after buying an additional 100 shares during the last quarter. Finally, Cromwell Holdings LLC lifted its position in shares of Wynn Resorts by 68.2% in the fourth quarter. Cromwell Holdings LLC now owns 254 shares of the casino operator’s stock worth $31,000 after buying an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 88.64% of the company’s stock.

Wynn Resorts Price Performance

Shares of NASDAQ:WYNN opened at $104.48 on Friday. Wynn Resorts, Limited has a fifty-two week low of $82.64 and a fifty-two week high of $134.72. The business has a 50-day moving average of $102.43 and a two-hundred day moving average of $110.99. The stock has a market capitalization 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.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings data on Thursday, May 7th. The casino operator reported $1.25 earnings per share for the quarter, topping 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 business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the previous year, the firm earned $1.07 EPS. The firm’s revenue was up 9.2% compared to the same quarter last year. As a group, research analysts expect that Wynn Resorts, Limited will post 4.61 EPS for the current fiscal year.

Wynn Resorts Announces Dividend

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

Analyst Ratings Changes

A number of analysts have weighed in on the company. Citigroup reduced their price target on Wynn Resorts from $145.00 to $132.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Morgan Stanley reduced their price target on Wynn Resorts from $136.00 to $133.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Stifel Nicolaus reduced their price target on Wynn Resorts from $160.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Wells Fargo & Company set a $142.00 price target on Wynn Resorts and gave the stock an “overweight” rating in a research report on Sunday, May 10th. Finally, UBS Group reaffirmed a “buy” rating on shares of Wynn Resorts in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $140.00.

About Wynn Resorts

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.