Bamco Inc. NY Takes Position in Wynn Resorts, Limited $WYNN

Key Points

• Bamco Inc. NY acquired 692,338 Wynn Resorts shares worth approximately $67.2 million, representing about 0.67% of the company. Institutional investors and hedge funds collectively own 88.64% of Wynn’s stock.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and average price target of $134.19, despite some target-price reductions. Wynn shares recently traded at $97.17, below their 50-day and 200-day moving averages.
• Wynn exceeded quarterly expectations, reporting $1.24 in EPS versus the $0.99 consensus estimate and $1.86 billion in revenue. The company also declared a quarterly dividend of $0.25 per share, equivalent to a 1.0% annualized yield.

Bamco Inc. NY bought a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 692,338 shares of the casino operator's stock, valued at approximately $67,219,000. Bamco Inc. NY owned approximately 0.67% of Wynn Resorts as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Capital World Investors boosted its position in shares of Wynn Resorts by 0.6% during the 4th quarter. Capital World Investors now owns 9,542,392 shares of the casino operator's stock valued at $1,148,236,000 after acquiring an additional 61,209 shares during the last quarter. BlackRock Inc. acquired a new position in Wynn Resorts in the second quarter valued at about $609,566,000. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Wynn Resorts by 9.5% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,680,631 shares of the casino operator's stock valued at $442,890,000 after buying an additional 320,502 shares during the last quarter. Egerton Capital UK LLP purchased a new position in Wynn Resorts during the fourth quarter worth about $249,053,000. Finally, Invesco Ltd. increased its position in shares of Wynn Resorts by 14.2% during the fourth quarter. Invesco Ltd. now owns 2,011,462 shares of the casino operator's stock valued at $242,039,000 after acquiring an additional 249,704 shares during the last quarter. 88.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Mizuho cut their target price on Wynn Resorts from $133.00 to $125.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $137.00 price objective on shares of Wynn Resorts in a report on Friday, May 8th. Morgan Stanley restated an "overweight" rating and set a $128.00 target price on shares of Wynn Resorts in a research note on Wednesday, July 22nd. Wells Fargo & Company reduced their price target on shares of Wynn Resorts from $141.00 to $131.00 and set an "overweight" rating for the company in a research report on Wednesday, August 5th. Finally, Stifel Nicolaus set a $143.00 price objective on Wynn Resorts in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $134.19.

Wynn Resorts Trading Down 1.6%

Shares of WYNN opened at $97.17 on Thursday. Wynn Resorts, Limited has a twelve month low of $92.52 and a twelve month high of $134.72. The firm has a market capitalization of $10.01 billion, a PE ratio of 24.11, a P/E/G ratio of 0.87 and a beta of 1.01. The stock's 50 day moving average is $99.44 and its two-hundred day moving average is $102.66.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The casino operator reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.25. The firm had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.83 billion. Wynn Resorts had a negative return on equity of 46.52% and a net margin of 6.05%.Wynn Resorts's revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.09 earnings per share. On average, sell-side analysts predict that Wynn Resorts, Limited will post 4.65 EPS for the current year.

Wynn Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, August 14th. Wynn Resorts's dividend payout ratio is presently 24.81%.

Key Wynn Resorts News

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

• Positive Sentiment: Zacks raised several earnings estimates. The firm increased its FY2026 EPS forecast to $4.38 from $4.18, FY2027 EPS to $5.03 from $4.92, Q3 2026 EPS to $0.84 from $0.77, Q1 2027 EPS to $1.32 from $1.30, Q2 2027 EPS to $1.17 from $1.08, and Q1 2028 EPS to $1.42 from $1.41. The revisions suggest analysts see somewhat stronger profitability ahead, although Zacks retained its “Hold” rating. Zacks Research estimates
• Positive Sentiment: Wynn Al Marjan Island unveiled a new luxury accommodation concept. The United Arab Emirates resort introduced large “Townhomes,” including residences of up to 1,110 square meters. The offering could support premium room rates, broaden the resort’s appeal to affluent travelers and strengthen the long-term growth narrative for Wynn’s UAE development. Wynn Al Marjan reveals Townhomes accommodation concept
• Neutral Sentiment: Short-interest data provided no usable signal. The report listed short interest at zero shares and a zero-day days-to-cover ratio, but also showed an invalid “NaN” change, suggesting a data-quality issue rather than a meaningful shift in investor positioning.
• Negative Sentiment: One estimate was reduced. Zacks lowered its Q4 2026 EPS forecast to $1.05 from $1.09. While the broader estimate revisions were positive, the cut and the unchanged “Hold” rating may limit enthusiasm. Wynn also continues to trade below its 50-day and 200-day moving averages, indicating lingering technical weakness.

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.

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