Barrow Hanley Mewhinney & Strauss LLC Boosts Holdings in Wynn Resorts, Limited (NASDAQ:WYNN)

Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 18.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,125,668 shares of the casino operator's stock after purchasing an additional 485,204 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 2.85% of Wynn Resorts worth $269,308,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in WYNN. SG Americas Securities LLC grew its holdings in shares of Wynn Resorts by 129.2% in the fourth quarter. SG Americas Securities LLC now owns 19,730 shares of the casino operator's stock worth $1,700,000 after purchasing an additional 87,283 shares during the last quarter. Lake Hills Wealth Management LLC bought a new position in shares of Wynn Resorts during the 4th quarter worth $272,000. Exchange Traded Concepts LLC grew its position in shares of Wynn Resorts by 4.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 13,811 shares of the casino operator's stock worth $1,190,000 after buying an additional 589 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of Wynn Resorts by 5.8% during the fourth quarter. Fifth Third Bancorp now owns 2,183 shares of the casino operator's stock valued at $188,000 after buying an additional 119 shares during the period. Finally, Pacer Advisors Inc. raised its holdings in shares of Wynn Resorts by 31.9% in the fourth quarter. Pacer Advisors Inc. now owns 21,909 shares of the casino operator's stock valued at $1,888,000 after acquiring an additional 5,294 shares in the last quarter. Hedge funds and other institutional investors own 88.64% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on WYNN. Morgan Stanley reduced their price objective on shares of Wynn Resorts from $105.00 to $103.00 and set an "overweight" rating for the company in a research note on Monday, February 24th. Citigroup upgraded Wynn Resorts from a "neutral" rating to a "buy" rating in a report on Wednesday, May 7th. Stifel Nicolaus set a $113.00 price target on Wynn Resorts in a research report on Wednesday, May 7th. Barclays decreased their price objective on Wynn Resorts from $116.00 to $99.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Finally, Argus lowered Wynn Resorts from a "buy" rating to a "hold" rating in a research note on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Wynn Resorts has an average rating of "Moderate Buy" and an average target price of $112.92.

Wynn Resorts Stock Down 0.6%

Shares of Wynn Resorts stock opened at $90.91 on Friday. The company has a 50 day moving average price of $82.09 and a 200 day moving average price of $85.74. The firm has a market capitalization of $9.51 billion, a P/E ratio of 21.59, a PEG ratio of 2.35 and a beta of 1.33. Wynn Resorts, Limited has a 52 week low of $65.25 and a 52 week high of $107.81.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The casino operator reported $1.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.24 by ($0.17). The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.74 billion. Wynn Resorts had a net margin of 7.03% and a negative return on equity of 71.17%. The company's revenue for the quarter was down 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.59 EPS. As a group, research analysts anticipate that Wynn Resorts, Limited will post 5.17 earnings per share for the current fiscal year.

Wynn Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Friday, May 16th. Wynn Resorts's payout ratio is 27.78%.

Insider Buying and Selling

In other Wynn Resorts news, major shareholder Tilman J. Fertitta purchased 100,000 shares of Wynn Resorts stock in a transaction on Monday, April 7th. The stock was bought at an average cost of $67.62 per share, with a total value of $6,762,000.00. Following the transaction, the insider now owns 13,000,000 shares of the company's stock, valued at $879,060,000. This represents a 0.78% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders bought 416,500 shares of company stock worth $29,254,547 in the last 90 days. Insiders own 0.52% of the company's stock.

Wynn Resorts Profile

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.

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