Janus Henderson Group PLC Sells 892,399 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Janus Henderson Group PLC decreased its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 98.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,481 shares of the casino operator's stock after selling 892,399 shares during the period. Janus Henderson Group PLC's holdings in Wynn Resorts were worth $903,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. New Wave Wealth Advisors LLC acquired a new position in Wynn Resorts during the 4th quarter valued at about $26,000. SBI Securities Co. Ltd. bought a new position in shares of Wynn Resorts during the 4th quarter valued at about $36,000. Spire Wealth Management boosted its position in shares of Wynn Resorts by 116.4% during the 4th quarter. Spire Wealth Management now owns 435 shares of the casino operator's stock valued at $37,000 after purchasing an additional 234 shares in the last quarter. Canada Post Corp Registered Pension Plan bought a new position in shares of Wynn Resorts during the 4th quarter valued at about $45,000. Finally, Venturi Wealth Management LLC boosted its position in shares of Wynn Resorts by 15.0% during the 4th quarter. Venturi Wealth Management LLC now owns 936 shares of the casino operator's stock valued at $81,000 after purchasing an additional 122 shares in the last quarter. Institutional investors and hedge funds own 88.64% of the company's stock.

Insider Transactions at Wynn Resorts

In related news, major shareholder Tilman J. Fertitta bought 5,025 shares of the company's stock in a transaction that occurred on Friday, March 21st. The shares were acquired at an average price of $80.99 per share, with a total value of $406,974.75. Following the completion of the transaction, the insider now owns 10,905,025 shares of the company's stock, valued at $883,197,974.75. The trade was a 0.05% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders bought 416,500 shares of company stock worth $29,254,547. 0.52% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. Macquarie reiterated an "outperform" rating and issued a $115.00 target price on shares of Wynn Resorts in a report on Friday, February 14th. Barclays dropped their target price on shares of Wynn Resorts from $116.00 to $99.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Mizuho dropped their target price on shares of Wynn Resorts from $132.00 to $122.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. Argus downgraded shares of Wynn Resorts from a "buy" rating to a "hold" rating in a research report on Wednesday, April 23rd. Finally, Bank of America raised shares of Wynn Resorts from a "neutral" rating to a "buy" rating and set a $100.00 target price on the stock in a research report on Wednesday, May 7th. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $113.18.

Wynn Resorts Trading Up 1.4%

NASDAQ WYNN traded up $1.29 during trading on Thursday, reaching $92.23. The company's stock had a trading volume of 319,244 shares, compared to its average volume of 2,626,276. The stock has a market capitalization of $9.64 billion, a PE ratio of 21.90, a PEG ratio of 2.35 and a beta of 1.33. The business has a 50-day moving average price of $82.65 and a 200-day moving average price of $85.89. Wynn Resorts, Limited has a 1-year low of $65.25 and a 1-year high of $107.81.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last posted its 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). Wynn Resorts had a net margin of 7.03% and a negative return on equity of 71.17%. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the firm earned $1.59 earnings per share. Wynn Resorts's revenue was down 8.7% compared to the same quarter last year. As a group, analysts expect that Wynn Resorts, Limited will post 5.17 earnings per share for the current year.

Wynn Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Friday, May 16th. Wynn Resorts's payout ratio is 27.78%.

Wynn Resorts Company 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.