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

Janus Henderson Group PLC reduced its position 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 Form 13F filing with the Securities and Exchange Commission. The fund 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 filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Fifth Third Bancorp lifted its stake in shares of Wynn Resorts by 5.8% in the fourth quarter. Fifth Third Bancorp now owns 2,183 shares of the casino operator's stock worth $188,000 after acquiring an additional 119 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of Wynn Resorts by 15.0% in the fourth quarter. Venturi Wealth Management LLC now owns 936 shares of the casino operator's stock worth $81,000 after acquiring an additional 122 shares during the period. BOKF NA lifted its stake in shares of Wynn Resorts by 3.9% in the fourth quarter. BOKF NA now owns 3,557 shares of the casino operator's stock worth $289,000 after acquiring an additional 132 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in shares of Wynn Resorts by 0.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 31,119 shares of the casino operator's stock worth $2,681,000 after acquiring an additional 142 shares during the period. Finally, Metis Global Partners LLC lifted its stake in shares of Wynn Resorts by 5.0% in the fourth quarter. Metis Global Partners LLC now owns 3,197 shares of the casino operator's stock worth $275,000 after acquiring an additional 152 shares during the period. 88.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder Tilman J. Fertitta purchased 11,475 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The stock was acquired at an average price of $84.93 per share, for a total transaction of $974,571.75. Following the completion of the acquisition, the insider now owns 12,600,000 shares of the company's stock, valued at $1,070,118,000. This represents a 0.09% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders purchased 416,500 shares of company stock worth $29,254,547. 0.52% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on WYNN shares. Jefferies Financial Group raised Wynn Resorts from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $105.00 to $118.00 in a research note on Tuesday, February 18th. Wall Street Zen lowered Wynn Resorts from a "buy" rating to a "hold" rating in a research note on Wednesday, March 12th. Mizuho dropped their price target on Wynn Resorts from $132.00 to $122.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. Citigroup raised Wynn Resorts from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 7th. Finally, Morgan Stanley dropped their price target on Wynn Resorts from $105.00 to $103.00 and set an "overweight" rating on the stock in a research note on Monday, February 24th. Three equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $113.18.

Wynn Resorts Price Performance

Shares of NASDAQ:WYNN traded up $2.07 during trading on Tuesday, reaching $92.54. 1,813,444 shares of the stock were exchanged, compared to its average volume of 2,540,547. Wynn Resorts, Limited has a 1-year low of $65.25 and a 1-year high of $107.81. The stock has a fifty day moving average of $82.30 and a two-hundred day moving average of $85.80. The firm has a market cap of $9.68 billion, a price-to-earnings ratio of 21.98, a price-to-earnings-growth ratio of 2.35 and a beta of 1.33.

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

Wynn Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a dividend of $0.25 per share. 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.