Janus Henderson Group PLC Has $903,000 Stock Holdings in Wynn Resorts, Limited (NASDAQ:WYNN)

Janus Henderson Group PLC lowered its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 98.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,481 shares of the casino operator's stock after selling 892,399 shares during the quarter. 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 (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC purchased a new position in Wynn Resorts during the 4th quarter worth $26,000. SBI Securities Co. Ltd. purchased a new stake in shares of Wynn Resorts during the fourth quarter worth about $36,000. Spire Wealth Management grew its stake in shares of Wynn Resorts by 116.4% during the fourth quarter. Spire Wealth Management now owns 435 shares of the casino operator's stock worth $37,000 after acquiring an additional 234 shares during the last quarter. Canada Post Corp Registered Pension Plan acquired a new position in shares of Wynn Resorts during the fourth quarter valued at about $45,000. Finally, Venturi Wealth Management LLC raised its position in shares of Wynn Resorts by 15.0% in 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 during the last quarter. Hedge funds and other institutional investors own 88.64% of the company's stock.

Wynn Resorts Price Performance

WYNN stock traded down $0.21 during midday trading on Thursday, hitting $90.73. The stock had a trading volume of 2,208,346 shares, compared to its average volume of 2,538,284. The company's 50-day moving average price is $82.77 and its 200 day moving average price is $85.91. The firm has a market cap of $9.49 billion, a PE ratio of 21.55, a price-to-earnings-growth ratio of 2.35 and a beta of 1.33. Wynn Resorts, Limited has a 12-month low of $65.25 and a 12-month high of $107.81.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The casino operator reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $1.70 billion for the quarter, compared to analysts' expectations of $1.74 billion. During the same period in the prior year, the firm earned $1.59 earnings per share. The firm's quarterly revenue was down 8.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Wynn Resorts, Limited will post 5.17 EPS 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 dividend of $0.25 per share. The ex-dividend date is Friday, May 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.10%. Wynn Resorts's dividend payout ratio is currently 27.78%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wall Street Zen downgraded Wynn Resorts from a "buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Mizuho cut their price objective on Wynn Resorts from $132.00 to $122.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. Argus cut Wynn Resorts from a "buy" rating to a "hold" rating in a research note on Wednesday, April 23rd. Citigroup upgraded Wynn Resorts from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 7th. Finally, Stifel Nicolaus set a $113.00 price target on shares of Wynn Resorts in a report on Wednesday, May 7th. Three 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $113.18.

Insider Transactions at Wynn Resorts

In other news, major shareholder Tilman J. Fertitta acquired 11,475 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was purchased at an average cost of $84.93 per share, with a total value of $974,571.75. Following the completion of the acquisition, the insider now directly owns 12,600,000 shares in the company, valued at $1,070,118,000. This represents a 0.09% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders have bought 416,500 shares of company stock valued at $29,254,547. Corporate insiders own 0.52% of the company's stock.

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.