Wynn Resorts, Limited (NASDAQ:WYNN) Shares Sold by Man Group plc

Man Group plc cut its holdings in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 63.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 190,626 shares of the casino operator's stock after selling 332,459 shares during the quarter. Man Group plc owned about 0.17% of Wynn Resorts worth $16,424,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Wynn Resorts by 18.4% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,125,668 shares of the casino operator's stock valued at $269,308,000 after buying an additional 485,204 shares during the last quarter. Geode Capital Management LLC boosted its stake in Wynn Resorts by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 2,433,052 shares of the casino operator's stock valued at $209,120,000 after purchasing an additional 26,792 shares during the period. Jefferies Financial Group Inc. grew its stake in shares of Wynn Resorts by 9.0% in the fourth quarter. Jefferies Financial Group Inc. now owns 1,683,600 shares of the casino operator's stock valued at $145,059,000 after acquiring an additional 139,270 shares in the last quarter. Renaissance Technologies LLC raised its stake in Wynn Resorts by 16.4% in the 4th quarter. Renaissance Technologies LLC now owns 1,616,756 shares of the casino operator's stock worth $139,300,000 after purchasing an additional 228,000 shares in the last quarter. Finally, Norges Bank bought a new stake in Wynn Resorts in the 4th quarter valued at about $117,352,000. Institutional investors own 88.64% of the company's stock.

Insiders Place Their Bets

In other news, major shareholder Tilman J. Fertitta acquired 11,475 shares of the business's stock in a transaction dated Monday, March 24th. The shares were purchased at an average price of $84.93 per share, with a total value of $974,571.75. Following the transaction, the insider now directly owns 12,600,000 shares in the company, valued at approximately $1,070,118,000. This represents a 0.09% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have bought 416,500 shares of company stock worth $29,254,547 in the last ninety days. 0.52% of the stock is owned by company insiders.

Wynn Resorts Stock Down 2.9%

NASDAQ:WYNN traded down $2.78 on Tuesday, hitting $93.77. The stock had a trading volume of 2,068,653 shares, compared to its average volume of 2,532,262. Wynn Resorts, Limited has a 52-week low of $65.25 and a 52-week high of $107.81. The stock has a market cap of $9.80 billion, a price-to-earnings ratio of 22.27, a price-to-earnings-growth ratio of 2.35 and a beta of 1.33. The business's 50-day simple moving average is $81.89 and its two-hundred day simple moving average is $85.73.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last released its quarterly earnings data 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). The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.74 billion. Wynn Resorts had a negative return on equity of 71.17% and a net margin of 7.03%. The business's revenue was down 8.7% on a year-over-year basis. During the same period last year, the company earned $1.59 EPS. As a group, equities research analysts anticipate that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Dividend Announcement

The business 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 1.07%. The ex-dividend date of this dividend is Friday, May 16th. Wynn Resorts's dividend payout ratio (DPR) is presently 27.78%.

Wall Street Analyst Weigh In

WYNN has been the topic of several recent research reports. Stifel Nicolaus set a $113.00 target price on shares of Wynn Resorts in a report on Wednesday, May 7th. Morgan Stanley decreased their price objective on shares of Wynn Resorts from $105.00 to $103.00 and set an "overweight" rating on the stock in a research note on Monday, February 24th. Mizuho cut their target price on Wynn Resorts from $132.00 to $122.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th. StockNews.com lowered Wynn Resorts from a "buy" rating to a "hold" rating in a research note on Wednesday, March 12th. Finally, Jefferies Financial Group upgraded Wynn Resorts from a "hold" rating to a "buy" rating and upped their price objective for the stock from $105.00 to $118.00 in a research report on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Wynn Resorts presently has a consensus rating of "Moderate Buy" and a consensus price target of $112.92.

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.