Bamco Inc. NY Has $9.83 Million Stock Holdings in Wynn Resorts, Limited (NASDAQ:WYNN)

Bamco Inc. NY decreased its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 86.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 102,516 shares of the casino operator's stock after selling 633,296 shares during the quarter. Bamco Inc. NY owned 0.09% of Wynn Resorts worth $9,829,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Fifth Third Bancorp grew its position in Wynn Resorts by 8.5% in the second quarter. Fifth Third Bancorp now owns 1,536 shares of the casino operator's stock valued at $137,000 after acquiring an additional 120 shares during the period. Allworth Financial LP grew its holdings in shares of Wynn Resorts by 17.5% in the 3rd quarter. Allworth Financial LP now owns 895 shares of the casino operator's stock worth $86,000 after purchasing an additional 133 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in Wynn Resorts by 2.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,540 shares of the casino operator's stock valued at $496,000 after purchasing an additional 149 shares during the last quarter. GAMMA Investing LLC boosted its position in Wynn Resorts by 25.1% in the second quarter. GAMMA Investing LLC now owns 828 shares of the casino operator's stock valued at $74,000 after buying an additional 166 shares in the last quarter. Finally, Prospera Financial Services Inc grew its stake in Wynn Resorts by 4.1% during the third quarter. Prospera Financial Services Inc now owns 4,616 shares of the casino operator's stock worth $443,000 after buying an additional 181 shares during the last quarter. Institutional investors own 68.87% of the company's stock.

Insider Buying and Selling at Wynn Resorts

In other news, Director Patricia Mulroy sold 2,650 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $78.73, for a total transaction of $208,634.50. Following the completion of the transaction, the director now directly owns 5,689 shares in the company, valued at $447,894.97. This represents a 31.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.52% of the company's stock.

Wynn Resorts Stock Down 2.7 %

Wynn Resorts stock traded down $2.58 during mid-day trading on Tuesday, hitting $93.58. 1,073,539 shares of the company's stock were exchanged, compared to its average volume of 2,213,515. Wynn Resorts, Limited has a fifty-two week low of $71.63 and a fifty-two week high of $110.38. The firm has a market capitalization of $10.28 billion, a P/E ratio of 11.57, a PEG ratio of 3.46 and a beta of 1.78. The company's 50 day simple moving average is $95.22 and its 200-day simple moving average is $87.84.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last posted its earnings results on Monday, November 4th. The casino operator reported $0.90 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.01 by ($0.11). Wynn Resorts had a negative return on equity of 61.16% and a net margin of 13.37%. The business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the previous year, the company posted $0.99 earnings per share. Wynn Resorts's revenue for the quarter was up 1.3% compared to the same quarter last year. Research analysts expect that Wynn Resorts, Limited will post 4.78 EPS for the current year.

Wynn Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date was Friday, November 15th. Wynn Resorts's dividend payout ratio (DPR) is presently 12.33%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Morgan Stanley lifted their target price on shares of Wynn Resorts from $112.00 to $115.00 and gave the company an "overweight" rating in a research note on Tuesday, October 22nd. Wells Fargo & Company reduced their price objective on Wynn Resorts from $125.00 to $122.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 5th. JPMorgan Chase & Co. boosted their target price on shares of Wynn Resorts from $101.00 to $113.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. Susquehanna raised their price target on shares of Wynn Resorts from $92.00 to $122.00 and gave the company a "positive" rating in a report on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Wynn Resorts from $122.00 to $118.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $115.71.

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.