Janus Henderson Group PLC Sells 165,706 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Janus Henderson Group PLC decreased its stake in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 15.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 902,880 shares of the casino operator's stock after selling 165,706 shares during the period. Janus Henderson Group PLC owned approximately 0.82% of Wynn Resorts worth $86,568,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fifth Third Bancorp boosted its stake 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 last quarter. Allworth Financial LP boosted its holdings in Wynn Resorts by 17.5% during the third 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 increased its stake in Wynn Resorts by 2.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,540 shares of the casino operator's stock valued at $496,000 after buying an additional 149 shares during the last quarter. GAMMA Investing LLC lifted its position in Wynn Resorts by 25.1% during the 2nd quarter. GAMMA Investing LLC now owns 828 shares of the casino operator's stock worth $74,000 after buying an additional 166 shares in the last quarter. Finally, Prospera Financial Services Inc grew its stake in shares of Wynn Resorts by 4.1% in the third quarter. Prospera Financial Services Inc now owns 4,616 shares of the casino operator's stock valued at $443,000 after buying an additional 181 shares in the last quarter. Institutional investors and hedge funds own 68.87% of the company's stock.

Wall Street Analyst Weigh In

WYNN has been the topic of several research analyst reports. Susquehanna increased 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. Macquarie reaffirmed an "outperform" rating and set a $120.00 price target on shares of Wynn Resorts in a report on Tuesday, November 5th. Barclays reduced their price target on Wynn Resorts from $125.00 to $119.00 and set an "overweight" rating on the stock in a report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price objective on Wynn Resorts from $101.00 to $113.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. Finally, UBS Group raised Wynn Resorts to a "hold" rating in a research note on Friday, August 23rd. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $115.71.

Insider Activity at Wynn Resorts

In other Wynn Resorts news, Director Patricia Mulroy sold 2,650 shares of the company's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $78.73, for a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.52% of the stock is currently owned by company insiders.

Wynn Resorts Stock Performance

Shares of WYNN traded down $0.39 during mid-day trading on Thursday, hitting $94.40. 1,295,414 shares of the company traded hands, compared to its average volume of 2,217,747. The stock has a 50-day moving average price of $95.62 and a two-hundred day moving average price of $87.87. Wynn Resorts, Limited has a 1 year low of $71.63 and a 1 year high of $110.38. The stock has a market cap of $10.37 billion, a price-to-earnings ratio of 11.69, a P/E/G ratio of 3.44 and a beta of 1.78.

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

Wynn Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 1.06%. Wynn Resorts's dividend payout ratio (DPR) is 12.33%.

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.