Wynn Resorts, Limited (NASDAQ:WYNN) Stock Position Reduced by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. reduced its stake in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 87.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,420 shares of the casino operator's stock after selling 16,638 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Wynn Resorts were worth $232,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in WYNN. Renaissance Technologies LLC lifted its position in shares of Wynn Resorts by 29.1% in the second quarter. Renaissance Technologies LLC now owns 1,345,100 shares of the casino operator's stock valued at $120,386,000 after acquiring an additional 303,033 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Wynn Resorts by 6,720.4% in the second quarter. Sequoia Financial Advisors LLC now owns 257,537 shares of the casino operator's stock valued at $23,050,000 after acquiring an additional 253,761 shares in the last quarter. Janus Henderson Group PLC lifted its position in Wynn Resorts by 22.2% during the first quarter. Janus Henderson Group PLC now owns 1,125,718 shares of the casino operator's stock worth $115,082,000 after buying an additional 204,852 shares during the period. Regal Partners Ltd lifted its position in Wynn Resorts by 24.0% during the third quarter. Regal Partners Ltd now owns 898,705 shares of the casino operator's stock worth $86,168,000 after buying an additional 174,005 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Wynn Resorts during the second quarter worth about $13,590,000. 68.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on WYNN. Morgan Stanley increased their target price on Wynn Resorts from $112.00 to $115.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 22nd. StockNews.com downgraded Wynn Resorts from a "buy" rating to a "hold" rating in a research report on Tuesday, September 17th. Deutsche Bank Aktiengesellschaft reduced their target price on Wynn Resorts from $122.00 to $118.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Wells Fargo & Company reduced their target price on Wynn Resorts from $125.00 to $122.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 5th. Finally, Macquarie restated an "outperform" rating and set a $120.00 price target on shares of Wynn Resorts in a research note on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Wynn Resorts has a consensus rating of "Moderate Buy" and an average price target of $115.71.

Insider Activity at Wynn Resorts

In related news, Director Patricia Mulroy sold 2,650 shares of the stock in a transaction dated Monday, September 16th. The stock was 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 owns 5,689 shares of the company's stock, valued at approximately $447,894.97. This represents a 31.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.52% of the stock is currently owned by company insiders.

Wynn Resorts Stock Performance

Shares of WYNN stock traded down $1.59 during trading hours on Tuesday, reaching $91.86. The company had a trading volume of 1,806,169 shares, compared to its average volume of 2,222,795. Wynn Resorts, Limited has a twelve month low of $71.63 and a twelve month high of $110.38. The company has a market capitalization of $10.09 billion, a P/E ratio of 11.33, a price-to-earnings-growth ratio of 3.28 and a beta of 1.80. The stock's fifty day simple moving average is $93.88 and its 200 day simple moving average is $87.99.

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 net margin of 13.37% and a negative return on equity of 61.16%. The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the business posted $0.99 EPS. Wynn Resorts's quarterly revenue was up 1.3% compared to the same quarter last year. As a group, equities analysts expect that Wynn Resorts, Limited will post 4.87 earnings per share for the current year.

Wynn Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Friday, November 15th. Wynn Resorts's dividend payout ratio is currently 12.33%.

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.