Long Focus Capital Management LLC Raises Position in Wynn Resorts, Limited (NASDAQ:WYNN)

Long Focus Capital Management LLC raised its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 163,000 shares of the casino operator's stock after buying an additional 6,000 shares during the period. Long Focus Capital Management LLC owned about 0.15% of Wynn Resorts worth $14,044,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Wynn Resorts by 18.4% during 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 acquiring an additional 485,204 shares during the period. Geode Capital Management LLC lifted its position in Wynn Resorts by 1.1% in the fourth 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 last quarter. Renaissance Technologies LLC grew its holdings in shares of Wynn Resorts by 16.4% in the fourth 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 during the last quarter. Norges Bank purchased a new position in shares of Wynn Resorts in the fourth quarter worth $117,352,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Wynn Resorts by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 952,442 shares of the casino operator's stock valued at $82,062,000 after buying an additional 5,032 shares during the last quarter. 88.64% of the stock is owned by institutional investors.

Wynn Resorts Trading Up 2.7 %

Wynn Resorts stock opened at $76.97 on Wednesday. The company has a market capitalization of $8.17 billion, a price-to-earnings ratio of 18.28, a price-to-earnings-growth ratio of 2.35 and a beta of 1.53. Wynn Resorts, Limited has a 12 month low of $65.25 and a 12 month high of $107.81. The business's fifty day simple moving average is $82.58 and its two-hundred day simple moving average is $87.49.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The casino operator reported $2.42 EPS for the quarter, topping the consensus estimate of $1.27 by $1.15. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.78 billion. Wynn Resorts had a negative return on equity of 71.17% and a net margin of 7.03%. On average, equities research analysts predict that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Monday, February 24th. Wynn Resorts's payout ratio is currently 23.75%.

Wall Street Analysts Forecast Growth

WYNN has been the topic of a number of analyst reports. 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 report on Monday, February 24th. Barclays cut their price objective on Wynn Resorts from $116.00 to $99.00 and set an "overweight" rating on the stock in a research report on Tuesday. StockNews.com downgraded Wynn Resorts from a "buy" rating to a "hold" rating in a report on Wednesday, March 12th. Macquarie reissued an "outperform" rating and set a $115.00 price objective on shares of Wynn Resorts in a research report on Friday, February 14th. Finally, Stifel Nicolaus raised their target price on shares of Wynn Resorts from $123.00 to $128.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Wynn Resorts has an average rating of "Moderate Buy" and an average target price of $118.17.

Insider Activity at Wynn Resorts

In other Wynn Resorts news, Director Philip G. Satre acquired 22,200 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was purchased at an average price of $92.18 per share, with a total value of $2,046,396.00. Following the transaction, the director now directly owns 34,195 shares in the company, valued at approximately $3,152,095.10. The trade was a 185.08 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Tilman J. Fertitta bought 300,000 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The stock was bought at an average cost of $70.37 per share, for a total transaction of $21,111,000.00. Following the completion of the acquisition, the insider now owns 12,900,000 shares in the company, valued at $907,773,000. This trade represents a 2.38 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 438,700 shares of company stock worth $31,300,943. 0.52% of the stock is owned by insiders.

About Wynn Resorts

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.

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