65,000 Shares in Wynn Resorts, Limited (NASDAQ:WYNN) Bought by JAT Capital Mgmt LP

JAT Capital Mgmt LP bought a new stake in Wynn Resorts, Limited (NASDAQ:WYNN) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 65,000 shares of the casino operator’s stock, valued at approximately $6,232,000. Wynn Resorts comprises approximately 1.0% of JAT Capital Mgmt LP’s holdings, making the stock its 22nd largest holding. JAT Capital Mgmt LP owned 0.06% of Wynn Resorts at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in WYNN. International Assets Investment Management LLC acquired a new position in Wynn Resorts during the 2nd quarter worth approximately $25,000. Blue Trust Inc. boosted its position in shares of Wynn Resorts by 556.0% during the 3rd quarter. Blue Trust Inc. now owns 551 shares of the casino operator’s stock worth $49,000 after purchasing an additional 467 shares in the last quarter. Versant Capital Management Inc acquired a new position in shares of Wynn Resorts during the 2nd quarter worth $51,000. GAMMA Investing LLC lifted its stake in shares of 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 purchasing an additional 166 shares during the period. Finally, Allworth Financial LP increased its holdings in Wynn Resorts by 17.5% in the third quarter. Allworth Financial LP now owns 895 shares of the casino operator’s stock valued at $86,000 after buying an additional 133 shares in the last quarter. Institutional investors and hedge funds own 68.87% of the company’s stock.

Insider Activity

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 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 in the company, valued at $447,894.97. This represents a 31.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on WYNN. StockNews.com lowered Wynn Resorts from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th. Morgan Stanley upped their target price on Wynn Resorts from $112.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their price target on Wynn Resorts from $101.00 to $113.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Wells Fargo & Company lowered their price objective on shares of Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Finally, Stifel Nicolaus reduced their price target on shares of Wynn Resorts from $121.00 to $103.00 and set a “buy” rating on the stock in a report on Friday, September 13th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $115.71.

Wynn Resorts Stock Up 3.0 %

Shares of NASDAQ WYNN opened at $94.38 on Friday. The stock has a market capitalization of $10.36 billion, a PE ratio of 11.64, a P/E/G ratio of 3.36 and a beta of 1.80. The firm has a fifty day moving average of $94.60 and a 200-day moving average of $88.01. Wynn Resorts, Limited has a 52-week low of $71.63 and a 52-week high of $110.38.

Wynn Resorts (NASDAQ:WYNN) 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). The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.73 billion. Wynn Resorts had a net margin of 13.37% and a negative return on equity of 61.16%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.99 earnings per share. Equities research analysts expect that Wynn Resorts, Limited will post 4.78 EPS for the current fiscal year.

Wynn Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.06%. The ex-dividend date was Friday, November 15th. Wynn Resorts’s payout ratio 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.