Janus Henderson Group PLC Purchases 204,852 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Janus Henderson Group PLC boosted its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 22.2% during the first quarter, HoldingsChannel reports. The fund owned 1,125,718 shares of the casino operator’s stock after buying an additional 204,852 shares during the quarter. Janus Henderson Group PLC’s holdings in Wynn Resorts were worth $115,082,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Wynn Resorts by 1.5% in the first quarter. Vanguard Group Inc. now owns 11,028,618 shares of the casino operator’s stock valued at $1,127,456,000 after purchasing an additional 166,594 shares during the period. Fisher Asset Management LLC lifted its position in shares of Wynn Resorts by 0.5% during the fourth quarter. Fisher Asset Management LLC now owns 3,931,323 shares of the casino operator’s stock worth $358,183,000 after acquiring an additional 20,091 shares in the last quarter. Norges Bank bought a new position in shares of Wynn Resorts in the fourth quarter worth $157,305,000. Bamco Inc. NY grew its position in shares of Wynn Resorts by 5.1% in the first quarter. Bamco Inc. NY now owns 788,335 shares of the casino operator’s stock valued at $80,591,000 after purchasing an additional 38,160 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Wynn Resorts by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 777,178 shares of the casino operator’s stock valued at $70,809,000 after purchasing an additional 2,930 shares during the period. Institutional investors own 68.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Wells Fargo & Company cut their target price on Wynn Resorts from $128.00 to $126.00 and set an “overweight” rating for the company in a research note on Tuesday, July 2nd. Argus raised shares of Wynn Resorts from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a report on Thursday, May 23rd. Macquarie lowered their target price on shares of Wynn Resorts from $128.00 to $126.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 9th. Barclays boosted their price target on shares of Wynn Resorts from $124.00 to $128.00 and gave the company an “overweight” rating in a research report on Thursday, May 9th. Finally, Citigroup increased their price objective on Wynn Resorts from $132.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $119.53.

Insider Activity

In related news, Director Betsy S. Atkins sold 2,446 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $94.39, for a total transaction of $230,877.94. Following the transaction, the director now directly owns 9,226 shares in the company, valued at approximately $870,842.14. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.52% of the stock is currently owned by corporate insiders.

Wynn Resorts Price Performance

NASDAQ WYNN traded up $0.62 on Wednesday, reaching $83.13. 466,658 shares of the company’s stock traded hands, compared to its average volume of 1,791,646. The stock has a market cap of $9.32 billion, a PE ratio of 11.30 and a beta of 1.82. Wynn Resorts, Limited has a 12 month low of $80.02 and a 12 month high of $110.38. The stock has a 50-day simple moving average of $88.44 and a 200 day simple moving average of $95.72.

Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Tuesday, May 7th. The casino operator reported $1.59 EPS for the quarter, beating the consensus estimate of $1.43 by $0.16. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.80 billion. Wynn Resorts had a net margin of 12.36% and a negative return on equity of 46.04%. The firm’s quarterly revenue was up 30.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.29 EPS. As a group, analysts anticipate that Wynn Resorts, Limited will post 5.62 EPS for the current year.

Wynn Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Monday, May 20th were issued a $0.25 dividend. The ex-dividend date was Friday, May 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.20%. Wynn Resorts’s dividend payout ratio is currently 13.70%.

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.