Sustainable Insight Capital Management LLC Acquires New Shares in Wynn Resorts, Limited $WYNN

Sustainable Insight Capital Management LLC bought a new stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 29,300 shares of the casino operator’s stock, valued at approximately $3,526,000. Wynn Resorts comprises 1.2% of Sustainable Insight Capital Management LLC’s investment portfolio, making the stock its 27th largest holding.

Several other institutional investors have also added to or reduced their stakes in the business. Xponance LLC raised its position in Wynn Resorts by 6.8% in the 4th quarter. Xponance LLC now owns 6,249 shares of the casino operator’s stock worth $752,000 after buying an additional 398 shares during the last quarter. Scholtz & Company LLC raised its position in Wynn Resorts by 63.4% in the 4th quarter. Scholtz & Company LLC now owns 36,838 shares of the casino operator’s stock worth $4,433,000 after buying an additional 14,294 shares during the last quarter. Picton Mahoney Asset Management raised its position in Wynn Resorts by 17.1% in the 4th quarter. Picton Mahoney Asset Management now owns 14,280 shares of the casino operator’s stock worth $1,718,000 after buying an additional 2,090 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in Wynn Resorts by 9.5% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,680,631 shares of the casino operator’s stock worth $442,890,000 after buying an additional 320,502 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in Wynn Resorts in the 4th quarter worth about $86,000. 88.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on WYNN shares. Bank of America decreased their target price on Wynn Resorts from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Mizuho decreased their target price on Wynn Resorts from $134.00 to $133.00 and set an “outperform” rating for the company in a research report on Tuesday, May 12th. UBS Group reaffirmed a “buy” rating on shares of Wynn Resorts in a research report on Monday, February 23rd. Barclays reduced their price target on shares of Wynn Resorts from $143.00 to $139.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. Finally, Jefferies Financial Group reduced their price target on shares of Wynn Resorts from $161.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Wynn Resorts presently has an average rating of “Moderate Buy” and a consensus price target of $140.00.

Wynn Resorts Stock Up 2.4%

NASDAQ WYNN opened at $107.75 on Friday. Wynn Resorts, Limited has a 52 week low of $83.45 and a 52 week high of $134.72. The firm has a market capitalization of $11.18 billion, a P/E ratio of 32.16, a PEG ratio of 0.98 and a beta of 0.98. The company has a 50-day moving average price of $103.05 and a 200-day moving average price of $110.59.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings results on Thursday, May 7th. The casino operator reported $1.25 EPS for the quarter, beating the consensus estimate of $1.18 by $0.07. Wynn Resorts had a net margin of 5.14% and a negative return on equity of 42.03%. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the prior year, the firm earned $1.07 EPS. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Wynn Resorts, Limited will post 4.61 EPS for the current year.

Wynn Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, May 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.9%. Wynn Resorts’s payout ratio is 29.85%.

Wynn Resorts Company Profile

Wynn Resorts, Limited (NASDAQ: WYNN) is a global developer and operator of luxury resorts and casinos, renowned for its premium hospitality offerings and integrated entertainment experiences. The company specializes in high-end hotel accommodations, gaming operations, fine dining restaurants, retail outlets, meeting and convention spaces, and live entertainment venues. Its properties are designed to cater to both leisure and business travelers seeking upscale environments and world-class service.

Founded in 2002 by hospitality entrepreneur Steve Wynn, the company opened its flagship property, Wynn Las Vegas, on the Las Vegas Strip in 2005, followed by Encore Las Vegas in 2008.