Landscape Capital Management L.L.C. Reduces Stock Holdings in Wynn Resorts, Limited (NASDAQ:WYNN)

Landscape Capital Management L.L.C. cut its holdings in Wynn Resorts, Limited (NASDAQ:WYNN) by 87.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund 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 reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Renaissance Technologies LLC boosted its stake in Wynn Resorts by 29.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,345,100 shares of the casino operator’s stock worth $120,386,000 after purchasing an additional 303,033 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Wynn Resorts by 22.2% in the 1st quarter. Janus Henderson Group PLC now owns 1,125,718 shares of the casino operator’s stock worth $115,082,000 after purchasing an additional 204,852 shares in the last quarter. Regal Partners Ltd boosted its stake in Wynn Resorts by 24.0% in the 3rd quarter. Regal Partners Ltd now owns 898,705 shares of the casino operator’s stock worth $86,168,000 after purchasing an additional 174,005 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Wynn Resorts by 4.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 568,686 shares of the casino operator’s stock worth $50,897,000 after purchasing an additional 23,314 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in Wynn Resorts by 62.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 418,070 shares of the casino operator’s stock worth $40,085,000 after purchasing an additional 160,533 shares in the last quarter. Institutional investors and hedge funds own 68.87% of the company’s stock.

Wynn Resorts Stock Performance

WYNN stock opened at $93.45 on Tuesday. The firm has a market cap of $10.26 billion, a PE ratio of 11.52, a P/E/G ratio of 3.28 and a beta of 1.80. The firm’s fifty day moving average is $93.88 and its 200 day moving average is $87.99. Wynn Resorts, Limited has a one year low of $71.63 and a one year high of $110.38.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings results on Monday, November 4th. The casino operator reported $0.90 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the business posted $0.99 EPS. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. Research analysts predict that Wynn Resorts, Limited will post 4.87 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be given a $0.25 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 1.07%. Wynn Resorts’s dividend payout ratio (DPR) is 12.33%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Wynn Resorts from $101.00 to $113.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. UBS Group upgraded shares of Wynn Resorts to a “hold” rating in a research note on Friday, August 23rd. Stifel Nicolaus decreased their price objective on shares of Wynn Resorts from $121.00 to $103.00 and set a “buy” rating for the company in a research note on Friday, September 13th. Macquarie reiterated an “outperform” rating and issued a $120.00 price objective on shares of Wynn Resorts in a research note on Tuesday, November 5th. Finally, StockNews.com lowered shares of Wynn Resorts from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $115.71.

Insider Activity

In other news, Director Patricia Mulroy sold 2,650 shares of Wynn Resorts stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $78.73, for a total value of $208,634.50. Following the sale, the director now owns 5,689 shares in the company, valued at $447,894.97. This trade represents a 31.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.52% of the company’s stock.

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.