Gator Capital Management LLC Invests $1.06 Million in Wynn Resorts, Limited (NASDAQ:WYNN)

Gator Capital Management LLC bought a new stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,300 shares of the casino operator’s stock, valued at approximately $1,062,000.

Other large investors have also made changes to their positions in the company. Aperio Group LLC raised its stake in shares of Wynn Resorts by 0.9% during the fourth quarter. Aperio Group LLC now owns 35,661 shares of the casino operator’s stock valued at $6,012,000 after acquiring an additional 301 shares in the last quarter. Comerica Bank raised its stake in Wynn Resorts by 12.3% in the fourth quarter. Comerica Bank now owns 20,684 shares of the casino operator’s stock worth $4,149,000 after buying an additional 2,270 shares in the last quarter. Summit Securities Group LLC raised its stake in Wynn Resorts by 80.8% in the fourth quarter. Summit Securities Group LLC now owns 9,400 shares of the casino operator’s stock worth $1,585,000 after buying an additional 4,200 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Wynn Resorts by 9.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,646 shares of the casino operator’s stock worth $783,000 after buying an additional 384 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its stake in Wynn Resorts by 15.2% in the fourth quarter. Mutual of America Capital Management LLC now owns 10,272 shares of the casino operator’s stock worth $1,732,000 after buying an additional 1,355 shares in the last quarter. Institutional investors and hedge funds own 72.27% of the company’s stock.

Wynn Resorts, Limited (WYNN) traded down $3.06 during mid-day trading on Friday, reaching $166.22. 5,510,000 shares of the company’s stock were exchanged, compared to its average volume of 5,830,000. The firm has a market cap of $17,080.00, a P/E ratio of 22.86 and a beta of 1.59. The company has a debt-to-equity ratio of 24.54, a quick ratio of 1.68 and a current ratio of 1.72. Wynn Resorts, Limited has a 12 month low of $92.67 and a 12 month high of $203.63.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings results on Monday, January 22nd. The casino operator reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.07. Wynn Resorts had a net margin of 11.85% and a return on equity of 148.17%. The business had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter in the prior year, the company posted $0.50 EPS. The business’s revenue for the quarter was up 29.9% on a year-over-year basis. analysts anticipate that Wynn Resorts, Limited will post 7.62 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Thursday, February 15th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $2.00 annualized dividend and a dividend yield of 1.20%. Wynn Resorts’s dividend payout ratio (DPR) is 27.51%.

WYNN has been the topic of a number of recent analyst reports. Citigroup upped their price target on Wynn Resorts to $161.00 and gave the stock a “buy” rating in a research report on Monday, October 16th. Deutsche Bank set a $161.00 price target on Wynn Resorts and gave the stock a “buy” rating in a research report on Monday, October 16th. Roth Capital started coverage on Wynn Resorts in a research report on Thursday, October 26th. They set a “buy” rating and a $163.00 price target on the stock. Telsey Advisory Group boosted their price objective on shares of Wynn Resorts from $157.00 to $160.00 and gave the company a “market perform” rating in a report on Friday, October 27th. Finally, Stifel Nicolaus boosted their price objective on shares of Wynn Resorts from $134.00 to $153.00 and gave the company a “hold” rating in a report on Friday, October 27th. Eleven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $179.62.

In related news, President Matt Maddox sold 59,260 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $155.12, for a total transaction of $9,192,411.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 13.20% of the company’s stock.

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About Wynn Resorts

Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations.

Institutional Ownership by Quarter for Wynn Resorts (NASDAQ:WYNN)

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