MassMutual Private Wealth & Trust FSB Sells 5,691 Shares of Wynn Resorts, Limited $WYNN

MassMutual Private Wealth & Trust FSB cut its holdings in Wynn Resorts, Limited (NASDAQ:WYNN) by 35.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,182 shares of the casino operator’s stock after selling 5,691 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Wynn Resorts were worth $1,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in Wynn Resorts in the 2nd quarter worth approximately $106,289,000. Palidye Holdings Caymans Ltd bought a new position in shares of Wynn Resorts during the second quarter valued at approximately $104,629,000. Thrivent Financial for Lutherans raised its holdings in shares of Wynn Resorts by 6,391.3% during the second quarter. Thrivent Financial for Lutherans now owns 748,769 shares of the casino operator’s stock valued at $70,138,000 after acquiring an additional 737,234 shares in the last quarter. Greenwich Wealth Management LLC purchased a new stake in Wynn Resorts in the second quarter worth $46,845,000. Finally, Bamco Inc. NY boosted its holdings in Wynn Resorts by 56.5% in the second quarter. Bamco Inc. NY now owns 1,337,236 shares of the casino operator’s stock valued at $125,259,000 after acquiring an additional 482,570 shares in the last quarter. Hedge funds and other institutional investors own 88.64% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Wynn Resorts in a report on Monday, December 29th. Stifel Nicolaus raised their price objective on shares of Wynn Resorts from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, December 8th. Macquarie reiterated an “outperform” rating and set a $143.00 target price on shares of Wynn Resorts in a report on Monday, December 8th. Barclays increased their target price on Wynn Resorts from $127.00 to $141.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Finally, Zacks Research lowered Wynn Resorts from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $140.69.

Wynn Resorts Stock Performance

WYNN stock opened at $116.37 on Thursday. The firm has a 50 day moving average price of $124.11 and a 200-day moving average price of $118.47. Wynn Resorts, Limited has a 52-week low of $65.25 and a 52-week high of $134.72. The firm has a market capitalization of $12.10 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 14.89 and a beta of 1.08.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings data on Thursday, November 6th. The casino operator reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.23). The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.76 billion. Wynn Resorts had a net margin of 7.09% and a negative return on equity of 54.88%. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the business earned $0.90 EPS. As a group, sell-side analysts forecast that Wynn Resorts, Limited will post 5.17 earnings per share for the current fiscal year.

Wynn Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 17th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, November 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.9%. Wynn Resorts’s dividend payout ratio (DPR) is presently 22.37%.

More Wynn Resorts News

Here are the key news stories impacting Wynn Resorts this week:

• Positive Sentiment: Wynn reached an agreement to build two new hotels near Encore Boston Harbor and support a commuter‑rail stop in Everett — a meaningful capacity expansion for the Boston market that should lift room, F&B and convention revenue over time; the project also increases Wynn’s exposure to Greater Boston demand. Wynn Resorts to Build Two New Hotels Near Boston Encore Boston Harbor to expand with 2 new hotels in Everett Wynn Resorts, Everett reach deal on hotel and commuter rail development
• Neutral Sentiment: The expansion news has broad coverage (local and national outlets), which raises visibility for the Everett project but does not guarantee construction/timeline — investors should watch permitting, financing details and timetable. Wynn, DeMaria strike hotel and commuter-rail deal on Everett mayor’s last day in office
• Neutral Sentiment: Wynn’s Las Vegas/Resort venues are being used for high‑profile events (Samsung at CES), which supports non‑gaming revenue and brand exposure but has limited direct impact on near‑term earnings. Samsung swaps show floor at CES for hall in Wynn resort
• Neutral Sentiment: Analyst/market commentary (Zacks) is highlighting consumer discretionary ideas; if WYNN is featured, that could draw short‑term investor interest but it’s a secondary driver versus company execution and macro leisure demand. Why Investors Need to Take Advantage of These 2 Consumer Discretionary Stocks Now
• Negative Sentiment: The deal was finalized on the outgoing Everett mayor’s last day and has prompted criticism from the incoming mayor and some residents — raising political, permitting and reputational risk that could delay or alter the project and increase near‑term uncertainty. Everett, Wynn Resorts reach last-minute deal as longtime mayor exits Exiting Everett Mayor Strikes Deal With Wynn For Hotels, Commuter Rail Stop

Wynn Resorts 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.