Westfield Capital Management Co. LP Takes Position in Wynn Resorts, Limited $WYNN

Westfield Capital Management Co. LP bought a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 573,694 shares of the casino operator’s stock, valued at approximately $73,588,000. Westfield Capital Management Co. LP owned about 0.55% of Wynn Resorts at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in WYNN. Norges Bank bought a new stake in Wynn Resorts during the 2nd quarter worth about $106,289,000. Palidye Holdings Caymans Ltd acquired a new stake in shares of Wynn Resorts in the second quarter valued at about $104,629,000. Thrivent Financial for Lutherans increased its position in shares of Wynn Resorts by 6,391.3% in 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 during the last quarter. Greenwich Wealth Management LLC bought a new stake in Wynn Resorts during the second quarter worth about $46,845,000. Finally, Bamco Inc. NY boosted its position in Wynn Resorts by 56.5% during the second quarter. Bamco Inc. NY now owns 1,337,236 shares of the casino operator’s stock valued at $125,259,000 after purchasing an additional 482,570 shares during the last quarter. Institutional investors own 88.64% of the company’s stock.

Wynn Resorts Stock Down 1.8%

Shares of NASDAQ:WYNN opened at $107.45 on Thursday. Wynn Resorts, Limited has a 12-month low of $65.25 and a 12-month high of $134.72. The business has a 50 day moving average of $116.34 and a 200-day moving average of $120.45. The stock has a market cap of $11.17 billion, a PE ratio of 35.82, a P/E/G ratio of 12.94 and a beta of 1.06.

Wynn Resorts (NASDAQ:WYNN) last announced its earnings results on Thursday, February 12th. The casino operator reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.16). The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.85 billion. Wynn Resorts had a negative return on equity of 38.04% and a net margin of 4.59%.Wynn Resorts’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the business posted $2.42 EPS. Equities research analysts expect that Wynn Resorts, Limited will post 5.17 earnings per share for the current year.

Wynn Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Monday, February 23rd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, February 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.9%. Wynn Resorts’s dividend payout ratio (DPR) is currently 33.33%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Barclays raised their price target on Wynn Resorts from $141.00 to $143.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Stifel Nicolaus decreased their target price on shares of Wynn Resorts from $160.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, February 13th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $148.00 price target on shares of Wynn Resorts in a research report on Monday, December 15th. Macquarie Infrastructure reiterated an “outperform” rating and issued a $143.00 price target on shares of Wynn Resorts in a research note on Monday, December 8th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Wynn Resorts in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $138.87.

Wynn Resorts News Summary

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

• Positive Sentiment: Morgan Stanley keeps an Overweight rating and set a $136 price target, signaling analyst confidence in WYNN’s medium‑term recovery despite near‑term noise. Wynn Resorts (NASDAQ:WYNN) Given New $136.00 Price Target at Morgan Stanley
• Positive Sentiment: UBS trimmed its price target slightly to $146 from $148 but maintained a Buy rating, noting the company’s transition toward free‑cash‑flow generation (Al Marjan opening expected to boost diversified cash flow). Wynn Resorts price target lowered to $146 from $148 at UBS
• Neutral Sentiment: Wynn Al Marjan Island was added to Preferred Hotels & Resorts’ Legend Collection, supporting long‑term hospitality and geographic diversification plans (positive for future cash flow). Preferred Hotels & Resorts Welcomes Wynn Al Marjan Island to its Esteemed Legend Collection
• Negative Sentiment: Wynn confirmed a cyberattack (linked to the ShinyHunters group) that reportedly exposed sensitive data for more than 800,000 current and former employees; attackers demanded about $1.5M ransom — a major operational and reputational risk. Wynn Resorts Cyberattack And Lawsuit Put Cybersecurity And Valuation In Focus
• Negative Sentiment: Federal litigation followed quickly: two federal lawsuits and at least one class action allege inadequate safeguards and response, increasing potential legal costs and settlement risk. Cyberattack prompts two federal lawsuits against Wynn Resorts
• Negative Sentiment: Reporting highlights management’s public statements that attackers said they deleted the stolen data — coverage that raises governance and disclosure concerns and may hurt investor confidence. Wynn Resorts takes attacker’s word for it that stolen staff data was deleted
• Negative Sentiment: Wynn confirmed the breach publicly and said it has engaged external cybersecurity experts and is investigating, but the immediate earnings impact is uncertain and regulatory, remediation, and litigation costs could pressure near‑term margins. Wynn Resorts says hackers acquired employee data

About Wynn Resorts

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.