<div id="readability-page-1"><p>Caption Management LLC purchased a new stake in shares of  Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 44,250 shares of the casino operator's stock, valued at approximately $5,676,000.</p><ul><li>Wynn Resorts: 6 Reasons to Ante Up for the Stock </li></ul><p>A number of other hedge funds have also modified their holdings of the company. Capital World Investors boosted its position in  Wynn Resorts by 0.7% in the third quarter. Capital World Investors now owns 9,481,183 shares of the casino operator's stock valued at $1,216,151,000 after buying an additional 69,793 shares during the last quarter.  Bamco Inc. NY raised its position in  Wynn Resorts by 56.5% during the 2nd quarter. Bamco Inc. NY now owns 1,337,236 shares of the casino operator's stock worth $125,259,000 after buying an additional 482,570 shares during the last quarter.  Norges Bank purchased a new position in  Wynn Resorts during the 2nd quarter worth approximately $106,289,000.  Palidye Holdings Caymans Ltd acquired a new stake in  Wynn Resorts during the 2nd quarter valued at approximately $104,629,000.  Finally, Raymond James Financial Inc. boosted its holdings in shares of  Wynn Resorts by 6.5% in the 2nd quarter. Raymond James Financial Inc. now owns 1,056,019 shares of the casino operator's stock valued at $98,917,000 after acquiring an additional 63,997 shares during the last quarter. 88.64% of the stock is owned by institutional investors and hedge funds. </p><h2>Wynn Resorts Price Performance</h2><p>NASDAQ:WYNN opened at $100.43 on Friday. The company has a 50 day moving average price of $111.41 and a 200-day moving average price of $119.67. Wynn Resorts, Limited has a 1-year low of $65.25 and a 1-year high of $134.72. The firm has a market cap of $10.47 billion, a price-to-earnings ratio of 33.48, a price-to-earnings-growth ratio of 11.78 and a beta of 1.01. </p><ul><li>MGM Resorts Stock: Poised for Hospitality Industry Rebound</li></ul><p>Wynn Resorts (NASDAQ:WYNN - Get Free Report) last announced its quarterly earnings results on Thursday, February 12th. The casino operator reported $1.17 earnings per share (EPS) 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 analysts' expectations of $1.85 billion. Wynn Resorts had a negative return on equity of 39.05% and a net margin of 4.59%.The business's quarterly revenue was up 1.5% on a year-over-year basis. During the same period last year, the company posted $2.42 earnings per share.  On average, sell-side analysts anticipate that  Wynn Resorts, Limited will post 5.17 earnings per share for the current fiscal year. </p><h2>Wynn Resorts Dividend Announcement</h2><p>The company also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, February 23rd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, February 23rd. Wynn Resorts's dividend payout ratio  is presently 33.33%. </p><h2>Analyst Upgrades and Downgrades</h2><ul><li>How to Invest in Casino Stocks: Pros and Cons and More</li></ul><p>A number of analysts have recently weighed in on WYNN shares. UBS Group  reiterated a &#34;buy&#34; rating on shares of Wynn Resorts in a research note on Monday, February 23rd. Weiss Ratings  restated a &#34;hold (c+)&#34; rating on shares of Wynn Resorts in a research report on Monday, December 29th. Susquehanna  reaffirmed a &#34;positive&#34; rating and issued a $133.00 price target on shares of Wynn Resorts in a report on Thursday, February 12th. The Goldman Sachs Group  reaffirmed a &#34;buy&#34; rating and set a $148.00 price target on shares of Wynn Resorts in a research report on Monday, December 15th. Finally, Texas Capital upgraded Wynn Resorts to a &#34;strong-buy&#34; rating in a research note on Thursday, January 8th. One equities research analyst  has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have issued  a Hold rating to the stock. Based on data from MarketBeat, Wynn Resorts currently has an average rating of &#34;Moderate Buy&#34; and an average target price of $138.87.</p><p><b>Check Out Our Latest Stock Report on WYNN</b></p><h2>Wynn Resorts Profile</h2> (Free Report)<p>Wynn Resorts, Limited <span>NASDAQ: WYNN<span></span></span> 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.  </p><p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Wynn Resorts</li><li>A personal warning from Martin Weiss (Please read)</li><li>SpaceX IPO Confirmed: Claim Your Stake Today</li><li>Iran isn't the real war</li><li>This coin has everything going for it</li><li>Only 500 people today…</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9V1lOTg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9V1lOTg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Wynn Resorts Right Now?</h2><p>Before you consider Wynn Resorts, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wynn Resorts wasn't on the list.</p><p>While Wynn Resorts currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Caption Management LLC has invested $5.68 million in Wynn Resorts, acquiring 44,250 shares during Q3. Other hedge funds have also increased their stakes in the company. Wynn Resorts has a market cap of $10.47 billion, with a recent stock price of $100.43. The company reported earnings of $1.17 per share, missing estimates, and announced a quarterly dividend of $0.25 per share. Analysts generally maintain a positive outlook on the stock, with an average target price of $138.87.</p>

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Caption Management LLC Makes New $5.68 Million Investment in Wynn Resorts, Limited $WYNN