Major shareholder, Tilman J. Fertitta, has expanded his position in Wynn Resorts, Ltd., amassing a total share of over 10%, influencing a positive turn for investors. Notable moves have been undertaken by other investment companies, further boosting Wynn Resort's investment profile. Entities such as BIT Capital GmbH, Parametrica Management Ltd, and Royal London Asset Management Ltd have all taken significant positions in the company. The overall shareholder structure of Wynn Resorts is heavily dominated by institutional sharholders accounting for 67% of ownership.
Following robust Q4 results indicating considerable growth in Las Vegas and the nomination of former Pinnacle CEO, Anthony Sanfilippo, to the board, the stock has received a consensus rating of 'Buy' by brokerages. Expansion efforts have been noted through the acquisition of Crown London, indicating a move into the European market, and a UAE development project that promises to boost Wynn Resorts' international profile. Meanwhile, robust Q4 earnings have exceeded previous estimates, bolstered by expansion efforts and a dividend payout of $0.25.
Wynn Resorts Ltd WYNN News Analytics from Fri, 06 Sep 2024 07:00:00 GMT to Sat, 29 Mar 2025 18:22:43 GMT - Rating 7 - Innovation 5 - Information 8 - Rumor -2
