Wynn Resorts Limited (NASDAQ:WYNN) has seen substantial activity from both institutional shareholders and high-profile investors. Despite low stock performance in course of a year, key shareholders including Tilman J. Fertitta increased their stakes significantly, intensifying interest among investors. Ambitious acquisition moves like the purchase of Crown London from Crown Resorts also caught attention. Fertitta's stake has now grown past 10%, signaling a shift in the dynamic for investors. Additionally, other institutional shareholders, such as Resona Asset Management Co. Ltd. and ExodusPoint Capital Management LP, also increased their holdings, indicating a potentially undervalued stock. Despite a $1.4 billion drop in Wynn Resorts' value, large investors remain committed. This commitment is echoed by positive analysis proclaiming Wynn Resorts as one of the top consumer discretionary stocks to buy. Additionally, they reported robust Q4 results underscoring strong performances in Las Vegas and Macau. Wynn Resorts' strategic expansion into the UAE further bolsters its growth prospects. A significant development is the complete financing for Wynn Al Marjan Island project. It remains to be seen if these varied indicators lead to an upturn in the stock's performance.
