Black Diamond Capital Management L.L.C. increased its stake in Wynn Resorts, Limited (NASDAQ:WYNN) by 10.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 107,012 shares of the casino operator's stock after buying an additional 10,000 shares during the period. Wynn Resorts makes up approximately 5.0% of Black Diamond Capital Management L.L.C.'s holdings, making the stock its 8th largest holding. Black Diamond Capital Management L.L.C. owned approximately 0.10% of Wynn Resorts worth $9,220,000 at the end of the most recent reporting period.\n\nA number of other large investors have also recently made changes to their positions in the company. Schonfeld Strategic Advisors LLC raised its holdings in shares of Wynn Resorts by 370.5% in the 4th quarter, now owning 39,959 shares valued at $3,443,000. Candlestick Capital Management LP acquired a new position in Wynn Resorts during the 4th quarter valued at approximately $32,834,000. Northern Trust Corp lifted its stake in shares of Wynn Resorts by 6.5% during the fourth quarter, now owning 821,684 shares worth $70,796,000. III Capital Management grew its holdings by 129.7%, now owning 55,000 shares valued at $4,739,000. Quarry LP acquired a new position in shares of Wynn Resorts in the 4th quarter valued at $339,000.\n\n88.64% of the stock is owned by hedge funds and other institutional investors. Insider Transactions at Wynn Resorts: Director Philip G. Satre acquired 22,200 shares at $92.18 per share, for a total of $2,046,396. Major shareholder Tilman J. Fertitta bought 300,000 shares at $70.37 per share, for a total of $21,111,000. In the last three months, insiders bought 438,700 shares valued at $31,300,943. Insiders own 0.52% of the company's stock.\n\nWynn Resorts Price Performance: Shares opened at $82.20 on Tuesday. The company has a 1-year low of $65.25 and a 1-year high of $107.81. The 50-day simple moving average is $81.86, and the 200-day simple moving average is $86.73. The market capitalization is $8.73 billion, with a P/E ratio of 19.52, a P/E/G ratio of 2.35, and a beta of 1.53. Wynn Resorts reported $2.42 EPS for the quarter, beating analysts' consensus estimates of $1.27 by $1.15. Revenue was $1.84 billion, compared to expectations of $1.78 billion. The company had a negative return on equity of 71.17% and a net margin of 7.03%. Analysts expect 5.17 EPS for the current year.\n\nWynn Resorts announced a quarterly dividend of $0.25, paid on March 5th, with a $1.00 annualized dividend and a yield of 1.22%. The ex-dividend date was February 24th. The dividend payout ratio is 23.75%.\n\nWall Street Analysts: Stifel Nicolaus raised their target price from $123.00 to $128.00 with a \"buy\" rating. Macquarie reaffirmed an \"outperform\" rating with a $115.00 price objective. Mizuho increased their target from $118.00 to $132.00 with an \"outperform\" rating. Jefferies Financial Group raised the rating from \"hold\" to \"buy\" and increased the target price from $105.00 to $118.00. Argus downgraded Wynn Resorts from \"buy\" to \"hold\". The stock has a consensus rating of \"Moderate Buy\" and a target price of $118.17.

Black Diamond Capital Management L.L.C. Increases Stake in Wynn Resorts, Limited (NASDAQ:WYNN)

Black Diamond Capital Management L.L.C. increased its stake in Wynn Resorts, Limited (NASDAQ:WYNN) by 10.3% during the 4th quarter, now holding 107,012 shares valued at $9.22 million. Other institutional investors also adjusted their positions, while insiders executed significant share purchases. Wynn Resorts reported strong quarterly earnings and received analyst upgrades, with a market cap of $8.73 billion.