Gamco Investors Trims Stake in Wynn Resorts

Casino operator's stock sees fluctuations as investor interest shifts

Published on Mar. 8, 2026

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Gamco Investors INC. ET AL, a major investment firm, has reduced its holdings in Wynn Resorts, Limited (NASDAQ:WYNN) by 8.6% in the third quarter. The firm now owns 86,677 shares of the casino operator's stock, valued at $11,118,000 at the end of the most recent quarter. The move comes as Wynn Resorts' stock has seen volatility, opening at $101.61 on Friday after trading between a 52-week low of $65.25 and high of $134.72.

Why it matters

Wynn Resorts is a prominent player in the casino and hospitality industry, with a focus on luxury resorts and integrated entertainment experiences. Shifts in major investor holdings can signal changes in market sentiment and influence the company's stock price performance.

The details

According to the 13F filing, Gamco Investors sold 8,105 shares of Wynn Resorts during the third quarter, reducing its total stake to 86,677 shares. The investment firm cited the casino operator's stock price fluctuations as a factor in the decision. Wynn Resorts' stock has seen significant volatility, trading between a 52-week low of $65.25 and a high of $134.72. The company's shares opened at $101.61 on Friday.

  • Gamco Investors reduced its Wynn Resorts holdings in the 3rd quarter of 2026.
  • Wynn Resorts' stock opened at $101.61 on Friday, March 8, 2026.

The players

Gamco Investors INC. ET AL

A major investment firm that has reduced its stake in Wynn Resorts, Limited.

Wynn Resorts, Limited

A global developer and operator of luxury resorts and casinos, known for its premium hospitality offerings and integrated entertainment experiences.

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The takeaway

The fluctuations in Wynn Resorts' stock price and the reduction in Gamco Investors' stake highlight the volatility and shifting investor sentiment in the casino and hospitality industry. These changes can impact the company's performance and future strategic decisions.