Virtu Financial LLC Invests $946,000 in Wynn Resorts, Limited $WYNN

Virtu Financial LLC acquired a new stake in Wynn Resorts, Limited (NASDAQ:WYNN) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 7,859 shares of the casino operator’s stock, valued at approximately $946,000.

Other large investors also recently modified their holdings of the company. Capital Advisors Ltd. LLC grew its holdings in Wynn Resorts by 433,217.6% during the 4th quarter. Capital Advisors Ltd. LLC now owns 73,664 shares of the casino operator’s stock worth $8,864,000 after acquiring an additional 73,647 shares during the period. Westend Capital Management LLC acquired a new position in shares of Wynn Resorts in the 4th quarter valued at about $12,084,000. Pacer Advisors Inc. lifted its stake in shares of Wynn Resorts by 97.5% in the 4th quarter. Pacer Advisors Inc. now owns 22,415 shares of the casino operator’s stock valued at $2,697,000 after purchasing an additional 11,067 shares during the period. SG Americas Securities LLC boosted its position in shares of Wynn Resorts by 224.1% during the 4th quarter. SG Americas Securities LLC now owns 82,859 shares of the casino operator’s stock valued at $9,970,000 after purchasing an additional 57,293 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of Wynn Resorts by 225.5% during the 4th quarter. Nordea Investment Management AB now owns 353,004 shares of the casino operator’s stock valued at $42,629,000 after purchasing an additional 244,553 shares in the last quarter. 88.64% of the stock is currently owned by institutional investors and hedge funds.

Wynn Resorts Price Performance

Shares of Wynn Resorts stock opened at $105.53 on Monday. Wynn Resorts, Limited has a one year low of $87.11 and a one year high of $134.72. The firm has a market capitalization of $10.95 billion, a price-to-earnings ratio of 31.50, a PEG ratio of 0.98 and a beta of 0.98. The business has a 50-day simple moving average of $103.35 and a 200 day simple moving average of $109.60.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings results on Thursday, May 7th. The casino operator reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.07. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.82 billion. Wynn Resorts had a negative return on equity of 42.03% and a net margin of 5.14%.The company’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.07 earnings per share. On average, sell-side analysts expect that Wynn Resorts, Limited will post 4.61 EPS for the current year.

Wynn Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.00 annualized dividend and a dividend yield of 0.9%. Wynn Resorts’s dividend payout ratio is 29.85%.

Analysts Set New Price Targets

A number of brokerages have weighed in on WYNN. Wells Fargo & Company set a $142.00 target price on Wynn Resorts and gave the stock an “overweight” rating in a report on Sunday, May 10th. UBS Group restated a “buy” rating on shares of Wynn Resorts in a report on Monday, February 23rd. Morgan Stanley reduced their price objective on shares of Wynn Resorts from $136.00 to $133.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. JPMorgan Chase & Co. lowered their price objective on shares of Wynn Resorts from $140.00 to $135.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. Finally, Susquehanna dropped their target price on shares of Wynn Resorts from $133.00 to $127.00 and set a “positive” rating on the stock in a research report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $140.00.

Wynn Resorts Company Profile

Wynn Resorts, Limited (NASDAQ: WYNN) 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.

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.