Virtu Financial LLC Acquires Shares of 7,859 Wynn Resorts, Limited $WYNN

Virtu Financial LLC bought a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 7,859 shares of the casino operator’s stock, valued at approximately $946,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WYNN. Hantz Financial Services Inc. grew its holdings in shares of Wynn Resorts by 54.9% in the fourth quarter. Hantz Financial Services Inc. now owns 251 shares of the casino operator’s stock valued at $30,000 after acquiring an additional 89 shares in the last quarter. Horizon Investments LLC lifted its holdings in Wynn Resorts by 6.7% during the fourth quarter. Horizon Investments LLC now owns 1,500 shares of the casino operator’s stock worth $180,000 after acquiring an additional 94 shares during the period. Parallel Advisors LLC lifted its holdings in Wynn Resorts by 21.6% during the third quarter. Parallel Advisors LLC now owns 563 shares of the casino operator’s stock worth $72,000 after acquiring an additional 100 shares during the period. Cromwell Holdings LLC boosted its position in Wynn Resorts by 68.2% in the fourth quarter. Cromwell Holdings LLC now owns 254 shares of the casino operator’s stock worth $31,000 after purchasing an additional 103 shares during the last quarter. Finally, Larson Financial Group LLC grew its stake in Wynn Resorts by 23.5% in the 4th quarter. Larson Financial Group LLC now owns 557 shares of the casino operator’s stock valued at $67,000 after purchasing an additional 106 shares during the period. Hedge funds and other institutional investors own 88.64% of the company’s stock.

Wynn Resorts Price Performance

NASDAQ:WYNN opened at $105.53 on Monday. The business has a fifty day simple moving average of $103.35 and a two-hundred day simple moving average of $109.60. Wynn Resorts, Limited has a 1 year low of $87.11 and a 1 year high of $134.72. The company has a market capitalization of $10.95 billion, a P/E ratio of 31.50, a P/E/G ratio of 0.98 and a beta of 0.98.

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

Wynn Resorts Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WYNN. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $137.00 target price on shares of Wynn Resorts in a research report on Friday, May 8th. Susquehanna cut their price target on shares of Wynn Resorts from $133.00 to $127.00 and set a “positive” rating on the stock in a report on Thursday, April 16th. Jefferies Financial Group reduced their price target on shares of Wynn Resorts from $161.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, April 6th. UBS Group restated a “buy” rating on shares of Wynn Resorts in a report on Monday, February 23rd. Finally, Barclays dropped their target price on shares of Wynn Resorts from $143.00 to $139.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $140.00.

About Wynn Resorts

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.