Wynn Resorts, Limited (NASDAQ:WYNN) Shares Bought by Virtu Financial LLC

Virtu Financial LLC lifted its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 163.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,141 shares of the casino operator’s stock after buying an additional 19,931 shares during the period. Virtu Financial LLC’s holdings in Wynn Resorts were worth $2,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Empirical Finance LLC raised its position in Wynn Resorts by 3.7% in the 1st quarter. Empirical Finance LLC now owns 3,220 shares of the casino operator’s stock valued at $329,000 after purchasing an additional 114 shares in the last quarter. EntryPoint Capital LLC raised its holdings in Wynn Resorts by 7.2% in the first quarter. EntryPoint Capital LLC now owns 1,738 shares of the casino operator’s stock valued at $178,000 after acquiring an additional 117 shares in the last quarter. Fifth Third Bancorp lifted its stake in Wynn Resorts by 8.5% in the second quarter. Fifth Third Bancorp now owns 1,536 shares of the casino operator’s stock worth $137,000 after acquiring an additional 120 shares during the last quarter. Garde Capital Inc. grew its holdings in Wynn Resorts by 10.1% during the 1st quarter. Garde Capital Inc. now owns 1,737 shares of the casino operator’s stock worth $177,000 after acquiring an additional 160 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Wynn Resorts by 25.1% in the 2nd quarter. GAMMA Investing LLC now owns 828 shares of the casino operator’s stock valued at $74,000 after purchasing an additional 166 shares during the last quarter. 68.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Jefferies Financial Group lowered their target price on shares of Wynn Resorts from $111.00 to $96.00 and set a “hold” rating for the company in a research note on Thursday, July 11th. Wells Fargo & Company lowered their price objective on Wynn Resorts from $126.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, August 7th. Stifel Nicolaus cut their target price on Wynn Resorts from $121.00 to $103.00 and set a “buy” rating on the stock in a research report on Friday. JPMorgan Chase & Co. lowered their price target on Wynn Resorts from $110.00 to $101.00 and set an “overweight” rating for the company in a report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Wynn Resorts from $131.00 to $122.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $113.73.

Wynn Resorts Stock Performance

Shares of NASDAQ:WYNN opened at $78.95 on Tuesday. The stock has a market capitalization of $8.76 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 1.93 and a beta of 1.80. Wynn Resorts, Limited has a one year low of $71.63 and a one year high of $110.38. The company has a 50-day simple moving average of $78.74 and a 200-day simple moving average of $90.17.

Wynn Resorts (NASDAQ:WYNN) last announced its earnings results on Tuesday, August 6th. The casino operator reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.02). Wynn Resorts had a net margin of 12.22% and a negative return on equity of 53.84%. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter last year, the business posted $0.91 earnings per share. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, research analysts forecast that Wynn Resorts, Limited will post 5.55 EPS for the current fiscal year.

Wynn Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.00 dividend on an annualized basis and a yield of 1.27%. Wynn Resorts’s payout ratio is currently 13.70%.

About Wynn Resorts

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.