Integrated Quantitative Investments LLC Invests $353,000 in Wynn Resorts, Limited (NASDAQ:WYNN)

Integrated Quantitative Investments LLC bought a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,100 shares of the casino operator's stock, valued at approximately $353,000.

A number of other large investors have also bought and sold shares of the stock. IHT Wealth Management LLC increased its stake in Wynn Resorts by 1.7% during the 3rd quarter. IHT Wealth Management LLC now owns 6,766 shares of the casino operator's stock valued at $654,000 after purchasing an additional 112 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Wynn Resorts by 5.8% in the 4th quarter. Fifth Third Bancorp now owns 2,183 shares of the casino operator's stock worth $188,000 after acquiring an additional 119 shares during the last quarter. Venturi Wealth Management LLC lifted its position in Wynn Resorts by 15.0% in the 4th quarter. Venturi Wealth Management LLC now owns 936 shares of the casino operator's stock valued at $81,000 after acquiring an additional 122 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Wynn Resorts by 0.5% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 31,119 shares of the casino operator's stock valued at $2,681,000 after purchasing an additional 142 shares during the last quarter. Finally, Metis Global Partners LLC increased its holdings in Wynn Resorts by 5.0% during the 4th quarter. Metis Global Partners LLC now owns 3,197 shares of the casino operator's stock worth $275,000 after purchasing an additional 152 shares in the last quarter. 88.64% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling at Wynn Resorts

In other news, major shareholder Tilman J. Fertitta purchased 11,475 shares of the business's stock in a transaction on Monday, March 24th. The stock was purchased at an average cost of $84.93 per share, with a total value of $974,571.75. Following the acquisition, the insider now directly owns 12,600,000 shares in the company, valued at approximately $1,070,118,000. This trade represents a 0.09 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Philip G. Satre purchased 22,200 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was purchased at an average cost of $92.18 per share, for a total transaction of $2,046,396.00. Following the acquisition, the director now owns 34,195 shares of the company's stock, valued at approximately $3,152,095.10. This trade represents a 185.08 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 438,700 shares of company stock valued at $31,300,943 in the last quarter. 0.52% of the stock is currently owned by corporate insiders.

Wynn Resorts Stock Performance

NASDAQ WYNN traded down $4.65 during trading on Thursday, hitting $71.18. 983,300 shares of the company's stock traded hands, compared to its average volume of 2,437,977. The stock has a market capitalization of $7.56 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 2.35 and a beta of 1.53. The business has a 50 day moving average of $83.69 and a 200-day moving average of $88.84. Wynn Resorts, Limited has a 12-month low of $65.25 and a 12-month high of $107.81.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The casino operator reported $2.42 earnings per share for the quarter, beating analysts' consensus estimates of $1.27 by $1.15. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.78 billion. Wynn Resorts had a net margin of 7.03% and a negative return on equity of 71.17%. On average, analysts expect that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.00 annualized dividend and a yield of 1.40%. Wynn Resorts's dividend payout ratio is currently 23.75%.

Analysts Set New Price Targets

WYNN has been the topic of several recent analyst reports. Jefferies Financial Group upgraded Wynn Resorts from a "hold" rating to a "buy" rating and raised their price objective for the company from $105.00 to $118.00 in a research note on Tuesday, February 18th. Macquarie restated an "outperform" rating and set a $115.00 price target on shares of Wynn Resorts in a report on Friday, February 14th. Stifel Nicolaus increased their price objective on shares of Wynn Resorts from $123.00 to $128.00 and gave the company a "buy" rating in a research note on Friday, February 14th. StockNews.com downgraded Wynn Resorts from a "buy" rating to a "hold" rating in a research note on Wednesday, March 12th. Finally, Barclays upped their target price on Wynn Resorts from $115.00 to $116.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Wynn Resorts presently has a consensus rating of "Moderate Buy" and a consensus target price of $119.58.

Wynn Resorts Profile

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.