34,146 Shares in Wynn Resorts, Limited (NASDAQ:WYNN) Bought by Virtu Financial LLC

Virtu Financial LLC purchased a new stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 34,146 shares of the casino operator's stock, valued at approximately $2,942,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Wellington Management Group LLP boosted its position in Wynn Resorts by 90.6% during the third quarter. Wellington Management Group LLP now owns 115,707 shares of the casino operator's stock worth $11,094,000 after purchasing an additional 54,995 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Wynn Resorts in the 4th quarter worth about $75,872,000. Empirical Asset Management LLC acquired a new stake in Wynn Resorts in the 4th quarter valued at about $903,000. Cookson Peirce & Co. Inc. increased its holdings in Wynn Resorts by 79.8% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 33,828 shares of the casino operator's stock valued at $2,915,000 after acquiring an additional 15,017 shares in the last quarter. Finally, ARGA Investment Management LP acquired a new position in Wynn Resorts during the third quarter worth about $2,174,000. Institutional investors and hedge funds own 88.64% of the company's stock.

Wynn Resorts Price Performance

NASDAQ:WYNN traded up $1.67 during trading hours on Tuesday, reaching $86.54. 3,450,458 shares of the company were exchanged, compared to its average volume of 2,289,260. Wynn Resorts, Limited has a 52-week low of $71.63 and a 52-week high of $110.38. The stock has a 50 day simple moving average of $85.78 and a 200 day simple moving average of $89.06. The firm has a market cap of $9.19 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 2.35 and a beta of 1.77.

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Wynn Resorts (NASDAQ:WYNN - Get Free Report) last issued its earnings results 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. Wynn Resorts had a negative return on equity of 71.17% and a net margin of 7.03%. The firm had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $1.78 billion. On average, analysts predict that Wynn Resorts, Limited will post 5.17 EPS for the current fiscal year.

Wynn Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Monday, February 24th. Wynn Resorts's dividend payout ratio (DPR) is presently 23.75%.

Insider Activity at Wynn Resorts

In related news, Director Philip G. Satre bought 22,200 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was bought at an average price of $92.18 per share, with a total value of $2,046,396.00. Following the completion of the transaction, the director now directly owns 34,195 shares of the company's stock, valued at approximately $3,152,095.10. This represents a 185.08 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Tilman J. Fertitta bought 11,475 shares of the company's stock in a transaction that occurred on Monday, March 24th. The shares were bought at an average price of $84.93 per share, for a total transaction of $974,571.75. Following the completion of the acquisition, the insider now owns 12,600,000 shares in the company, valued at approximately $1,070,118,000. This trade represents a 0.09 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 38,700 shares of company stock worth $3,427,943. Company insiders own 0.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on WYNN shares. Jefferies Financial Group raised shares of Wynn Resorts from a "hold" rating to a "buy" rating and raised their price objective for the stock from $105.00 to $118.00 in a research note on Tuesday, February 18th. Stifel Nicolaus raised their price target on Wynn Resorts from $123.00 to $128.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Macquarie restated an "outperform" rating and issued a $115.00 price objective on shares of Wynn Resorts in a research report on Friday, February 14th. Barclays lifted their price objective on Wynn Resorts from $115.00 to $116.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Finally, Mizuho upped their target price on shares of Wynn Resorts from $118.00 to $132.00 and gave the company an "outperform" rating in a report on Friday, February 14th. Two research 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 company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average 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.