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

Integrated Quantitative Investments LLC purchased a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,100 shares of the casino operator’s stock, valued at approximately $353,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Prudential PLC purchased a new stake in shares of Wynn Resorts in the fourth quarter valued at about $439,000. ExodusPoint Capital Management LP boosted its holdings in Wynn Resorts by 169.1% in the 4th quarter. ExodusPoint Capital Management LP now owns 58,454 shares of the casino operator’s stock valued at $5,036,000 after purchasing an additional 36,731 shares in the last quarter. Cinctive Capital Management LP increased its position in Wynn Resorts by 2.2% during the 4th quarter. Cinctive Capital Management LP now owns 103,298 shares of the casino operator’s stock worth $8,900,000 after purchasing an additional 2,259 shares during the period. Geode Capital Management LLC raised its stake in shares of Wynn Resorts by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 2,433,052 shares of the casino operator’s stock worth $209,120,000 after buying an additional 26,792 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Wynn Resorts by 1.3% in the 4th quarter. Franklin Resources Inc. now owns 254,143 shares of the casino operator’s stock valued at $21,897,000 after buying an additional 3,181 shares during the period. 88.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Philip G. Satre purchased 22,200 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was bought at an average cost of $92.18 per share, for a total transaction of $2,046,396.00. Following the completion of the purchase, the director now directly owns 34,195 shares of the company’s stock, valued at $3,152,095.10. The trade was a 185.08 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Tilman J. Fertitta acquired 5,025 shares of Wynn Resorts stock in a transaction dated Friday, March 21st. The stock was purchased at an average cost of $80.99 per share, for a total transaction of $406,974.75. Following the completion of the purchase, the insider now directly owns 10,905,025 shares in the company, valued at approximately $883,197,974.75. This represents a 0.05 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 38,700 shares of company stock valued at $3,427,943. Insiders own 0.52% of the company’s stock.

Wynn Resorts Stock Down 3.8 %

Shares of Wynn Resorts stock opened at $70.09 on Friday. Wynn Resorts, Limited has a fifty-two week low of $66.20 and a fifty-two week high of $108.50. The business’s fifty day moving average is $85.25 and its two-hundred day moving average is $89.16. The firm has a market cap of $7.44 billion, a PE ratio of 16.65, a P/E/G ratio of 2.35 and a beta of 1.53.

Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Thursday, February 13th. The casino operator reported $2.42 earnings per share for the quarter, topping the consensus estimate of $1.27 by $1.15. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.78 billion. Wynn Resorts had a negative return on equity of 71.17% and a net margin of 7.03%. Equities research analysts anticipate that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.00 dividend on an annualized basis and a yield of 1.43%. Wynn Resorts’s payout ratio is 23.75%.

Wall Street Analyst Weigh In

WYNN has been the subject of several research analyst reports. Morgan Stanley cut their price objective on Wynn Resorts from $105.00 to $103.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. Mizuho raised their price objective on shares of Wynn Resorts from $118.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. Stifel Nicolaus boosted their price objective on shares of Wynn Resorts from $123.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, February 14th. StockNews.com cut shares of Wynn Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, March 12th. Finally, Jefferies Financial Group raised Wynn Resorts from a “hold” rating to a “buy” rating and boosted their price target for the stock from $105.00 to $118.00 in a research note on Tuesday, February 18th. Two investment 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.