52,444 Shares in Wynn Resorts, Limited (NASDAQ:WYNN) Bought by Trexquant Investment LP

Trexquant Investment LP acquired a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 52,444 shares of the casino operator’s stock, valued at approximately $4,778,000.

A number of other hedge funds have also recently made changes to their positions in WYNN. Blue Trust Inc. lifted its stake in shares of Wynn Resorts by 3,000.0% during the 4th quarter. Blue Trust Inc. now owns 279 shares of the casino operator’s stock worth $25,000 after purchasing an additional 270 shares during the last quarter. Sunbelt Securities Inc. increased its position in Wynn Resorts by 4,285.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 307 shares of the casino operator’s stock valued at $28,000 after buying an additional 300 shares in the last quarter. GAMMA Investing LLC acquired a new position in Wynn Resorts during the 4th quarter valued at about $38,000. Venturi Wealth Management LLC increased its position in Wynn Resorts by 1,083.8% during the 4th quarter. Venturi Wealth Management LLC now owns 438 shares of the casino operator’s stock valued at $40,000 after buying an additional 401 shares in the last quarter. Finally, Federated Hermes Inc. increased its position in Wynn Resorts by 47.5% during the 4th quarter. Federated Hermes Inc. now owns 435 shares of the casino operator’s stock valued at $40,000 after buying an additional 140 shares in the last quarter. 68.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WYNN has been the topic of several recent analyst reports. Citigroup upped their target price on Wynn Resorts from $132.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Morgan Stanley upped their target price on Wynn Resorts from $107.00 to $114.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. JPMorgan Chase & Co. increased their price objective on Wynn Resorts from $118.00 to $123.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. Susquehanna increased their price objective on Wynn Resorts from $105.00 to $115.00 and gave the company a “positive” rating in a report on Thursday, February 8th. Finally, Macquarie increased their price objective on Wynn Resorts from $122.00 to $128.00 and gave the company an “outperform” rating in a report on Friday, February 9th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $120.79.

Wynn Resorts Trading Down 1.1 %

Shares of WYNN stock opened at $95.48 on Thursday. The company has a market capitalization of $10.70 billion, a P/E ratio of 13.08 and a beta of 1.91. The business’s 50 day moving average is $99.35 and its two-hundred day moving average is $95.95. Wynn Resorts, Limited has a 12-month low of $81.65 and a 12-month high of $112.25.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings results on Tuesday, May 7th. The casino operator reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.16. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.80 billion. Wynn Resorts had a negative return on equity of 46.04% and a net margin of 12.36%. Wynn Resorts’s revenue for the quarter was up 30.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.29 earnings per share. On average, research analysts predict that Wynn Resorts, Limited will post 5.58 earnings per share for the current fiscal year.

Wynn Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Monday, May 20th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $1.00 dividend on an annualized basis and a yield of 1.05%. Wynn Resorts’s dividend payout ratio is currently 13.70%.

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.