TORQ CAPITAL MANAGEMENT HK Ltd Has $20.10 Million Holdings in Wynn Resorts, Limited (NASDAQ:WYNN)

TORQ CAPITAL MANAGEMENT HK Ltd boosted its holdings in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 108.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 220,600 shares of the casino operator's stock after purchasing an additional 114,600 shares during the quarter. Wynn Resorts comprises 52.8% of TORQ CAPITAL MANAGEMENT HK Ltd's investment portfolio, making the stock its largest holding. TORQ CAPITAL MANAGEMENT HK Ltd owned 0.20% of Wynn Resorts worth $20,099,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Blue Trust Inc. raised its position in 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 buying an additional 270 shares during the last quarter. Sunbelt Securities Inc. raised 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 worth $28,000 after buying an additional 300 shares during the last quarter. Venturi Wealth Management LLC raised 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 worth $40,000 after buying an additional 401 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Wynn Resorts during the 1st quarter worth $45,000. Finally, Friedenthal Financial purchased a new position in Wynn Resorts during the 4th quarter worth $46,000. Hedge funds and other institutional investors own 68.87% of the company's stock.

Insiders Place Their Bets

In other Wynn Resorts news, Director Patricia Mulroy sold 960 shares of the firm's stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $105.17, for a total transaction of $100,963.20. Following the sale, the director now directly owns 522 shares of the company's stock, valued at approximately $54,898.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Craig Scott Billings sold 19,235 shares of the firm's stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $108.00, for a total value of $2,077,380.00. Following the sale, the chief executive officer now directly owns 307,904 shares of the company's stock, valued at $33,253,632. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Patricia Mulroy sold 960 shares of the firm's stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $105.17, for a total transaction of $100,963.20. Following the completion of the sale, the director now directly owns 522 shares in the company, valued at $54,898.74. The disclosure for this sale can be found here. Insiders have sold 26,578 shares of company stock valued at $2,850,282 in the last ninety days. Insiders own 0.52% of the company's stock.

Wynn Resorts Stock Performance

NASDAQ WYNN traded down $1.87 during trading hours on Wednesday, reaching $97.48. The company's stock had a trading volume of 1,900,785 shares, compared to its average volume of 1,813,018. The stock has a market cap of $10.93 billion, a PE ratio of 16.30 and a beta of 1.93. Wynn Resorts, Limited has a fifty-two week low of $81.65 and a fifty-two week high of $117.86. The company's 50-day moving average is $102.69 and its two-hundred day moving average is $94.83.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The casino operator reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.76. The firm had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $1.74 billion. Wynn Resorts had a net margin of 11.18% and a negative return on equity of 31.17%. The firm's revenue was up 83.1% on a year-over-year basis. During the same period in the prior year, the company earned ($1.23) EPS. Equities analysts expect that Wynn Resorts, Limited will post 5.38 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Tuesday, February 20th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, February 16th. This represents a $1.00 annualized dividend and a dividend yield of 1.03%. Wynn Resorts's dividend payout ratio is currently 16.72%.

Analysts Set New Price Targets

WYNN has been the subject of a number of analyst reports. Macquarie upped their price objective on shares of Wynn Resorts from $122.00 to $128.00 and gave the stock an "outperform" rating in a research report on Friday, February 9th. UBS Group cut their price objective on shares of Wynn Resorts from $117.00 to $108.00 and set a "neutral" rating for the company in a research report on Tuesday, February 6th. Mizuho started coverage on shares of Wynn Resorts in a report on Thursday, April 4th. They issued a "buy" rating and a $131.00 price target for the company. StockNews.com upgraded shares of Wynn Resorts from a "hold" rating to a "buy" rating in a report on Thursday, April 4th. Finally, Wells Fargo & Company increased their price target on shares of Wynn Resorts from $122.00 to $124.00 and gave the company an "overweight" rating in a report on Thursday, February 8th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $121.36.

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.