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

Trexquant Investment LP purchased a new stake in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 52,444 shares of the casino operator's stock, valued at approximately $4,778,000.

Several other institutional investors have also modified their holdings of the business. Fisher Asset Management LLC lifted its holdings in Wynn Resorts by 0.5% during the 4th quarter. Fisher Asset Management LLC now owns 3,931,323 shares of the casino operator's stock worth $358,183,000 after buying an additional 20,091 shares during the last quarter. Norges Bank acquired a new position in Wynn Resorts in the fourth quarter valued at $157,305,000. Invesco Ltd. raised its holdings in shares of Wynn Resorts by 20.7% in the third quarter. Invesco Ltd. now owns 1,449,064 shares of the casino operator's stock valued at $133,908,000 after buying an additional 248,820 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Wynn Resorts by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 777,178 shares of the casino operator's stock worth $70,809,000 after buying an additional 2,930 shares during the period. Finally, Bamco Inc. NY increased its position in Wynn Resorts by 25.7% in the 3rd quarter. Bamco Inc. NY now owns 644,474 shares of the casino operator's stock valued at $59,556,000 after acquiring an additional 131,937 shares during the period. Institutional investors and hedge funds own 68.87% of the company's stock.

Wall Street Analysts Forecast Growth

WYNN has been the topic of several research analyst reports. Susquehanna boosted their target price on shares of Wynn Resorts from $105.00 to $115.00 and gave the stock a "positive" rating in a research report on Thursday, February 8th. Barclays raised their price target on Wynn Resorts from $124.00 to $128.00 and gave the company an "overweight" rating in a research report on Thursday, May 9th. Stifel Nicolaus increased their price objective on shares of Wynn Resorts from $135.00 to $138.00 and gave the company a "buy" rating in a research note on Wednesday, May 8th. UBS Group cut their target price 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. Finally, StockNews.com upgraded shares of Wynn Resorts from a "hold" rating to a "buy" rating in a research report on Friday, May 17th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $120.79.

Wynn Resorts Stock Performance

Shares of WYNN traded down $1.39 during trading hours on Thursday, hitting $94.09. The stock had a trading volume of 1,464,481 shares, compared to its average volume of 1,772,537. The company's fifty day simple moving average is $99.35 and its 200 day simple moving average is $95.95. Wynn Resorts, Limited has a 12-month low of $81.65 and a 12-month high of $112.25. The firm has a market cap of $10.54 billion, a P/E ratio of 13.08 and a beta of 1.91.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last posted its 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. Wynn Resorts had a net margin of 12.36% and a negative return on equity of 46.04%. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the company earned $0.29 EPS. The company's revenue was up 30.9% on a year-over-year basis. As a group, sell-side analysts predict that Wynn Resorts, Limited will post 5.58 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors 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 1.06%. Wynn Resorts's dividend payout ratio (DPR) is 13.70%.

About Wynn Resorts

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.