Wynn Resorts, Limited (NASDAQ:WYNN) Shares Acquired by XTX Topco Ltd

XTX Topco Ltd boosted its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 120.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,304 shares of the casino operator’s stock after buying an additional 3,445 shares during the quarter. XTX Topco Ltd’s holdings in Wynn Resorts were worth $564,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in Wynn Resorts during the second quarter worth about $25,000. ICA Group Wealth Management LLC acquired a new position in Wynn Resorts during the fourth quarter worth about $27,000. Register Financial Advisors LLC acquired a new position in Wynn Resorts during the first quarter worth about $37,000. Neo Ivy Capital Management acquired a new position in Wynn Resorts during the fourth quarter worth about $40,000. Finally, Versant Capital Management Inc acquired a new position in Wynn Resorts during the second quarter worth about $51,000. 68.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Wynn Resorts

In other news, Director Patricia Mulroy sold 2,650 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $78.73, for a total value of $208,634.50. Following the completion of the sale, the director now owns 5,689 shares of the company’s stock, valued at $447,894.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. StockNews.com lowered shares of Wynn Resorts from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. Wells Fargo & Company reduced their price target on shares of Wynn Resorts from $126.00 to $115.00 and set an “overweight” rating on the stock in a report on Wednesday, August 7th. Seaport Res Ptn raised shares of Wynn Resorts from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 30th. Stifel Nicolaus reduced their price target on shares of Wynn Resorts from $121.00 to $103.00 and set a “buy” rating on the stock in a report on Friday, September 13th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $126.00 price target on shares of Wynn Resorts in a report on Wednesday, August 7th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $113.73.

Wynn Resorts Stock Up 0.6 %

NASDAQ:WYNN opened at $80.21 on Tuesday. The company has a market cap of $8.99 billion, a P/E ratio of 10.99, a P/E/G ratio of 2.04 and a beta of 1.80. Wynn Resorts, Limited has a fifty-two week low of $71.63 and a fifty-two week high of $110.38. The firm’s 50 day moving average is $78.24 and its two-hundred day moving average is $89.45.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings results on Tuesday, August 6th. The casino operator reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.02). The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Wynn Resorts had a negative return on equity of 53.84% and a net margin of 12.22%. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.91 EPS. Research analysts forecast that Wynn Resorts, Limited will post 5.44 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Monday, August 19th. Wynn Resorts’s dividend payout ratio is currently 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.