V Square Quantitative Management LLC Sells 359 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

V Square Quantitative Management LLC decreased its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 13.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,251 shares of the casino operator’s stock after selling 359 shares during the period. V Square Quantitative Management LLC’s holdings in Wynn Resorts were worth $194,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in WYNN. Vontobel Holding Ltd. boosted its holdings in Wynn Resorts by 11.8% during the fourth quarter. Vontobel Holding Ltd. now owns 9,744 shares of the casino operator’s stock worth $840,000 after purchasing an additional 1,026 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in Wynn Resorts by 1.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 36,309 shares of the casino operator’s stock worth $3,220,000 after purchasing an additional 569 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Wynn Resorts by 70.7% during the fourth quarter. Van ECK Associates Corp now owns 72,242 shares of the casino operator’s stock worth $6,224,000 after purchasing an additional 29,931 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Wynn Resorts by 1.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,798 shares of the casino operator’s stock worth $844,000 after purchasing an additional 176 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Wynn Resorts by 36.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,337 shares of the casino operator’s stock worth $915,000 after purchasing an additional 2,754 shares during the last quarter. Institutional investors own 88.64% of the company’s stock.

Wynn Resorts Stock Performance

Shares of WYNN stock opened at $88.82 on Tuesday. The company has a market capitalization of $9.75 billion, a price-to-earnings ratio of 10.95, a PEG ratio of 2.32 and a beta of 1.76. The company has a 50-day simple moving average of $85.52 and a 200 day simple moving average of $86.96. Wynn Resorts, Limited has a 52 week low of $71.63 and a 52 week high of $110.38.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings data 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. Wynn Resorts had a net margin of 13.37% and a negative return on equity of 61.16%. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Sell-side analysts forecast that Wynn Resorts, Limited will post 4.69 EPS for the current year.

Wynn Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Monday, February 24th. Wynn Resorts’s dividend payout ratio (DPR) is 12.33%.

Analyst Ratings Changes

Several brokerages recently commented on WYNN. Barclays increased their target price on shares of Wynn Resorts from $115.00 to $116.00 and gave the stock an “overweight” rating in a report on Friday. Morgan Stanley lifted their price objective on shares of Wynn Resorts from $112.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Mizuho lifted their price objective on shares of Wynn Resorts from $118.00 to $132.00 and gave the company an “outperform” rating in a research report on Friday. Stifel Nicolaus lifted their price objective on shares of Wynn Resorts from $123.00 to $128.00 and gave the company a “buy” rating in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Wynn Resorts from $122.00 to $118.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Wynn Resorts currently has a consensus rating of “Moderate Buy” and an average target price of $119.50.

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.