V Square Quantitative Management LLC Acquires 381 Shares of Wynn Resorts, Limited $WYNN

V Square Quantitative Management LLC boosted its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 16.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,632 shares of the casino operator’s stock after purchasing an additional 381 shares during the period. V Square Quantitative Management LLC’s holdings in Wynn Resorts were worth $247,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Teachers Retirement System of The State of Kentucky increased its holdings in Wynn Resorts by 1.9% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 7,057 shares of the casino operator’s stock worth $589,000 after purchasing an additional 132 shares in the last quarter. Navalign LLC grew its position in shares of Wynn Resorts by 1.8% in the 1st quarter. Navalign LLC now owns 8,252 shares of the casino operator’s stock valued at $689,000 after buying an additional 144 shares during the last quarter. Grassi Investment Management grew its position in shares of Wynn Resorts by 4.2% in the 1st quarter. Grassi Investment Management now owns 3,690 shares of the casino operator’s stock valued at $308,000 after buying an additional 150 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Wynn Resorts by 69.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 382 shares of the casino operator’s stock valued at $32,000 after buying an additional 156 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in shares of Wynn Resorts by 7.2% in the 1st quarter. Fifth Third Bancorp now owns 2,341 shares of the casino operator’s stock valued at $195,000 after buying an additional 158 shares during the last quarter. Institutional investors and hedge funds own 88.64% of the company’s stock.

Insider Activity at Wynn Resorts

In other news, Director Patricia Mulroy sold 4,438 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $125.00, for a total value of $554,750.00. Following the completion of the transaction, the director directly owned 3,066 shares of the company’s stock, valued at $383,250. This trade represents a 59.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.52% of the stock is owned by insiders.

Wynn Resorts Trading Up 1.0%

Shares of WYNN opened at $133.34 on Friday. The company has a market capitalization of $13.86 billion, a price-to-earnings ratio of 40.04, a PEG ratio of 6.72 and a beta of 1.31. The stock has a 50 day moving average of $118.74 and a 200 day moving average of $99.21. Wynn Resorts, Limited has a 12 month low of $65.25 and a 12 month high of $134.23.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings data on Thursday, August 7th. The casino operator reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.11). Wynn Resorts had a net margin of 5.51% and a negative return on equity of 56.78%. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period last year, the company posted $1.12 earnings per share. Wynn Resorts’s revenue for the quarter was up .6% on a year-over-year basis. As a group, equities research analysts predict that Wynn Resorts, Limited will post 5.17 earnings per share for the current year.

Wynn Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, August 18th. Wynn Resorts’s dividend payout ratio (DPR) is presently 30.03%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on WYNN. Mizuho upped their price target on Wynn Resorts from $122.00 to $126.00 and gave the company an “outperform” rating in a research report on Monday, August 11th. Argus upgraded Wynn Resorts from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a research report on Wednesday, September 3rd. Citigroup reiterated a “neutral” rating and issued a $114.00 price target (up previously from $108.00) on shares of Wynn Resorts in a research report on Wednesday, July 9th. Morgan Stanley upped their price target on Wynn Resorts from $113.00 to $128.00 and gave the company an “overweight” rating in a research report on Thursday, September 11th. Finally, UBS Group upgraded Wynn Resorts from a “neutral” rating to a “buy” rating and upped their target price for the company from $101.00 to $147.00 in a research report on Thursday, August 28th. Fourteen investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $127.33.

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.