Prospera Financial Services Inc Has $702,000 Position in Wynn Resorts, Limited $WYNN

Prospera Financial Services Inc boosted its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 120.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,490 shares of the casino operator’s stock after buying an additional 4,090 shares during the quarter. Prospera Financial Services Inc’s holdings in Wynn Resorts were worth $702,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Resolute Capital Asset Partners LLC acquired a new position in shares of Wynn Resorts during the 1st quarter worth about $3,758,000. Strs Ohio bought a new stake in Wynn Resorts during the first quarter worth about $7,515,000. Oak Harvest Investment Services boosted its position in Wynn Resorts by 20.8% during the first quarter. Oak Harvest Investment Services now owns 32,058 shares of the casino operator’s stock valued at $2,677,000 after purchasing an additional 5,511 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its stake in Wynn Resorts by 116.0% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 14,564 shares of the casino operator’s stock valued at $1,209,000 after purchasing an additional 7,820 shares in the last quarter. Finally, Bayforest Capital Ltd acquired a new position in shares of Wynn Resorts during the 1st quarter worth approximately $365,000. Institutional investors own 88.64% of the company’s stock.

Wynn Resorts Stock Performance

NASDAQ:WYNN opened at $123.01 on Friday. Wynn Resorts, Limited has a 52 week low of $65.25 and a 52 week high of $134.23. The firm’s 50-day simple moving average is $123.57 and its 200 day simple moving average is $108.53. The firm has a market cap of $12.79 billion, a price-to-earnings ratio of 36.94, a P/E/G ratio of 4.94 and a beta of 1.32.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings data on Thursday, November 6th. The casino operator reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.23). Wynn Resorts had a net margin of 5.51% and a negative return on equity of 56.78%. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the prior year, the firm earned $0.90 EPS. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. Sell-side analysts anticipate that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 17th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, November 17th. Wynn Resorts’s dividend payout ratio (DPR) is 22.37%.

Insiders Place Their Bets

In other Wynn Resorts news, Director Patricia Mulroy sold 4,438 shares of Wynn Resorts 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. The trade was a 59.14% decrease in their position. The sale 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 corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Mizuho increased their price objective on Wynn Resorts from $126.00 to $131.00 and gave the company an “outperform” rating in a report on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of Wynn Resorts in a research note on Wednesday, November 5th. Zacks Research raised Wynn Resorts from a “hold” rating to a “strong-buy” rating in a report on Monday, October 27th. Morgan Stanley upped their price objective on shares of Wynn Resorts from $113.00 to $128.00 and gave the company an “overweight” rating in a report on Thursday, September 11th. Finally, Argus upgraded shares of Wynn Resorts from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Wynn Resorts has an average rating of “Moderate Buy” and a consensus target price of $133.00.

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.