Mirador Capital Partners LP Has $4.81 Million Holdings in Wynn Resorts, Limited (NASDAQ:WYNN)

Mirador Capital Partners LP grew its stake in Wynn Resorts, Limited (NASDAQ:WYNN) by 4.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,089 shares of the casino operator’s stock after acquiring an additional 2,208 shares during the period. Wynn Resorts accounts for about 0.9% of Mirador Capital Partners LP’s investment portfolio, making the stock its 25th biggest position. Mirador Capital Partners LP’s holdings in Wynn Resorts were worth $4,814,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. First Dallas Securities Inc. lifted its holdings in Wynn Resorts by 70.6% during the 1st quarter. First Dallas Securities Inc. now owns 20,350 shares of the casino operator’s stock worth $2,080,000 after buying an additional 8,423 shares in the last quarter. Hodges Capital Management Inc. raised its position in shares of Wynn Resorts by 45.9% during the first quarter. Hodges Capital Management Inc. now owns 217,238 shares of the casino operator’s stock worth $22,209,000 after acquiring an additional 68,327 shares during the last quarter. Register Financial Advisors LLC acquired a new position in shares of Wynn Resorts during the first quarter valued at $37,000. Navalign LLC boosted its holdings in Wynn Resorts by 6.5% in the first quarter. Navalign LLC now owns 9,366 shares of the casino operator’s stock valued at $957,000 after acquiring an additional 568 shares during the last quarter. Finally, Global Assets Advisory LLC acquired a new stake in Wynn Resorts in the first quarter worth about $2,796,000. 68.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Betsy S. Atkins sold 2,446 shares of Wynn Resorts stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $94.39, for a total value of $230,877.94. Following the sale, the director now owns 9,226 shares of the company’s stock, valued at approximately $870,842.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.52% of the company’s stock.

Wynn Resorts Stock Performance

NASDAQ WYNN traded up $0.36 during trading hours on Monday, reaching $89.50. 2,199,400 shares of the company’s stock were exchanged, compared to its average volume of 1,781,341. The company has a market capitalization of $10.03 billion, a price-to-earnings ratio of 12.26 and a beta of 1.82. The company’s 50-day moving average is $93.80 and its two-hundred day moving average is $96.92. Wynn Resorts, Limited has a one year low of $81.65 and a one year high of $112.25.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings data on Tuesday, May 7th. The casino operator reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.16. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.80 billion. Wynn Resorts had a net margin of 12.36% and a negative return on equity of 46.04%. The firm’s revenue was up 30.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.29 earnings per share. Research analysts predict that Wynn Resorts, Limited will post 5.59 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Monday, May 20th were issued a $0.25 dividend. The ex-dividend date was Friday, May 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.12%. Wynn Resorts’s dividend payout ratio (DPR) is 13.70%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Stifel Nicolaus upped their target price on shares of Wynn Resorts from $135.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Morgan Stanley raised their price objective on shares of Wynn Resorts from $107.00 to $114.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Seaport Res Ptn raised shares of Wynn Resorts from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 30th. Citigroup increased their price target on Wynn Resorts from $132.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Finally, StockNews.com raised Wynn Resorts from a “hold” rating to a “buy” rating in a research note on Friday, May 17th. Three 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’s stock. According to data from MarketBeat.com, Wynn Resorts presently has a consensus rating of “Moderate Buy” and an average target price of $121.31.

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.