Mirador Capital Partners LP Buys Shares of 16,646 Wynn Resorts, Limited $WYNN

Mirador Capital Partners LP purchased a new stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 16,646 shares of the casino operator’s stock, valued at approximately $2,003,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in Wynn Resorts in the second quarter valued at $106,289,000. Pacific Heights Asset Management LLC raised its stake in shares of Wynn Resorts by 30.4% during the 3rd quarter. Pacific Heights Asset Management LLC now owns 150,000 shares of the casino operator’s stock worth $19,240,000 after buying an additional 35,000 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Wynn Resorts by 19.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 891,661 shares of the casino operator’s stock worth $114,374,000 after buying an additional 142,892 shares during the last quarter. Rakuten Investment Management Inc. purchased a new stake in shares of Wynn Resorts in the 3rd quarter worth about $51,163,000. Finally, Hussman Strategic Advisors Inc. purchased a new stake in shares of Wynn Resorts in the 3rd quarter worth about $1,347,000. Institutional investors and hedge funds own 88.64% of the company’s stock.

Wynn Resorts Trading Down 2.9%

Wynn Resorts stock opened at $96.59 on Friday. The stock has a 50-day moving average price of $108.14 and a 200 day moving average price of $118.07. Wynn Resorts, Limited has a 52 week low of $65.25 and a 52 week high of $134.72. The stock has a market cap of $10.05 billion, a PE ratio of 32.20, a P/E/G ratio of 11.27 and a beta of 1.01.

Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Thursday, February 12th. The casino operator reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.16). Wynn Resorts had a net margin of 4.59% and a negative return on equity of 39.05%. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter last year, the company posted $2.42 earnings per share. Wynn Resorts’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, equities analysts predict that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, February 23rd were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $1.00 annualized dividend and a dividend yield of 1.0%. Wynn Resorts’s dividend payout ratio is presently 33.33%.

Analyst Ratings Changes

A number of brokerages recently commented on WYNN. Barclays increased their price objective on shares of Wynn Resorts from $141.00 to $143.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $148.00 price target on shares of Wynn Resorts in a report on Monday, December 15th. Texas Capital upgraded shares of Wynn Resorts to a “strong-buy” rating in a research report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft set a $144.00 price objective on shares of Wynn Resorts in a research note on Friday, February 13th. Finally, Mizuho lifted their price objective on Wynn Resorts from $131.00 to $134.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $138.87.

Wynn Resorts Company Profile

Wynn Resorts, Limited (NASDAQ: WYNN) is a global developer and operator of luxury resorts and casinos, renowned for its premium hospitality offerings and integrated entertainment experiences. The company specializes in high-end hotel accommodations, gaming operations, fine dining restaurants, retail outlets, meeting and convention spaces, and live entertainment venues. Its properties are designed to cater to both leisure and business travelers seeking upscale environments and world-class service.

Founded in 2002 by hospitality entrepreneur Steve Wynn, the company opened its flagship property, Wynn Las Vegas, on the Las Vegas Strip in 2005, followed by Encore Las Vegas in 2008.