Prospera Financial Services Inc Boosts Stock Position in Wynn Resorts, Limited $WYNN

Prospera Financial Services Inc lifted its stake in Wynn Resorts, Limited (NASDAQ:WYNN) by 180.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,031 shares of the casino operator’s stock after purchasing an additional 13,541 shares during the quarter. Prospera Financial Services Inc’s holdings in Wynn Resorts were worth $2,698,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WYNN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Wynn Resorts by 10.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,961 shares of the casino operator’s stock worth $665,000 after acquiring an additional 754 shares during the last quarter. Woodline Partners LP grew its holdings in shares of Wynn Resorts by 36.2% in the first quarter. Woodline Partners LP now owns 7,568 shares of the casino operator’s stock valued at $632,000 after purchasing an additional 2,012 shares during the period. Geneos Wealth Management Inc. grew its holdings in shares of Wynn Resorts by 69.0% in the first quarter. Geneos Wealth Management Inc. now owns 382 shares of the casino operator’s stock valued at $32,000 after purchasing an additional 156 shares during the period. Callan Family Office LLC acquired a new stake in Wynn Resorts during the second quarter worth about $390,000. Finally, Apollon Wealth Management LLC purchased a new position in Wynn Resorts during the second quarter worth about $205,000. Institutional investors and hedge funds own 88.64% of the company’s stock.

Wynn Resorts Stock Down 6.6%

WYNN opened at $107.85 on Friday. Wynn Resorts, Limited has a 52 week low of $65.25 and a 52 week high of $134.72. The business has a fifty day simple moving average of $118.64 and a 200-day simple moving average of $120.10. The firm has a market cap of $11.21 billion, a P/E ratio of 24.13, a P/E/G ratio of 9.98 and a beta of 1.06.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings data on Thursday, February 12th. The casino operator reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.16). Wynn Resorts had a net margin of 7.09% and a negative return on equity of 54.88%. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the prior year, the firm posted $2.42 EPS. Wynn Resorts’s quarterly revenue was up 1.5% compared to the same quarter last year. Sell-side analysts expect that Wynn Resorts, Limited will post 5.17 earnings per share for the current year.

Analysts Set New Price Targets

WYNN has been the subject of several analyst reports. The Goldman Sachs Group reissued a “buy” rating and issued a $148.00 price target on shares of Wynn Resorts in a research note on Monday, December 15th. Macquarie Infrastructure reiterated an “outperform” rating and issued a $143.00 price objective on shares of Wynn Resorts in a research report on Monday, December 8th. JPMorgan Chase & Co. lifted their target price on Wynn Resorts from $138.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday, December 8th. Jefferies Financial Group upped their price target on Wynn Resorts from $146.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 8th. Finally, Texas Capital raised Wynn Resorts to a “strong-buy” rating in a research report on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $139.64.

Key Stories Impacting Wynn Resorts

Here are the key news stories impacting Wynn Resorts this week:

• Positive Sentiment: Macau strength supported overall results — management cited higher sales at its Macau properties that helped offset weakness elsewhere; this provides revenue diversification and upside exposure to China recovery. WSJ: Mixed Q4 — Macau strength
• Positive Sentiment: Company declared a quarterly dividend, signaling cash-flow intent and returning capital to shareholders — a supportive factor for income-focused investors. TipRanks: Dividend declared
• Positive Sentiment: Brand and service recognition remain strong — Wynn received 18 Forbes Five-Star awards, which supports premium pricing and long-term brand value. PR Newswire: Forbes awards
• Neutral Sentiment: Revenue slightly beat estimates — operating revenue was $1.87B (up modestly year-over-year), roughly in line with expectations but not enough to offset profit pressure. PR Newswire: Q4 results
• Neutral Sentiment: Full earnings package and call materials published — investors can review the press release, slide deck and conference call for detail on margins, capital allocation and regional trends. MarketBeat: Earnings release & materials
• Negative Sentiment: EPS miss and profit compression drove the selloff — WYNN reported EPS of $1.17, below consensus (~$1.33–$1.37) and well under prior-year EPS, signaling margin pressure. Zacks: Q4 earnings lag
• Negative Sentiment: Las Vegas and Boston weakness pulled on overall profitability — management noted declines at those operations, which, combined with cost and margin issues, capped net income (reported profit ~$100M). Investors view U.S. softness as a near-term headwind. MSN: Las Vegas slump
• Neutral Sentiment: Non-operational news: an extortion arrest connected to Steve Wynn surfaced but appears unrelated to operations and is unlikely to move fundamentals materially. MSN: Extortion arrest

About Wynn Resorts

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.