Hodges Capital Management Inc. significantly reduced its stake in Wynn Resorts (NASDAQ:WYNN) by 73.4% in the third quarter, holding 26,637 shares valued at $3.42 million after selling 73,550 shares. The company recently reported Q3 earnings per share of $1.17, missing the $1.33 consensus, though revenue of $1.87 billion slightly beat estimates. Despite profitability concerns, analysts maintain a “Moderate Buy” rating with an average target price of $139.20.
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Wynn Resorts, Limited $WYNN Shares Sold by Hodges Capital Management Inc.
Hodges Capital Management Inc. significantly reduced its stake in Wynn Resorts (NASDAQ:WYNN) by 73.4% in the third quarter, holding 26,637 shares valued at $3.42 million after selling 73,550 shares. The company recently reported Q3 earnings per share of $1.17, missing the $1.33 consensus, though revenue of $1.87 billion slightly beat estimates. Despite profitability concerns, analysts maintain a “Moderate Buy” rating with an average target price of $139.20.