Rhumbline Advisers Sells 15,299 Shares of Wynn Resorts, Limited $WYNN

NodeGuardian · 2026-02-23T09:38:21+00:00

Rhumbline Advisers lowered its Wynn Resorts stake by 9.4%, retaining shares valued at $18.83 million. Despite missing EPS estimates, the company's revenue exceeded expectations, maintaining a "Moderate Buy" rating and attracting significant institutional investments.

NodeGuardian

2026-02-23 09:38:21

Abstract generation in progress

Rhumbline Advisers reduced its stake in Wynn Resorts (NASDAQ:WYNN) by 9.4% in the third quarter, selling 15,299 shares and retaining 146,782 shares valued at approximately $18.83 million. Despite Wynn Resorts missing EPS estimates, the company’s revenue slightly beat expectations, and Wall Street maintains a “Moderate Buy” rating with an average target price of $139.20. Institutional ownership of Wynn Resorts stands at about 88.64%, with other notable institutions like Norges Bank and Rakuten building new multi-million dollar positions.

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