Creative Planning bought a new position in shares of Red Rock Resorts Inc (NASDAQ:RRR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,974 shares of the company’s stock, valued at approximately $215,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Russell Investments Group Ltd. boosted its stake in shares of Red Rock Resorts by 12.1% in the 4th quarter. Russell Investments Group Ltd. now owns 18,365 shares of the company’s stock valued at $439,000 after purchasing an additional 1,977 shares in the last quarter. California Public Employees Retirement System boosted its position in Red Rock Resorts by 19.2% during the 4th quarter. California Public Employees Retirement System now owns 154,083 shares of the company’s stock worth $3,690,000 after buying an additional 24,865 shares during the period. Zeke Capital Advisors LLC boosted its position in Red Rock Resorts by 2.6% during the 4th quarter. Zeke Capital Advisors LLC now owns 2,778,819 shares of the company’s stock worth $66,553,000 after buying an additional 70,341 shares during the period. Sciencast Management LP acquired a new stake in Red Rock Resorts during the 4th quarter worth approximately $307,000. Finally, Man Group plc boosted its position in Red Rock Resorts by 23.7% during the 3rd quarter. Man Group plc now owns 27,275 shares of the company’s stock worth $554,000 after buying an additional 5,230 shares during the period. Institutional investors and hedge funds own 61.65% of the company’s stock.
Red Rock Resorts stock opened at $26.35 on Friday. The company has a debt-to-equity ratio of 3.85, a quick ratio of 0.90 and a current ratio of 0.96. Red Rock Resorts Inc has a 52-week low of $16.76 and a 52-week high of $29.80. The firm has a 50 day moving average price of $24.64 and a two-hundred day moving average price of $22.22. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of -376.37 and a beta of 2.07.
Red Rock Resorts (NASDAQ:RRR) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.06). Red Rock Resorts had a positive return on equity of 6.25% and a negative net margin of 0.18%. The firm had revenue of $460.80 million for the quarter, compared to the consensus estimate of $464.30 million. During the same quarter in the previous year, the business posted $0.11 EPS. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, equities research analysts predict that Red Rock Resorts Inc will post 0.97 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.40 annualized dividend and a yield of 1.52%.
Several equities research analysts recently commented on RRR shares. Bank of America downgraded shares of Red Rock Resorts from a “buy” rating to a “neutral” rating in a research report on Monday, January 6th. Nomura lifted their target price on shares of Red Rock Resorts from to in a research report on Wednesday, February 5th. Union Gaming Research downgraded shares of Red Rock Resorts from a “buy” rating to a “hold” rating and cut their target price for the stock from $25.00 to $22.00 in a research report on Wednesday, November 6th. ValuEngine upgraded shares of Red Rock Resorts from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Finally, Deutsche Bank reiterated a “buy” rating and set a $31.00 target price (up from $25.00) on shares of Red Rock Resorts in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Red Rock Resorts currently has an average rating of “Buy” and an average price target of $27.11.
Red Rock Resorts Company Profile
Red Rock Resorts, Inc, through its interest in Station Holdco and Station LLC, engages in casino entertainment, and gaming and entertainment businesses in the United States. It operates through two segments, Las Vegas operations and Native American management. The company develops, manages, and operates casino entertainment properties; and owns and operates 10 gaming and entertainment facilities, and 10 smaller casinos in the Las Vegas regional market.
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