Red Rock Resorts, Inc. (NASDAQ:RRR) Shares Acquired by Versor Investments LP

Versor Investments LP boosted its stake in Red Rock Resorts, Inc. (NASDAQ:RRR) by 52.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,100 shares of the company’s stock after buying an additional 2,100 shares during the quarter. Versor Investments LP’s holdings in Red Rock Resorts were worth $282,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Quarry LP boosted its holdings in Red Rock Resorts by 479.4% in the 3rd quarter. Quarry LP now owns 1,124 shares of the company’s stock valued at $61,000 after purchasing an additional 930 shares during the last quarter. US Bancorp DE lifted its holdings in Red Rock Resorts by 2,223.9% in the third quarter. US Bancorp DE now owns 1,557 shares of the company’s stock valued at $85,000 after acquiring an additional 1,490 shares during the last quarter. KBC Group NV grew its position in Red Rock Resorts by 37.1% in the fourth quarter. KBC Group NV now owns 1,996 shares of the company’s stock worth $92,000 after acquiring an additional 540 shares during the period. Mayfair Advisory Group LLC increased its stake in Red Rock Resorts by 15.1% during the fourth quarter. Mayfair Advisory Group LLC now owns 4,497 shares of the company’s stock worth $208,000 after acquiring an additional 591 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Red Rock Resorts in the third quarter valued at $233,000. 47.84% of the stock is currently owned by hedge funds and other institutional investors.

Red Rock Resorts Trading Down 1.8 %

RRR opened at $49.06 on Tuesday. The business has a fifty day moving average price of $48.15 and a 200 day moving average price of $51.04. The company has a debt-to-equity ratio of 14.28, a current ratio of 1.02 and a quick ratio of 0.96. Red Rock Resorts, Inc. has a 12 month low of $42.46 and a 12 month high of $63.28. The stock has a market capitalization of $5.18 billion, a price-to-earnings ratio of 19.55, a PEG ratio of 4.32 and a beta of 2.02.

Red Rock Resorts (NASDAQ:RRR) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.34. Red Rock Resorts had a net margin of 7.94% and a return on equity of 71.00%. Sell-side analysts expect that Red Rock Resorts, Inc. will post 1.76 earnings per share for the current fiscal year.

Red Rock Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.00 annualized dividend and a yield of 2.04%. Red Rock Resorts’s dividend payout ratio is presently 39.84%.

Analyst Upgrades and Downgrades

RRR has been the subject of a number of research analyst reports. Stifel Nicolaus raised their price objective on Red Rock Resorts from $50.00 to $54.00 and gave the stock a “hold” rating in a research report on Wednesday, February 12th. Susquehanna boosted their price target on shares of Red Rock Resorts from $60.00 to $61.00 and gave the company a “positive” rating in a research note on Wednesday, February 12th. Jefferies Financial Group restated a “hold” rating and issued a $51.00 price objective (down from $64.00) on shares of Red Rock Resorts in a report on Friday, January 3rd. Macquarie dropped their target price on shares of Red Rock Resorts from $65.00 to $64.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Finally, JMP Securities decreased their price target on Red Rock Resorts from $61.00 to $57.00 and set a “market outperform” rating on the stock in a research note on Thursday, January 16th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $57.33.

Red Rock Resorts Profile

Red Rock Resorts, Inc, through its interest in Station Casinos LLC, develops and operates casino and entertainment properties in the United States. The company owns and operates gaming and entertainment facilities, including Durango Casino & Resort and smaller casinos in the Las Vegas regional market.