15,460 Shares in Red Rock Resorts, Inc. (NASDAQ:RRR) Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP bought a new position in Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 15,460 shares of the company's stock, valued at approximately $842,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Covestor Ltd boosted its stake in Red Rock Resorts by 16,666.7% in the first quarter. Covestor Ltd now owns 503 shares of the company's stock worth $30,000 after purchasing an additional 500 shares in the last quarter. US Bancorp DE raised its holdings in shares of 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 buying an additional 1,490 shares during the last quarter. Point72 DIFC Ltd acquired a new position in Red Rock Resorts during the 2nd quarter worth about $98,000. nVerses Capital LLC bought a new stake in Red Rock Resorts during the 2nd quarter worth about $154,000. Finally, Ritholtz Wealth Management acquired a new stake in Red Rock Resorts in the 3rd quarter valued at about $215,000. 47.84% of the stock is owned by institutional investors and hedge funds.

Red Rock Resorts Trading Up 1.3 %

Red Rock Resorts stock traded up $0.63 during midday trading on Friday, hitting $50.84. 862,367 shares of the stock were exchanged, compared to its average volume of 730,253. The stock has a market capitalization of $5.37 billion, a PE ratio of 18.83, a P/E/G ratio of 6.33 and a beta of 2.04. The company has a fifty day simple moving average of $53.15 and a two-hundred day simple moving average of $53.76. The company has a quick ratio of 0.89, a current ratio of 1.02 and a debt-to-equity ratio of 14.28. Red Rock Resorts, Inc. has a 52 week low of $43.08 and a 52 week high of $63.28.

Red Rock Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.97%. Red Rock Resorts's dividend payout ratio is 37.04%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on RRR shares. Morgan Stanley upped their target price on shares of Red Rock Resorts from $54.00 to $56.00 and gave the stock an "equal weight" rating in a research report on Wednesday, September 4th. Mizuho reiterated an "outperform" rating and issued a $57.00 price objective (down from $67.00) on shares of Red Rock Resorts in a research report on Tuesday, November 12th. Susquehanna lifted their target price on Red Rock Resorts from $63.00 to $70.00 and gave the company a "positive" rating in a research note on Wednesday, July 24th. Wells Fargo & Company cut their price target on Red Rock Resorts from $64.00 to $58.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 17th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $65.00 price objective on shares of Red Rock Resorts in a research report on Monday, October 14th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, Red Rock Resorts has an average rating of "Moderate Buy" and a consensus target price of $61.50.

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.