Dynamic Technology Lab Private Ltd Sells 24,804 Shares of Red Rock Resorts, Inc. (NASDAQ:RRR)

Dynamic Technology Lab Private Ltd reduced its stake in shares of Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) by 76.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,819 shares of the company's stock after selling 24,804 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Red Rock Resorts were worth $362,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Arizona State Retirement System increased its holdings in Red Rock Resorts by 1.5% in the 4th quarter. Arizona State Retirement System now owns 14,707 shares of the company's stock valued at $680,000 after buying an additional 216 shares during the period. KBC Group NV boosted its stake in Red Rock Resorts by 37.1% in the 4th quarter. KBC Group NV now owns 1,996 shares of the company's stock valued at $92,000 after buying an additional 540 shares in the last quarter. Mayfair Advisory Group LLC grew its position in Red Rock Resorts by 15.1% in the fourth quarter. Mayfair Advisory Group LLC now owns 4,497 shares of the company's stock valued at $208,000 after acquiring an additional 591 shares during the period. Avior Wealth Management LLC raised its stake in Red Rock Resorts by 11.8% during the fourth quarter. Avior Wealth Management LLC now owns 8,828 shares of the company's stock worth $408,000 after acquiring an additional 930 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Red Rock Resorts by 1.4% during the fourth quarter. Swiss National Bank now owns 99,700 shares of the company's stock valued at $4,610,000 after acquiring an additional 1,400 shares during the period. Institutional investors own 47.84% of the company's stock.

Analyst Ratings Changes

RRR has been the subject of a number of recent analyst reports. Stifel Nicolaus raised their price target on Red Rock Resorts from $50.00 to $54.00 and gave the company a "hold" rating in a report on Wednesday, February 12th. Mizuho raised their price target on shares of Red Rock Resorts from $44.00 to $52.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Truist Financial reduced their price objective on Red Rock Resorts from $56.00 to $49.00 and set a "hold" rating on the stock in a report on Tuesday, January 14th. JMP Securities lowered their target price on Red Rock Resorts from $61.00 to $57.00 and set a "market outperform" rating for the company in a research note on Thursday, January 16th. Finally, Susquehanna raised their price target on Red Rock Resorts from $60.00 to $61.00 and gave the company a "positive" rating in a report on Wednesday, February 12th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $57.33.

Red Rock Resorts Stock Up 0.2 %

Shares of NASDAQ:RRR traded up $0.09 during mid-day trading on Tuesday, reaching $41.17. 79,424 shares of the stock were exchanged, compared to its average volume of 561,290. The stock's 50 day simple moving average is $46.01 and its 200-day simple moving average is $48.37. Red Rock Resorts, Inc. has a one year low of $35.09 and a one year high of $61.73. The company has a market cap of $4.37 billion, a P/E ratio of 16.38, a P/E/G ratio of 4.32 and a beta of 1.69. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 14.28.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.34. Red Rock Resorts had a net margin of 7.94% and a return on equity of 71.00%. As a group, equities research analysts predict that Red Rock Resorts, Inc. will post 1.76 EPS for the current year.

Red Rock Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend was Monday, March 17th. Red Rock Resorts's dividend payout ratio (DPR) is presently 39.84%.

Red Rock Resorts Company 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.