Hantz Financial Services Inc. Purchases 9,002 Shares of Red Rock Resorts, Inc. (NASDAQ:RRR)

Hantz Financial Services Inc. raised its position in Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 272,884 shares of the company's stock after purchasing an additional 9,002 shares during the quarter. Hantz Financial Services Inc. owned 0.26% of Red Rock Resorts worth $12,618,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Quarry LP grew its stake in Red Rock Resorts by 479.4% during 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 in the last quarter. US Bancorp DE grew its stake in Red Rock Resorts by 2,223.9% during the 3rd quarter. US Bancorp DE now owns 1,557 shares of the company's stock valued at $85,000 after purchasing an additional 1,490 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in Red Rock Resorts during the 2nd quarter valued at approximately $98,000. KBC Group NV grew its stake in Red Rock Resorts by 37.1% during the 4th quarter. KBC Group NV now owns 1,996 shares of the company's stock valued at $92,000 after purchasing an additional 540 shares in the last quarter. Finally, nVerses Capital LLC grew its position in shares of Red Rock Resorts by 28.6% in the 3rd quarter. nVerses Capital LLC now owns 3,600 shares of the company's stock worth $196,000 after acquiring an additional 800 shares in the last quarter. 47.84% of the stock is currently owned by hedge funds and other institutional investors.

Red Rock Resorts Price Performance

NASDAQ:RRR traded down $0.47 during mid-day trading on Friday, reaching $49.05. The stock had a trading volume of 513,309 shares, compared to its average volume of 549,540. The stock has a 50-day simple moving average of $47.42 and a two-hundred day simple moving average of $51.85. The stock has a market capitalization of $5.18 billion, a PE ratio of 18.17, a P/E/G ratio of 5.16 and a beta of 2.01. 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.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.11. The firm had revenue of $468.02 million for the quarter, compared to analysts' expectations of $460.73 million. Red Rock Resorts had a net margin of 8.59% and a return on equity of 73.20%. During the same quarter in the previous year, the firm posted $0.60 earnings per share. On average, equities analysts anticipate that Red Rock Resorts, Inc. will post 1.44 earnings per share for the current year.

Red Rock Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.04%. The ex-dividend date was Monday, December 16th. Red Rock Resorts's dividend payout ratio is currently 37.04%.

Analyst Ratings Changes

Several brokerages recently issued reports on RRR. Barclays cut their price target on Red Rock Resorts from $65.00 to $62.00 and set an "overweight" rating on the stock in a report on Friday, November 8th. Mizuho downgraded Red Rock Resorts from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $57.00 to $44.00 in a report on Monday, November 25th. Wells Fargo & Company lowered their target price 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. Truist Financial reduced their price target on Red Rock Resorts from $56.00 to $49.00 and set a "hold" rating for the company in a research report on Tuesday, January 14th. Finally, Macquarie cut their price objective on Red Rock Resorts from $65.00 to $64.00 and set an "outperform" rating for the company in a research report on Friday, November 8th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $58.08.

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.