Red Rock Resorts, Inc. (NASDAQ:RRR) Stock Holdings Lowered by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its stake in shares of Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) by 54.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,402 shares of the company's stock after selling 18,339 shares during the period. New York State Common Retirement Fund's holdings in Red Rock Resorts were worth $712,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Quarry LP raised its stake 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 raised its position 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. KBC Group NV lifted its stake in shares of 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 buying an additional 540 shares in the last quarter. Mayfair Advisory Group LLC boosted its position 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 acquired a new stake in Red Rock Resorts in the 3rd quarter valued at about $233,000. 47.84% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on RRR shares. Stifel Nicolaus upped their price objective on shares of Red Rock Resorts from $50.00 to $54.00 and gave the company a "hold" rating in a report on Wednesday, February 12th. Mizuho increased their price target on shares of Red Rock Resorts from $44.00 to $52.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Macquarie cut their price target 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. Truist Financial decreased 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. Finally, Barclays cut their target price on Red Rock Resorts from $65.00 to $62.00 and set an "overweight" rating for the company in a research note on Friday, November 8th. 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 MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $57.33.

Red Rock Resorts Trading Down 1.1 %

Shares of RRR traded down $0.52 during trading hours on Friday, hitting $46.56. The stock had a trading volume of 401,132 shares, compared to its average volume of 612,927. The company's fifty day simple moving average is $48.21 and its 200 day simple moving average is $50.97. Red Rock Resorts, Inc. has a 12-month low of $42.46 and a 12-month high of $63.28. The company has a debt-to-equity ratio of 14.28, a quick ratio of 0.96 and a current ratio of 1.02. The firm has a market cap of $4.94 billion, a P/E ratio of 18.53, a P/E/G ratio of 4.32 and a beta of 2.01.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) 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%. Equities research analysts forecast that Red Rock Resorts, Inc. will post 1.76 EPS for the current fiscal year.

Red Rock Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Monday, March 17th. Red Rock Resorts's dividend payout ratio is currently 39.84%.

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.