Citigroup Inc. Has $3.62 Million Stock Holdings in Red Rock Resorts, Inc. (NASDAQ:RRR)

Citigroup Inc. boosted its holdings in Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) by 77.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 66,445 shares of the company's stock after buying an additional 28,948 shares during the quarter. Citigroup Inc. owned 0.06% of Red Rock Resorts worth $3,617,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. US Bancorp DE lifted its position in shares of Red Rock Resorts by 2,223.9% in the 3rd quarter. US Bancorp DE now owns 1,557 shares of the company's stock worth $85,000 after purchasing an additional 1,490 shares during the period. Point72 DIFC Ltd acquired a new position in Red Rock Resorts during the second quarter worth about $98,000. nVerses Capital LLC acquired a new position in Red Rock Resorts in the second quarter valued at approximately $154,000. Ritholtz Wealth Management purchased a new position in shares of Red Rock Resorts during the third quarter worth $215,000. Finally, Mayfair Advisory Group LLC acquired a new position in Red Rock Resorts during the 3rd quarter worth $218,000. Institutional investors own 47.84% of the company's stock.

Red Rock Resorts Price Performance

NASDAQ:RRR traded up $0.51 during trading hours on Thursday, reaching $50.40. 593,612 shares of the company traded hands, compared to its average volume of 495,935. The stock has a market cap of $5.32 billion, a P/E ratio of 18.48, a P/E/G ratio of 6.71 and a beta of 2.00. The company has a debt-to-equity ratio of 14.28, a current ratio of 1.02 and a quick ratio of 0.96. The firm's 50-day moving average is $52.20 and its 200-day moving average is $53.58. Red Rock Resorts, Inc. has a 1-year low of $44.20 and a 1-year high of $63.28.

Red Rock Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Monday, December 16th. Red Rock Resorts's payout ratio is presently 37.04%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. JMP Securities reissued a "market outperform" rating and issued a $65.00 target price on shares of Red Rock Resorts in a research report on Monday, October 14th. Truist Financial lowered their price target on Red Rock Resorts from $63.00 to $58.00 and set a "hold" rating on the stock in a report on Wednesday, October 23rd. Mizuho lowered shares of Red Rock Resorts from an "outperform" rating to a "neutral" rating and cut their price target for the company from $57.00 to $44.00 in a report on Monday, November 25th. Macquarie lowered their price objective on Red Rock Resorts from $65.00 to $64.00 and set an "outperform" rating on the stock in a report on Friday, November 8th. Finally, Morgan Stanley increased 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. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $60.42.

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.