Russell Investments Group Ltd. cut its position in shares of Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) by 61.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 13,326 shares of the company's stock after selling 21,465 shares during the quarter. Russell Investments Group Ltd.'s holdings in Red Rock Resorts were worth $616,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of RRR. Barclays PLC lifted its stake in Red Rock Resorts by 227.9% during the third quarter. Barclays PLC now owns 78,932 shares of the company's stock valued at $4,297,000 after purchasing an additional 54,863 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Red Rock Resorts in the third quarter valued at $345,000. JPMorgan Chase & Co. lifted its position in shares of Red Rock Resorts by 18.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 89,197 shares of the company's stock valued at $4,856,000 after acquiring an additional 14,148 shares during the last quarter. Mayfair Advisory Group LLC boosted its stake in shares of Red Rock Resorts by 15.1% during the 4th quarter. Mayfair Advisory Group LLC now owns 4,497 shares of the company's stock worth $208,000 after acquiring an additional 591 shares in the last quarter. Finally, Avior Wealth Management LLC grew its holdings in shares of Red Rock Resorts by 11.8% in the 4th quarter. Avior Wealth Management LLC now owns 8,828 shares of the company's stock worth $408,000 after acquiring an additional 930 shares during the last quarter. Institutional investors own 47.84% of the company's stock.
Red Rock Resorts Price Performance
NASDAQ RRR opened at $41.45 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 14.28. The stock has a market capitalization of $4.40 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 4.32 and a beta of 1.69. Red Rock Resorts, Inc. has a 12-month low of $35.09 and a 12-month high of $61.73. The company has a 50 day moving average price of $44.85 and a two-hundred day moving average price of $47.84.
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, beating 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%. As a group, equities analysts predict that Red Rock Resorts, Inc. will post 1.76 earnings per share for the current fiscal year.
Red Rock Resorts Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Monday, March 17th. Red Rock Resorts's dividend payout ratio is 39.84%.
Analyst Upgrades and Downgrades
RRR has been the subject of a number of recent analyst reports. Morgan Stanley decreased their price target on Red Rock Resorts from $45.00 to $43.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Truist Financial cut their target price on shares of Red Rock Resorts from $56.00 to $49.00 and set a "hold" rating on the stock in a research note on Tuesday, January 14th. Mizuho raised their target price on Red Rock Resorts from $44.00 to $52.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Susquehanna reduced their price objective on Red Rock Resorts from $61.00 to $52.00 and set a "positive" rating for the company in a research note on Wednesday, April 16th. Finally, Barclays decreased their price objective on Red Rock Resorts from $58.00 to $54.00 and set an "overweight" rating for the company in a research report on Tuesday. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $54.67.
Read Our Latest Stock Report on Red Rock Resorts
About Red Rock Resorts
(
Free Report)
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.
Further Reading
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