Semanteon Capital Management LP bought a new position in Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 31,977 shares of the company's stock, valued at approximately $1,479,000. Red Rock Resorts comprises approximately 0.8% of Semanteon Capital Management LP's portfolio, making the stock its 8th largest position.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quarry LP lifted its position 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. KBC Group NV increased 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 valued at $92,000 after purchasing an additional 540 shares during the period. Mayfair Advisory Group LLC raised its holdings in shares of Red Rock Resorts by 15.1% during the fourth quarter. Mayfair Advisory Group LLC now owns 4,497 shares of the company's stock valued at $208,000 after buying an additional 591 shares during the last quarter. Cibc World Markets Corp acquired a new position in shares of Red Rock Resorts during the fourth quarter worth approximately $213,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Red Rock Resorts in the 3rd quarter worth approximately $233,000. 47.84% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
RRR has been the topic of several recent analyst reports. JMP Securities cut their target price on Red Rock Resorts from $61.00 to $57.00 and set a "market outperform" rating on the stock in a research note on Thursday, January 16th. 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. Truist Financial reduced their price objective on shares of Red Rock Resorts from $56.00 to $49.00 and set a "hold" rating for the company in a report on Tuesday, January 14th. Jefferies Financial Group reissued a "hold" rating and set a $51.00 target price (down previously from $64.00) on shares of Red Rock Resorts in a research note on Friday, January 3rd. Finally, Susquehanna boosted their price target on shares of Red Rock Resorts from $60.00 to $61.00 and gave the stock a "positive" rating in a research report on Wednesday, February 12th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $57.33.
Read Our Latest Analysis on Red Rock Resorts
Red Rock Resorts Price Performance
NASDAQ:RRR traded down $0.49 during trading hours on Tuesday, reaching $44.64. 520,690 shares of the company's stock were exchanged, compared to its average volume of 529,378. 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 company has a market capitalization of $4.73 billion, a P/E ratio of 17.78, a price-to-earnings-growth ratio of 4.32 and a beta of 2.01. Red Rock Resorts, Inc. has a 12 month low of $42.33 and a 12 month high of $63.29. The business's 50-day simple moving average is $48.15 and its two-hundred day simple moving average is $49.85.
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 for the quarter, topping the consensus estimate of $0.42 by $0.34. Red Rock Resorts had a return on equity of 71.00% and a net margin of 7.94%. Sell-side analysts expect that Red Rock Resorts, Inc. will post 1.76 EPS for the current fiscal year.
Red Rock Resorts Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, March 17th. This represents a $1.00 annualized dividend and a yield of 2.24%. Red Rock Resorts's payout ratio is presently 39.84%.
Red Rock Resorts Profile
(
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.
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