Pier Capital LLC lessened its holdings in Red Rock Resorts Inc (NASDAQ:RRR) by 7.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 178,330 shares of the company’s stock after selling 14,456 shares during the quarter. Pier Capital LLC owned 0.15% of Red Rock Resorts worth $4,130,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Ameritas Investment Partners Inc. grew its holdings in Red Rock Resorts by 154.6% in the second quarter. Ameritas Investment Partners Inc. now owns 5,966 shares of the company’s stock valued at $140,000 after purchasing an additional 3,623 shares during the period. Advisor Group Inc. boosted its stake in shares of Red Rock Resorts by 7,476.6% in the second quarter. Advisor Group Inc. now owns 8,107 shares of the company’s stock worth $191,000 after acquiring an additional 8,000 shares during the last quarter. UBS Group AG boosted its stake in shares of Red Rock Resorts by 340.6% in the first quarter. UBS Group AG now owns 8,698 shares of the company’s stock worth $193,000 after acquiring an additional 6,724 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Red Rock Resorts by 123.3% in the second quarter. BNP Paribas Arbitrage SA now owns 8,521 shares of the company’s stock worth $201,000 after acquiring an additional 4,705 shares during the last quarter. Finally, Amalgamated Bank acquired a new stake in shares of Red Rock Resorts in the second quarter worth approximately $208,000. Institutional investors own 64.35% of the company’s stock.
Shares of Red Rock Resorts Inc (NASDAQ:RRR) opened at $31.98 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.29 and a debt-to-equity ratio of 4.41. The company has a market capitalization of $3,830.36, a price-to-earnings ratio of 23.39, a price-to-earnings-growth ratio of 19.32 and a beta of 1.66. Red Rock Resorts Inc has a 1 year low of $20.87 and a 1 year high of $33.31.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Wednesday, November 15th were issued a $0.10 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $0.40 annualized dividend and a dividend yield of 1.25%. Red Rock Resorts’s dividend payout ratio is presently 90.91%.
A number of analysts have recently issued reports on RRR shares. Zacks Investment Research raised Red Rock Resorts from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 17th. ValuEngine raised Red Rock Resorts from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. SunTrust Banks started coverage on Red Rock Resorts in a research note on Thursday, September 14th. They set a “buy” rating and a $26.00 price objective on the stock. BidaskClub lowered Red Rock Resorts from a “sell” rating to a “strong sell” rating in a research note on Friday, September 15th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $28.00 price objective (up previously from $27.00) on shares of Red Rock Resorts in a research note on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $28.50.
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Red Rock Resorts Company Profile
Red Rock Resorts, Inc is a gaming, development and management company. The Company’s segments include Las Vegas operations, Native American management, and Corporate and other. The Las Vegas operations segment includes all of its Las Vegas area casino properties and the Native American management segment includes its Native American management arrangements.
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