Red Rock Resorts, Inc. (NASDAQ:RRR) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) by 6.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 101,576 shares of the company's stock after selling 6,774 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.10% of Red Rock Resorts worth $4,697,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sterling Capital Management LLC lifted its holdings in shares of Red Rock Resorts by 654.7% during the 4th quarter. Sterling Capital Management LLC now owns 883 shares of the company's stock valued at $41,000 after purchasing an additional 766 shares during the last quarter. KBC Group NV lifted its holdings in shares of Red Rock Resorts by 37.1% during the 4th 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 last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Red Rock Resorts by 47.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,055 shares of the company's stock valued at $95,000 after purchasing an additional 664 shares during the last quarter. Cibc World Markets Corp acquired a new position in shares of Red Rock Resorts in the 4th quarter valued at $213,000. Finally, Jump Financial LLC acquired a new position in shares of Red Rock Resorts in the 4th quarter valued at $253,000. Hedge funds and other institutional investors own 47.84% of the company's stock.

Red Rock Resorts Stock Performance

RRR traded up $0.64 during midday trading on Friday, hitting $50.04. 393,580 shares of the company were exchanged, compared to its average volume of 583,609. The company's 50 day simple moving average is $44.08 and its 200 day simple moving average is $46.43. The firm has a market capitalization of $5.31 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 4.32 and a beta of 1.61. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 14.28. Red Rock Resorts, Inc. has a 1-year low of $35.09 and a 1-year high of $61.73.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.33. The company had revenue of $497.86 million for the quarter, compared to the consensus estimate of $499.12 million. Red Rock Resorts had a return on equity of 71.00% and a net margin of 7.94%. The firm's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the firm earned $0.68 EPS. As a group, sell-side analysts predict that Red Rock Resorts, Inc. will post 1.76 earnings per share for the current year.

Red Rock Resorts Dividend Announcement

The business also recently declared an annual dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $1.00 per share. This represents a yield of 2.29%. The ex-dividend date is Monday, June 16th. Red Rock Resorts's dividend payout ratio is currently 38.76%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Stifel Nicolaus cut their target price on Red Rock Resorts from $54.00 to $44.00 and set a "hold" rating on the stock in a research report on Friday, May 2nd. Mizuho raised Red Rock Resorts from a "neutral" rating to an "outperform" rating and set a $50.00 target price on the stock in a research report on Monday, June 2nd. JMP Securities cut their target price on Red Rock Resorts from $59.00 to $55.00 and set a "market outperform" rating on the stock in a research report on Thursday, April 17th. Macquarie reissued an "outperform" rating and issued a $58.00 target price on shares of Red Rock Resorts in a research report on Friday, May 2nd. Finally, Barclays cut their target price on Red Rock Resorts from $58.00 to $54.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $52.64.

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.