Two Sigma Investments LP Sells 23,725 Shares of Red Rock Resorts, Inc. (NASDAQ:RRR)

Two Sigma Investments LP lowered its position in shares of Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) by 45.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,600 shares of the company's stock after selling 23,725 shares during the quarter. Two Sigma Investments LP's holdings in Red Rock Resorts were worth $1,322,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Arizona State Retirement System grew its stake in Red Rock Resorts by 1.5% in the fourth quarter. Arizona State Retirement System now owns 14,707 shares of the company's stock valued at $680,000 after acquiring an additional 216 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in Red Rock Resorts by 3.0% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 10,662 shares of the company's stock valued at $492,000 after acquiring an additional 314 shares during the period. KBC Group NV grew its stake in 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 acquiring an additional 540 shares during the period. Tower Research Capital LLC TRC grew its stake in Red Rock Resorts by 47.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,055 shares of the company's stock valued at $95,000 after acquiring an additional 664 shares during the period. Finally, Sterling Capital Management LLC grew its stake in Red Rock Resorts by 654.7% in the fourth quarter. Sterling Capital Management LLC now owns 883 shares of the company's stock valued at $41,000 after acquiring an additional 766 shares during the period. Institutional investors own 47.84% of the company's stock.

Red Rock Resorts Stock Up 1.3%

NASDAQ RRR traded up $0.64 during trading hours on Friday, hitting $50.04. 393,580 shares of the company traded hands, compared to its average volume of 585,181. The company has a debt-to-equity ratio of 14.28, a quick ratio of 0.96 and a current ratio of 1.02. The business's 50-day moving average is $44.08 and its 200-day moving average is $46.38. The stock has a market capitalization of $5.31 billion, a price-to-earnings ratio of 19.94, a P/E/G ratio of 4.32 and a beta of 1.61. Red Rock Resorts, Inc. has a twelve month low of $35.09 and a twelve month high of $61.73.

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

Red Rock Resorts Announces Dividend

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

Analysts Set New Price Targets

RRR has been the subject of several recent research reports. 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 report on Wednesday, April 16th. Barclays reduced 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, April 22nd. JMP Securities reduced their price objective on Red Rock Resorts from $59.00 to $55.00 and set a "market outperform" rating for the company in a research report on Thursday, April 17th. Truist Financial reduced their price objective on Red Rock Resorts from $56.00 to $45.00 and set a "hold" rating for the company in a research report on Wednesday, April 23rd. Finally, Stifel Nicolaus reduced their price objective on Red Rock Resorts from $54.00 to $44.00 and set a "hold" rating for the company in a research report on Friday, May 2nd. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.