Red Rock Resorts, Inc. (NASDAQ:RRR) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC cut its holdings in shares of Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) by 9.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 122,372 shares of the company's stock after selling 13,350 shares during the quarter. Squarepoint Ops LLC owned 0.12% of Red Rock Resorts worth $5,658,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Long Pond Capital LP increased its position in shares of Red Rock Resorts by 142.5% in the 4th quarter. Long Pond Capital LP now owns 1,474,153 shares of the company's stock valued at $68,165,000 after purchasing an additional 866,320 shares during the last quarter. Bamco Inc. NY increased its position in shares of Red Rock Resorts by 6.9% in the 4th quarter. Bamco Inc. NY now owns 11,356,201 shares of the company's stock valued at $525,111,000 after purchasing an additional 732,917 shares during the last quarter. Eminence Capital LP increased its position in shares of Red Rock Resorts by 36.1% in the 4th quarter. Eminence Capital LP now owns 2,056,588 shares of the company's stock valued at $95,097,000 after purchasing an additional 546,047 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Red Rock Resorts by 167.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 422,447 shares of the company's stock valued at $19,534,000 after purchasing an additional 264,609 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its position in shares of Red Rock Resorts by 20.6% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,344,058 shares of the company's stock valued at $62,149,000 after purchasing an additional 229,843 shares during the last quarter. 47.84% of the stock is currently owned by institutional investors and hedge funds.

Red Rock Resorts Stock Performance

Red Rock Resorts stock traded down $0.21 during midday trading on Friday, hitting $48.62. 100,167 shares of the company's stock were exchanged, compared to its average volume of 581,835. Red Rock Resorts, Inc. has a 12-month low of $35.09 and a 12-month high of $61.73. 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 stock has a market cap of $5.16 billion, a price-to-earnings ratio of 19.37, a price-to-earnings-growth ratio of 4.32 and a beta of 1.64. The firm's 50 day simple moving average is $43.42 and its 200 day simple moving average is $46.49.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.33. Red Rock Resorts had a net margin of 7.94% and a return on equity of 71.00%. The company had revenue of $497.86 million for the quarter, compared to the consensus estimate of $499.12 million. During the same period last year, the firm posted $0.68 EPS. Red Rock Resorts's revenue for the quarter was up 1.8% on a year-over-year basis. Equities research analysts predict that Red Rock Resorts, Inc. will post 1.76 EPS 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 given a dividend of $1.00 per share. This represents a yield of 2.29%. The ex-dividend date of this dividend is Monday, June 16th. Red Rock Resorts's payout ratio is currently 38.76%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Macquarie reissued an "outperform" rating and issued a $58.00 price objective on shares of Red Rock Resorts in a research report on Friday, May 2nd. Mizuho dropped their target price on shares of Red Rock Resorts from $52.00 to $50.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Truist Financial dropped their target price on shares of Red Rock Resorts from $56.00 to $45.00 and set a "hold" rating on the stock in a research report on Wednesday, April 23rd. Susquehanna dropped their target price on shares of Red Rock Resorts from $61.00 to $52.00 and set a "positive" rating on the stock in a research report on Wednesday, April 16th. Finally, Stifel Nicolaus dropped their target price on shares of 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. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" 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.