Red Rock Resorts, Inc. (NASDAQ:RRR) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its position in shares of Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) by 61.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,326 shares of the company's stock after selling 21,465 shares during the period. Russell Investments Group Ltd.'s holdings in Red Rock Resorts were worth $616,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership boosted its stake in shares of Red Rock Resorts by 167.6% during the fourth 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 period. Vaughan Nelson Investment Management L.P. lifted its position in shares of Red Rock Resorts by 20.6% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,344,058 shares of the company's stock valued at $62,149,000 after buying an additional 229,843 shares during the last quarter. Norges Bank purchased a new stake in shares of Red Rock Resorts during the fourth quarter valued at about $5,352,000. Trexquant Investment LP acquired a new position in shares of Red Rock Resorts during the fourth quarter valued at about $5,273,000. Finally, Barclays PLC increased its holdings in shares of Red Rock Resorts by 227.9% during the third quarter. Barclays PLC now owns 78,932 shares of the company's stock valued at $4,297,000 after acquiring an additional 54,863 shares in the last quarter. Institutional investors own 47.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Susquehanna cut their price objective on shares of Red Rock Resorts from $61.00 to $52.00 and set a "positive" rating on the stock in a report on Wednesday, April 16th. JMP Securities decreased their price objective on shares of 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. Mizuho upped their price objective on shares of Red Rock Resorts from $44.00 to $52.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Barclays cut their target price on shares of Red Rock Resorts from $58.00 to $54.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Finally, Morgan Stanley cut their target price on shares of Red Rock Resorts from $45.00 to $43.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Red Rock Resorts presently has a consensus rating of "Hold" and an average price target of $54.33.

Red Rock Resorts Trading Up 0.6 %

Shares of Red Rock Resorts stock traded up $0.26 during mid-day trading on Monday, hitting $42.86. The stock had a trading volume of 403,665 shares, compared to its average volume of 567,724. The firm has a 50-day moving average of $44.00 and a two-hundred day moving average of $47.51. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 14.28. Red Rock Resorts, Inc. has a 12-month low of $35.09 and a 12-month high of $61.73. The firm has a market cap of $4.55 billion, a P/E ratio of 17.08, a price-to-earnings-growth ratio of 4.32 and a beta of 1.69.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.42 by $0.34. Red Rock Resorts had a net margin of 7.94% and a return on equity of 71.00%. Sell-side analysts forecast 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 a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.00 annualized dividend and a dividend yield of 2.33%. Red Rock Resorts's dividend payout ratio is currently 39.84%.

About Red Rock Resorts

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.