Voya Investment Management LLC lessened its holdings in Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) by 21.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 123,475 shares of the company's stock after selling 34,052 shares during the quarter. Voya Investment Management LLC owned 0.12% of Red Rock Resorts worth $5,709,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of RRR. Long Pond Capital LP boosted its holdings in shares of Red Rock Resorts by 142.5% during the 4th quarter. Long Pond Capital LP now owns 1,474,153 shares of the company's stock valued at $68,165,000 after buying an additional 866,320 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Red Rock Resorts by 167.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 422,447 shares of the company's stock worth $19,534,000 after buying an additional 264,609 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in Red Rock Resorts by 20.6% during 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 buying an additional 229,843 shares in the last quarter. Norges Bank bought a new stake in Red Rock Resorts during the fourth quarter worth approximately $5,352,000. Finally, Trexquant Investment LP bought a new stake in shares of Red Rock Resorts in the 4th quarter valued at approximately $5,273,000. 47.84% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. Susquehanna reduced 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. Truist Financial cut their target price on shares of Red Rock Resorts from $56.00 to $45.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd. Mizuho dropped their target price on shares of Red Rock Resorts from $52.00 to $50.00 and set a "neutral" rating for the company in a report on Friday. Macquarie reissued an "outperform" rating and set a $58.00 price target on shares of Red Rock Resorts in a research report on Friday. Finally, Stifel Nicolaus cut their target price on Red Rock Resorts from $54.00 to $44.00 and set a "hold" rating for the company in a research note on Friday. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Red Rock Resorts has an average rating of "Hold" and a consensus target price of $52.83.
Get Our Latest Analysis on RRR
Red Rock Resorts Stock Performance
Shares of Red Rock Resorts stock traded down $0.08 during trading hours on Tuesday, reaching $43.60. The company's stock had a trading volume of 46,269 shares, compared to its average volume of 572,137. The company's 50 day simple moving average is $43.20 and its 200 day simple moving average is $47.18. The stock has a market cap of $4.62 billion, a P/E ratio of 17.38, a price-to-earnings-growth ratio of 4.32 and a beta of 1.64. The company has a debt-to-equity ratio of 14.28, a quick ratio of 0.96 and a current ratio of 1.02. Red Rock Resorts, Inc. has a one year low of $35.09 and a one year high of $61.73.
Red Rock Resorts (NASDAQ:RRR - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.33. The business had revenue of $497.86 million during the quarter, compared to analysts' expectations of $499.12 million. Red Rock Resorts had a return on equity of 71.00% and a net margin of 7.94%. The company's quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the business posted $0.68 earnings per share. As a group, analysts expect that Red Rock Resorts, Inc. will post 1.76 EPS for the current fiscal year.
Red Rock Resorts Dividend Announcement
The firm also recently announced an annual dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 14th will be paid a dividend of $1.00 per share. The ex-dividend date is Wednesday, May 14th. This represents a yield of 2.29%. Red Rock Resorts's dividend payout ratio (DPR) is presently 38.76%.
About Red Rock Resorts
(
Free Report)
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.
Featured Stories
Before you consider Red Rock Resorts, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Red Rock Resorts wasn't on the list.
While Red Rock Resorts currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
