1 week Ago By Defense World Staff
Geode Capital Management LLC lessened its stake in shares of Red Rock Resorts, Inc. ( NASDAQ:RRR – Free Report ) by 0.4% in the fourth quarter, according to its most recent filing with the SEC.
The fund owned 1,166,127 shares of the company’s stock after selling 5,140 shares during the period. Geode Capital Management LLC owned about 1.10% of Red Rock Resorts worth $53,934,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of RRR. Vanguard Group Inc. increased its position in shares of Red Rock Resorts by 1.
0% in the fourth quarter. Vanguard Group Inc. now owns 5,181,146 shares of the company’s stock worth $239,576,000 after acquiring an additional 50,193 shares in the last quarter.
Vaughan Nelson Investment Management L.P. grew its position 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 worth $62,149,000 after purchasing an additional 229,843 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Red Rock Resorts by 7.
6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 621,151 shares of the company’s stock worth $28,722,000 after purchasing an additional 44,043 shares in the last quarter.
Arrowstreet Capital Limited Partnership raised its stake in Red Rock Resorts by 167.6% during 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 period.
Finally, Bank of New York Mellon Corp lifted its holdings in shares of Red Rock Resorts by 8.7% in the fourth quarter. Bank of New York Mellon Corp now owns 397,771 shares of the company’s stock valued at $18,393,000 after purchasing an additional 31,858 shares in the last quarter.
47.84% of the stock is owned by institutional investors. Analyst Ratings Changes Several research analysts recently weighed in on RRR shares.
Susquehanna upped their price target on Red Rock Resorts from $60.00 to $61.00 and gave the company a “positive” rating in a research report on Wednesday, February 12th.
Jefferies Financial Group reiterated a “hold” rating and issued a $51.00 target price (down previously from $64.00) on shares of Red Rock Resorts in a report on Friday, January 3rd.
Mizuho raised their price target on shares of Red Rock Resorts from $44.00 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th.
Truist Financial lowered their price objective on shares of Red Rock Resorts from $56.00 to $49.00 and set a “hold” rating on the stock in a research report on Tuesday, January 14th.
Finally, JMP Securities cut their target price on shares of Red Rock Resorts from $61.00 to $57.00 and set a “market outperform” rating for the company in a research report on Thursday, January 16th.
Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $57.
33. Red Rock Resorts Stock Up 0.4 % RRR stock opened at $40.
49 on Monday. The firm has a market cap of $4.29 billion, a PE ratio of 16.
13, a PEG ratio of 4.32 and a beta of 1.69.
Red Rock Resorts, Inc. has a 1 year low of $35.09 and a 1 year high of $61.
73. The company has a fifty day simple moving average of $46.17 and a 200 day simple moving average of $48.
47. 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 ( NASDAQ:RRR – Get Free Report ) last announced its quarterly earnings results on Tuesday, February 11th.
The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.
34. Red Rock Resorts had a return on equity of 71.00% and a net margin of 7.
94%. Sell-side analysts anticipate that Red Rock Resorts, Inc. will post 1.
76 EPS for the current fiscal year. Red Rock Resorts Announces Dividend The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.
25 per share. The ex-dividend date was Monday, March 17th. This represents a $1.
00 dividend on an annualized basis and a yield of 2.47%. Red Rock Resorts’s payout ratio is currently 39.
84%. Red Rock Resorts Profile ( 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.
See Also Five stocks we like better than Red Rock Resorts What Are Dividend Achievers? An Introduction Is McDonald’s Stock Serving a Value Meal to Investors? High Dividend REITs: Are They an Ideal Way to Diversify? Walgreens Comeback? Private Equity Circling for a Buyout Comparing and Trading High PE Ratio Stocks Coca-Cola Stock Looks Refreshing After the Relief Rally Receive News & Ratings for Red Rock Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Red Rock Resorts and related companies with MarketBeat.com's FREE daily email newsletter ..
