Oppenheimer Asset Management Inc. lowered its stake in shares of Red Rock Resorts, Inc. (NASDAQ:RRR) by 0.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,548 shares of the company’s stock after selling 264 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Red Rock Resorts were worth $719,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of RRR. Nationwide Fund Advisors grew its position in Red Rock Resorts by 6.8% during the first quarter. Nationwide Fund Advisors now owns 280,185 shares of the company’s stock valued at $6,215,000 after buying an additional 17,730 shares during the period. Wells Fargo & Company MN grew its position in Red Rock Resorts by 119.7% during the first quarter. Wells Fargo & Company MN now owns 81,721 shares of the company’s stock valued at $1,813,000 after buying an additional 44,523 shares during the period. US Bancorp DE bought a new position in Red Rock Resorts during the first quarter valued at about $495,000. Bank of New York Mellon Corp grew its position in Red Rock Resorts by 9.9% during the first quarter. Bank of New York Mellon Corp now owns 387,420 shares of the company’s stock valued at $8,593,000 after buying an additional 34,778 shares during the period. Finally, Swiss National Bank grew its position in Red Rock Resorts by 33.7% during the first quarter. Swiss National Bank now owns 68,300 shares of the company’s stock valued at $1,515,000 after buying an additional 17,200 shares during the period. Institutional investors own 62.52% of the company’s stock.

Red Rock Resorts, Inc. (NASDAQ RRR) opened at 22.65 on Thursday. Red Rock Resorts, Inc. has a 12 month low of $20.84 and a 12 month high of $24.67. The firm’s 50-day moving average is $22.65 and its 200-day moving average is $22.27. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 57.63 and a beta of 0.69.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date was Friday, August 11th. Red Rock Resorts’s dividend payout ratio (DPR) is 83.33%.

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Several research firms recently weighed in on RRR. Stifel Nicolaus restated a “buy” rating and set a $27.00 price target on shares of Red Rock Resorts in a research report on Friday, July 14th. Bank of America Corporation reiterated a “buy” rating and set a $26.00 target price (up previously from $24.50) on shares of Red Rock Resorts in a research report on Monday, June 5th. Zacks Investment Research lowered shares of Red Rock Resorts from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Finally, ValuEngine upgraded shares of Red Rock Resorts from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $26.25.

Red Rock Resorts Profile

Red Rock Resorts, Inc is a gaming, development and management company. The Company’s segments include Las Vegas operations, Native American management, and Corporate and other. The Las Vegas operations segment includes all of its Las Vegas area casino properties and the Native American management segment includes its Native American management arrangements.

Institutional Ownership by Quarter for Red Rock Resorts (NASDAQ:RRR)

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