California State Teachers Retirement System grew its position in shares of Red Rock Resorts, Inc. (NASDAQ:RRR) by 103.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 120,408 shares of the company’s stock after buying an additional 61,164 shares during the period. California State Teachers Retirement System owned approximately 0.18% of Red Rock Resorts worth $2,836,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of RRR. Parametric Portfolio Associates LLC bought a new position in Red Rock Resorts during the 1st quarter worth $1,063,000. American International Group Inc. increased its position in Red Rock Resorts by 7.2% during the 1st quarter. American International Group Inc. now owns 18,529 shares of the company’s stock worth $411,000 after buying an additional 1,241 shares during the period. Vanguard Group Inc. increased its position in Red Rock Resorts by 27.7% during the 1st quarter. Vanguard Group Inc. now owns 4,165,673 shares of the company’s stock worth $92,395,000 after buying an additional 904,273 shares during the period. Geode Capital Management LLC increased its position in Red Rock Resorts by 25.9% during the 1st quarter. Geode Capital Management LLC now owns 287,098 shares of the company’s stock worth $6,367,000 after buying an additional 59,002 shares during the period. Finally, UBS Group AG increased its position in Red Rock Resorts by 340.6% during the 1st quarter. UBS Group AG now owns 8,698 shares of the company’s stock worth $193,000 after buying an additional 6,724 shares during the period. Hedge funds and other institutional investors own 61.68% of the company’s stock.

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Several research analysts have weighed in on the company. Union Gaming Research cut Red Rock Resorts from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $28.00 to $27.00 in a research report on Thursday. Zacks Investment Research upgraded Red Rock Resorts from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 17th. BidaskClub cut Red Rock Resorts from a “sell” rating to a “strong sell” rating in a research report on Friday, September 15th. SunTrust Banks, Inc. assumed coverage on Red Rock Resorts in a research report on Thursday, September 14th. They set a “buy” rating and a $26.00 price objective on the stock. Finally, Bank of America Corporation increased their price objective on Red Rock Resorts from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $27.06.

Shares of Red Rock Resorts, Inc. (NASDAQ RRR) opened at $26.50 on Friday. The stock has a market capitalization of $3,073.80, a price-to-earnings ratio of 18.78, a PEG ratio of 14.32 and a beta of 0.80. Red Rock Resorts, Inc. has a 1-year low of $20.87 and a 1-year high of $27.31. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 4.18.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Tuesday, November 14th. Red Rock Resorts’s dividend payout ratio (DPR) is currently 90.91%.

Red Rock Resorts Company 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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