California Public Employees Retirement System purchased a new position in shares of Red Rock Resorts Inc (NASDAQ:RRR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,000 shares of the company’s stock, valued at approximately $212,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Red Rock Resorts by 16.0% in the second quarter. Vanguard Group Inc. now owns 4,831,772 shares of the company’s stock valued at $113,788,000 after buying an additional 666,099 shares in the last quarter. Northern Trust Corp increased its stake in shares of Red Rock Resorts by 110.7% during the 2nd quarter. Northern Trust Corp now owns 730,074 shares of the company’s stock worth $17,193,000 after purchasing an additional 383,520 shares in the last quarter. Penn Capital Management Co. Inc. increased its stake in shares of Red Rock Resorts by 35.6% during the 2nd quarter. Penn Capital Management Co. Inc. now owns 780,642 shares of the company’s stock worth $18,546,000 after purchasing an additional 204,770 shares in the last quarter. Citigroup Inc. increased its stake in shares of Red Rock Resorts by 121.0% during the 2nd quarter. Citigroup Inc. now owns 11,849 shares of the company’s stock worth $280,000 after purchasing an additional 6,488 shares in the last quarter. Finally, Menta Capital LLC purchased a new position in shares of Red Rock Resorts during the 2nd quarter worth approximately $2,803,000. 64.35% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently weighed in on RRR. Deutsche Bank raised their price objective on shares of Red Rock Resorts from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. J P Morgan Chase & Co reissued a “buy” rating and set a $33.00 price objective on shares of Red Rock Resorts in a research note on Tuesday. ValuEngine raised shares of Red Rock Resorts from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Bank of America raised their price objective on shares of Red Rock Resorts from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Finally, BidaskClub raised shares of Red Rock Resorts from a “strong sell” rating to a “sell” rating in a research note on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. Red Rock Resorts presently has a consensus rating of “Buy” and a consensus target price of $28.50.

Shares of Red Rock Resorts Inc (NASDAQ RRR) traded up $0.33 during midday trading on Friday, reaching $30.85. 394,200 shares of the company were exchanged, compared to its average volume of 675,840. Red Rock Resorts Inc has a 1 year low of $20.87 and a 1 year high of $30.91. The firm has a market capitalization of $3,580.00 and a price-to-earnings ratio of 21.69. The company has a debt-to-equity ratio of 4.41, a quick ratio of 1.26 and a current ratio of 1.29.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Wednesday, November 15th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, November 14th. This represents a $0.40 dividend on an annualized basis and a yield of 1.30%. Red Rock Resorts’s dividend payout ratio (DPR) is currently 38.83%.

ILLEGAL ACTIVITY NOTICE: This piece of content was first posted by Daily Political and is the property of of Daily Political. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of international trademark & copyright legislation. The legal version of this piece of content can be accessed at https://www.dailypolitical.com/2017/12/01/california-public-employees-retirement-system-takes-position-in-red-rock-resorts-inc-rrr.html.

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.

Want to see what other hedge funds are holding RRR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Red Rock Resorts Inc (NASDAQ:RRR).

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

Receive News & Ratings for Red Rock Resorts Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Red Rock Resorts Inc and related companies with MarketBeat.com's FREE daily email newsletter.