Sei Investments Co. decreased its holdings in Red Rock Resorts Inc (NASDAQ:RRR) by 32.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 119,782 shares of the company’s stock after selling 58,539 shares during the quarter. Sei Investments Co. owned about 0.10% of Red Rock Resorts worth $2,774,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Tudor Investment Corp ET AL lifted its stake in Red Rock Resorts by 0.6% in the second quarter. Tudor Investment Corp ET AL now owns 34,681 shares of the company’s stock worth $817,000 after acquiring an additional 212 shares during the period. Neuberger Berman Group LLC lifted its stake in Red Rock Resorts by 0.4% in the second quarter. Neuberger Berman Group LLC now owns 620,500 shares of the company’s stock worth $14,613,000 after acquiring an additional 2,500 shares during the period. PNC Financial Services Group Inc. lifted its stake in Red Rock Resorts by 1.9% in the second quarter. PNC Financial Services Group Inc. now owns 188,324 shares of the company’s stock worth $4,436,000 after acquiring an additional 3,424 shares during the period. Ameritas Investment Partners Inc. lifted its stake in Red Rock Resorts by 154.6% in the second quarter. Ameritas Investment Partners Inc. now owns 5,966 shares of the company’s stock worth $140,000 after acquiring an additional 3,623 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its stake in Red Rock Resorts by 123.3% in the second quarter. BNP Paribas Arbitrage SA now owns 8,521 shares of the company’s stock worth $201,000 after acquiring an additional 4,705 shares during the period. 64.35% of the stock is owned by institutional investors.

Red Rock Resorts Inc (NASDAQ RRR) opened at $31.11 on Friday. Red Rock Resorts Inc has a 52-week low of $20.87 and a 52-week high of $31.20. The company has a current ratio of 1.29, a quick ratio of 1.26 and a debt-to-equity ratio of 4.41. The company has a market capitalization of $3,582.98, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 18.07 and a beta of 1.54.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, November 14th. This represents a $0.40 annualized dividend and a dividend yield of 1.29%. Red Rock Resorts’s payout ratio is presently 90.91%.

Several equities analysts have commented on RRR shares. Zacks Investment Research lowered Red Rock Resorts from a “hold” rating to a “strong sell” rating in a research report on Friday, August 11th. BidaskClub raised Red Rock Resorts from a “strong sell” rating to a “sell” rating in a research report on Friday, September 22nd. Bank of America raised their price objective on Red Rock Resorts from $26.00 to $30.00 and gave the company a “buy” rating in a research report 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 report on Tuesday. Finally, ValuEngine raised Red Rock Resorts from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $28.50.

WARNING: “Red Rock Resorts Inc (RRR) Shares Sold by Sei Investments Co.” was originally published by Daily Political and is the property of of Daily Political. If you are reading this story on another domain, it was copied illegally and republished in violation of US & international trademark & copyright laws. The legal version of this story can be read at https://www.dailypolitical.com/2017/12/02/red-rock-resorts-inc-rrr-shares-sold-by-sei-investments-co.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.