Rhumbline Advisers increased its holdings in Red Rock Resorts Inc (NASDAQ:RRR) by 6.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 67,416 shares of the company’s stock after buying an additional 3,862 shares during the period. Rhumbline Advisers’ holdings in Red Rock Resorts were worth $2,258,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. lifted its position in Red Rock Resorts by 0.3% in the 1st quarter. BlackRock Inc. now owns 4,256,625 shares of the company’s stock valued at $124,633,000 after purchasing an additional 12,673 shares during the last quarter. Victory Capital Management Inc. lifted its position in Red Rock Resorts by 4.8% in the 2nd quarter. Victory Capital Management Inc. now owns 845,987 shares of the company’s stock valued at $28,340,000 after purchasing an additional 38,690 shares during the last quarter. Northern Trust Corp lifted its position in Red Rock Resorts by 5.3% in the 1st quarter. Northern Trust Corp now owns 808,710 shares of the company’s stock valued at $23,679,000 after purchasing an additional 40,926 shares during the last quarter. Scopus Asset Management L.P. bought a new stake in Red Rock Resorts in the 1st quarter valued at about $22,692,000. Finally, Schwab Charles Investment Management Inc. lifted its position in Red Rock Resorts by 21.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 491,097 shares of the company’s stock valued at $14,380,000 after purchasing an additional 88,210 shares during the last quarter. 61.30% of the stock is owned by institutional investors and hedge funds.

Several analysts recently weighed in on RRR shares. BidaskClub downgraded shares of Red Rock Resorts from a “hold” rating to a “sell” rating in a research report on Friday, September 7th. SunTrust Banks reiterated a “buy” rating and issued a $38.00 price objective on shares of Red Rock Resorts in a research report on Thursday, August 16th. ValuEngine downgraded shares of Red Rock Resorts from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. Finally, Zacks Investment Research upgraded shares of Red Rock Resorts from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Saturday, July 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. Red Rock Resorts has a consensus rating of “Hold” and an average price target of $35.30.

RRR stock opened at $30.27 on Wednesday. Red Rock Resorts Inc has a 52 week low of $22.47 and a 52 week high of $36.99. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 48.82 and a beta of 1.46. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.63 and a current ratio of 0.67.

Red Rock Resorts (NASDAQ:RRR) last released its quarterly earnings results on Tuesday, July 31st. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.08. Red Rock Resorts had a net margin of 10.74% and a return on equity of 13.23%. The company had revenue of $416.19 million for the quarter, compared to the consensus estimate of $408.46 million. research analysts expect that Red Rock Resorts Inc will post 1.4 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.32%. Red Rock Resorts’s dividend payout ratio (DPR) is 64.52%.

About Red Rock Resorts

Red Rock Resorts, Inc, through its interest in Station Holdco and Station LLC, engages in casino entertainment, and gaming and entertainment businesses in the United States. It operates through two segments, Las Vegas operations and Native American management. The company develops, manages, and operates casino entertainment properties; and owns and operates 10 gaming and entertainment facilities, and 10 smaller casinos in the Las Vegas regional market.

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

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