Ameritas Investment Partners Inc. Acquires 3,623 Shares of Red Rock Resorts, Inc. (RRR)
Ameritas Investment Partners Inc. lifted its holdings in shares of Red Rock Resorts, Inc. (NASDAQ:RRR) by 154.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,966 shares of the company’s stock after buying an additional 3,623 shares during the period. Ameritas Investment Partners Inc.’s holdings in Red Rock Resorts were worth $140,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Advisor Group Inc. grew its position in Red Rock Resorts by 7,476.6% in the 2nd quarter. Advisor Group Inc. now owns 8,107 shares of the company’s stock worth $191,000 after purchasing an additional 8,000 shares during the last quarter. UBS Group AG grew its position in Red Rock Resorts by 340.6% in the 1st quarter. UBS Group AG now owns 8,698 shares of the company’s stock worth $193,000 after purchasing an additional 6,724 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in Red Rock Resorts by 123.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,521 shares of the company’s stock worth $201,000 after purchasing an additional 4,705 shares during the last quarter. Amalgamated Bank bought a new position in Red Rock Resorts in the 2nd quarter worth about $208,000. Finally, California Public Employees Retirement System bought a new position in Red Rock Resorts in the 2nd quarter worth about $212,000. 61.68% of the stock is owned by institutional investors and hedge funds.
Shares of Red Rock Resorts, Inc. (RRR) opened at $24.73 on Monday. The firm has a market cap of $2,870.66, a P/E ratio of 17.29, a PEG ratio of 12.78 and a beta of 0.80. Red Rock Resorts, Inc. has a one year low of $20.87 and a one year high of $25.15. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 4.18.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Tuesday, November 14th. Red Rock Resorts’s dividend payout ratio is currently 83.33%.
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Several research analysts have commented on RRR shares. Stifel Nicolaus restated a “buy” rating and issued a $28.00 target price (up previously from $27.00) on shares of Red Rock Resorts in a research report on Tuesday, October 10th. Zacks Investment Research cut shares of Red Rock Resorts from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. SunTrust Banks, Inc. assumed coverage on shares of Red Rock Resorts in a research note on Thursday, September 14th. They issued a “buy” rating and a $26.00 price target for the company. BidaskClub lowered shares of Red Rock Resorts from a “sell” rating to a “strong sell” rating in a research note on Friday, September 15th. Finally, ValuEngine raised shares of Red Rock Resorts from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $26.50.
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.
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