Rhumbline Advisers decreased its stake in shares of Red Rock Resorts Inc (NASDAQ:RRR) by 15.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 63,992 shares of the company’s stock after selling 11,816 shares during the quarter. Rhumbline Advisers’ holdings in Red Rock Resorts were worth $2,159,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Swiss National Bank raised its position in Red Rock Resorts by 2.5% in the fourth quarter. Swiss National Bank now owns 116,100 shares of the company’s stock worth $3,917,000 after acquiring an additional 2,800 shares during the period. American International Group Inc. raised its position in Red Rock Resorts by 8.1% in the third quarter. American International Group Inc. now owns 45,572 shares of the company’s stock worth $1,055,000 after acquiring an additional 3,408 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Red Rock Resorts by 763.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,964 shares of the company’s stock worth $134,000 after acquiring an additional 3,505 shares during the period. Legal & General Group Plc raised its position in Red Rock Resorts by 23.5% in the third quarter. Legal & General Group Plc now owns 20,632 shares of the company’s stock worth $477,000 after acquiring an additional 3,924 shares during the period. Finally, Cubist Systematic Strategies LLC raised its position in Red Rock Resorts by 302.0% in the third quarter. Cubist Systematic Strategies LLC now owns 5,801 shares of the company’s stock worth $134,000 after acquiring an additional 4,358 shares during the period. Institutional investors own 63.22% of the company’s stock.

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Shares of RRR stock opened at $31.25 on Wednesday. The company has a debt-to-equity ratio of 4.06, a current ratio of 1.43 and a quick ratio of 1.38. The stock has a market cap of $3,634.24, a price-to-earnings ratio of 74.40 and a beta of 1.15. Red Rock Resorts Inc has a 52 week low of $21.07 and a 52 week high of $35.77.

Red Rock Resorts (NASDAQ:RRR) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.07. The firm had revenue of $394.02 million during the quarter, compared to analysts’ expectations of $406.75 million. Red Rock Resorts had a net margin of 2.18% and a return on equity of 16.11%. research analysts anticipate that Red Rock Resorts Inc will post 1.19 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.28%. Red Rock Resorts’s dividend payout ratio (DPR) is presently 95.24%.

Several research firms have weighed in on RRR. Zacks Investment Research downgraded shares of Red Rock Resorts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 10th. BidaskClub downgraded shares of Red Rock Resorts from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Telsey Advisory Group began coverage on shares of Red Rock Resorts in a research report on Tuesday, March 13th. They issued a “market perform” rating and a $32.00 price target on the stock. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $33.00 price target on shares of Red Rock Resorts in a research report on Tuesday, November 28th. Finally, ValuEngine upgraded shares of Red Rock Resorts from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $32.75.

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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.

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

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