UBS Asset Management Americas Inc. bought a new position in Red Rock Resorts, Inc. (NASDAQ:RRR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,600 shares of the company’s stock, valued at approximately $250,000.

A number of other hedge funds have also bought and sold shares of the business. American International Group Inc. grew its position in Red Rock Resorts by 7.2% in the first quarter. American International Group Inc. now owns 18,529 shares of the company’s stock worth $411,000 after acquiring an additional 1,241 shares in the last quarter. Neuberger Berman Group LLC grew its position 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 in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of 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 buying an additional 3,424 shares during the last quarter. Tudor Investment Corp ET AL lifted its stake in shares of Red Rock Resorts by 15.1% in the first quarter. Tudor Investment Corp ET AL now owns 34,469 shares of the company’s stock worth $765,000 after buying an additional 4,531 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of 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 buying an additional 4,705 shares during the last quarter. 62.52% of the stock is owned by institutional investors.

A number of analysts have recently weighed in on the stock. ValuEngine upgraded shares of Red Rock Resorts from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. BidaskClub upgraded shares of Red Rock Resorts from a “strong sell” rating to a “sell” rating in a research note on Friday, September 22nd. Zacks Investment Research cut shares of Red Rock Resorts from a “hold” rating to a “strong sell” rating in a research note on Friday, August 11th. Stifel Nicolaus restated a “buy” rating and issued a $27.00 price objective on shares of Red Rock Resorts in a research note on Friday, July 14th. Finally, 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 objective for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. Red Rock Resorts presently has a consensus rating of “Buy” and a consensus target price of $26.06.

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

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