Quantbot Technologies LP Purchases 15,514 Shares of Red Rock Resorts, Inc. (NASDAQ:RRR)

Quantbot Technologies LP lifted its position in shares of Red Rock Resorts, Inc. (NASDAQ:RRR) by 258.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,512 shares of the company’s stock after purchasing an additional 15,514 shares during the period. Quantbot Technologies LP’s holdings in Red Rock Resorts were worth $995,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Quarry LP boosted its position in Red Rock Resorts by 479.4% in the third quarter. Quarry LP now owns 1,124 shares of the company’s stock worth $61,000 after purchasing an additional 930 shares during the last quarter. KBC Group NV boosted its holdings in shares of Red Rock Resorts by 37.1% in the 4th quarter. KBC Group NV now owns 1,996 shares of the company’s stock worth $92,000 after buying an additional 540 shares during the last quarter. Mayfair Advisory Group LLC grew its position in Red Rock Resorts by 15.1% during the fourth quarter. Mayfair Advisory Group LLC now owns 4,497 shares of the company’s stock valued at $208,000 after buying an additional 591 shares during the period. Cibc World Markets Corp purchased a new stake in Red Rock Resorts during the fourth quarter worth about $213,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in Red Rock Resorts in the third quarter worth about $233,000. 47.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on RRR. Susquehanna increased their target price on shares of Red Rock Resorts from $60.00 to $61.00 and gave the company a “positive” rating in a research report on Wednesday, February 12th. Stifel Nicolaus raised their target price on Red Rock Resorts from $50.00 to $54.00 and gave the stock a “hold” rating in a research report on Wednesday, February 12th. Mizuho upped their price target on Red Rock Resorts from $44.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Jefferies Financial Group reissued a “hold” rating and issued a $51.00 price objective (down previously from $64.00) on shares of Red Rock Resorts in a report on Friday, January 3rd. Finally, JMP Securities dropped their price objective on shares of Red Rock Resorts from $61.00 to $57.00 and set a “market outperform” rating on the stock in a report on Thursday, January 16th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $57.33.

Red Rock Resorts Trading Down 1.1 %

Shares of RRR opened at $44.64 on Wednesday. The firm has a fifty day simple moving average of $48.14 and a two-hundred day simple moving average of $49.77. Red Rock Resorts, Inc. has a twelve month low of $42.33 and a twelve month high of $63.29. The stock has a market capitalization of $4.73 billion, a P/E ratio of 17.78, a PEG ratio of 4.32 and a beta of 2.01. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 14.28.

Red Rock Resorts (NASDAQ:RRR) last posted its earnings results on Tuesday, February 11th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.34. Red Rock Resorts had a return on equity of 71.00% and a net margin of 7.94%. On average, research analysts anticipate that Red Rock Resorts, Inc. will post 1.76 EPS for the current year.

Red Rock Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.24%. Red Rock Resorts’s dividend payout ratio is presently 39.84%.

Red Rock Resorts Company Profile

Red Rock Resorts, Inc, through its interest in Station Casinos LLC, develops and operates casino and entertainment properties in the United States. The company owns and operates gaming and entertainment facilities, including Durango Casino & Resort and smaller casinos in the Las Vegas regional market.