Versor Investments LP Raises Holdings in Red Rock Resorts, Inc. (NASDAQ:RRR)

Versor Investments LP lifted its holdings in Red Rock Resorts, Inc. (NASDAQ:RRR) by 52.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,100 shares of the company’s stock after buying an additional 2,100 shares during the quarter. Versor Investments LP’s holdings in Red Rock Resorts were worth $282,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Avior Wealth Management LLC boosted its position in shares of Red Rock Resorts by 3.0% during the 3rd quarter. Avior Wealth Management LLC now owns 7,898 shares of the company’s stock worth $430,000 after purchasing an additional 232 shares in the last quarter. KBC Group NV increased 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 valued at $92,000 after purchasing an additional 540 shares in the last quarter. Mayfair Advisory Group LLC lifted its stake in shares of Red Rock Resorts by 15.1% in the fourth quarter. Mayfair Advisory Group LLC now owns 4,497 shares of the company’s stock valued at $208,000 after purchasing an additional 591 shares during the period. King Luther Capital Management Corp boosted its holdings in Red Rock Resorts by 1.2% during the third quarter. King Luther Capital Management Corp now owns 64,043 shares of the company’s stock worth $3,487,000 after buying an additional 765 shares in the last quarter. Finally, Quarry LP grew its position in Red Rock Resorts by 479.4% during the third quarter. Quarry LP now owns 1,124 shares of the company’s stock worth $61,000 after buying an additional 930 shares during the period. Institutional investors and hedge funds own 47.84% of the company’s stock.

Red Rock Resorts Stock Down 1.8 %

RRR opened at $49.06 on Tuesday. The company has a market capitalization of $5.18 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 4.32 and a beta of 2.02. The company has a debt-to-equity ratio of 14.28, a current ratio of 1.02 and a quick ratio of 0.96. Red Rock Resorts, Inc. has a fifty-two week low of $42.46 and a fifty-two week high of $63.28. The business has a 50-day moving average of $48.15 and a 200-day moving average of $51.04.

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

Red Rock Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Monday, March 17th. Red Rock Resorts’s dividend payout ratio is presently 39.84%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Barclays decreased their price target on Red Rock Resorts from $65.00 to $62.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. Truist Financial reduced their price objective on Red Rock Resorts from $56.00 to $49.00 and set a “hold” rating for the company in a report on Tuesday, January 14th. Jefferies Financial Group reissued a “hold” rating and issued a $51.00 price objective (down from $64.00) on shares of Red Rock Resorts in a research note on Friday, January 3rd. Stifel Nicolaus lifted their target price on shares of Red Rock Resorts from $50.00 to $54.00 and gave the stock a “hold” rating in a research report on Wednesday, February 12th. Finally, JMP Securities lowered their price target on shares of Red Rock Resorts from $61.00 to $57.00 and set a “market outperform” rating on the stock in a research 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.com, Red Rock Resorts has an average rating of “Hold” and a consensus target price of $57.33.

About Red Rock Resorts

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.