Vaughan Nelson Investment Management L.P. Boosts Holdings in Red Rock Resorts, Inc. (NASDAQ:RRR)

Vaughan Nelson Investment Management L.P. lifted its holdings in Red Rock Resorts, Inc. (NASDAQ:RRR) by 20.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,344,058 shares of the company’s stock after purchasing an additional 229,843 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 1.27% of Red Rock Resorts worth $62,149,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Entropy Technologies LP purchased a new stake in Red Rock Resorts during the 4th quarter worth about $366,000. Hantz Financial Services Inc. grew its position in shares of Red Rock Resorts by 3.4% during the fourth quarter. Hantz Financial Services Inc. now owns 272,884 shares of the company’s stock worth $12,618,000 after buying an additional 9,002 shares in the last quarter. KBC Group NV increased its stake in shares of Red Rock Resorts by 37.1% during the fourth 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 period. Avior Wealth Management LLC lifted its stake in Red Rock Resorts by 11.8% in the fourth quarter. Avior Wealth Management LLC now owns 8,828 shares of the company’s stock worth $408,000 after acquiring an additional 930 shares during the last quarter. Finally, Mayfair Advisory Group LLC grew its holdings in Red Rock Resorts by 15.1% during the 4th quarter. Mayfair Advisory Group LLC now owns 4,497 shares of the company’s stock worth $208,000 after acquiring an additional 591 shares in the last quarter. 47.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Mizuho lowered shares of Red Rock Resorts from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $57.00 to $44.00 in a report on Monday, November 25th. Barclays cut 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. JMP Securities lowered their price objective on Red Rock Resorts from $61.00 to $57.00 and set a “market outperform” rating for the company in a research report on Thursday, January 16th. Wells Fargo & Company cut their target price on Red Rock Resorts from $64.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 17th. Finally, Susquehanna lowered their price target on Red Rock Resorts from $66.00 to $60.00 and set a “positive” rating for the company in a report on Tuesday, February 4th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Red Rock Resorts has a consensus rating of “Hold” and an average target price of $57.25.

Red Rock Resorts Price Performance

RRR stock opened at $49.25 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 14.28. The company has a market capitalization of $5.20 billion, a P/E ratio of 18.24, a PEG ratio of 5.28 and a beta of 2.02. The business has a 50 day simple moving average of $47.31 and a 200-day simple moving average of $51.47. Red Rock Resorts, Inc. has a twelve month low of $42.46 and a twelve month high of $63.28.

Red Rock Resorts (NASDAQ:RRR) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.11. The firm had revenue of $468.02 million during the quarter, compared to analysts’ expectations of $460.73 million. Red Rock Resorts had a net margin of 8.59% and a return on equity of 73.20%. During the same quarter in the prior year, the business earned $0.60 EPS. As a group, equities analysts anticipate that Red Rock Resorts, Inc. will post 1.44 EPS for the current year.

Red Rock Resorts 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.