Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys Shares of 12,017 Red Rock Resorts, Inc. $RRR

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Red Rock Resorts, Inc. (NASDAQ:RRR) in the 4th quarter, Holdings Channel.com reports. The fund bought 12,017 shares of the company’s stock, valued at approximately $744,000.

Several other hedge funds have also recently added to or reduced their stakes in RRR. AQR Capital Management LLC purchased a new position in Red Rock Resorts during the 1st quarter valued at about $308,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Red Rock Resorts by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,272 shares of the company’s stock valued at $1,270,000 after acquiring an additional 1,282 shares in the last quarter. Millennium Management LLC increased its holdings in Red Rock Resorts by 56.2% during the 1st quarter. Millennium Management LLC now owns 430,150 shares of the company’s stock valued at $18,656,000 after acquiring an additional 154,839 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Red Rock Resorts by 4.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 106,275 shares of the company’s stock valued at $4,609,000 after acquiring an additional 4,699 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Red Rock Resorts by 9.1% during the second quarter. American Century Companies Inc. now owns 25,884 shares of the company’s stock worth $1,347,000 after buying an additional 2,166 shares in the last quarter. 47.84% of the stock is currently owned by hedge funds and other institutional investors.

Red Rock Resorts Price Performance

RRR opened at $59.77 on Wednesday. The company’s 50 day simple moving average is $55.26 and its 200 day simple moving average is $58.87. The company has a debt-to-equity ratio of 14.42, a quick ratio of 0.76 and a current ratio of 0.81. Red Rock Resorts, Inc. has a 1 year low of $47.56 and a 1 year high of $68.99. The stock has a market capitalization of $6.28 billion, a PE ratio of 19.22, a P/E/G ratio of 4.40 and a beta of 1.36.

Red Rock Resorts (NASDAQ:RRR) last released its earnings results on Wednesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.17). Red Rock Resorts had a return on equity of 61.67% and a net margin of 9.21%.The company had revenue of $507.32 million during the quarter, compared to analyst estimates of $505.63 million. During the same period in the prior year, the business posted $0.75 earnings per share. Red Rock Resorts’s revenue was up 1.9% on a year-over-year basis. As a group, sell-side analysts expect that Red Rock Resorts, Inc. will post 1.53 EPS for the current year.

Red Rock Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.26 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.04 annualized dividend and a dividend yield of 1.7%. Red Rock Resorts’s dividend payout ratio (DPR) is currently 33.44%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on RRR shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $72.00 price target on shares of Red Rock Resorts in a report on Thursday, April 30th. Zacks Research downgraded shares of Red Rock Resorts from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th. Morgan Stanley set a $59.00 price target on shares of Red Rock Resorts in a report on Wednesday, May 6th. Jefferies Financial Group lowered their price target on shares of Red Rock Resorts from $79.00 to $74.00 and set a “buy” rating for the company in a report on Monday, April 6th. Finally, Citigroup lowered their price target on shares of Red Rock Resorts from $76.00 to $62.00 and set a “buy” rating for the company in a report on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $67.53.

Red Rock Resorts Profile

Red Rock Resorts, Inc (NASDAQ: RRR) is a publicly traded gaming and hospitality company headquartered in Summerlin, Nevada. The company owns and operates a diversified portfolio of full-service casino resorts and neighborhood gaming properties in the Las Vegas valley. Its core business activities include resort hotel accommodations, casino gaming, food and beverage operations, entertainment and convention services designed to meet the needs of both leisure and business travelers.

The company’s flagship resort, Red Rock Casino Resort & Spa, features a full range of table games, slot machines, a luxury spa, convention space, multiple signature restaurants and live entertainment venues.