15,460 Shares in Red Rock Resorts, Inc. (NASDAQ:RRR) Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new stake in Red Rock Resorts, Inc. (NASDAQ:RRR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 15,460 shares of the company’s stock, valued at approximately $842,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Covestor Ltd raised its holdings in Red Rock Resorts by 16,666.7% in the 1st quarter. Covestor Ltd now owns 503 shares of the company’s stock valued at $30,000 after acquiring an additional 500 shares during the last quarter. US Bancorp DE increased its holdings in shares of Red Rock Resorts by 2,223.9% in the third quarter. US Bancorp DE now owns 1,557 shares of the company’s stock valued at $85,000 after purchasing an additional 1,490 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Red Rock Resorts in the second quarter valued at approximately $98,000. nVerses Capital LLC acquired a new position in Red Rock Resorts during the second quarter worth $154,000. Finally, Mayfair Advisory Group LLC purchased a new stake in Red Rock Resorts in the 3rd quarter valued at $218,000. Institutional investors and hedge funds own 47.84% of the company’s stock.

Red Rock Resorts Price Performance

RRR stock opened at $50.84 on Friday. The business’s fifty day moving average price is $53.15 and its 200 day moving average price is $53.76. Red Rock Resorts, Inc. has a 12-month low of $43.08 and a 12-month high of $63.28. The company has a current ratio of 1.02, a quick ratio of 0.89 and a debt-to-equity ratio of 14.28. The company has a market capitalization of $5.37 billion, a PE ratio of 18.83, a P/E/G ratio of 6.38 and a beta of 2.04.

Red Rock Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 1.97%. Red Rock Resorts’s dividend payout ratio is presently 37.04%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on RRR shares. Mizuho reiterated an “outperform” rating and set a $57.00 price target (down previously from $67.00) on shares of Red Rock Resorts in a report on Tuesday, November 12th. JPMorgan Chase & Co. increased their price target on shares of Red Rock Resorts from $62.00 to $69.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Macquarie cut their price target on shares of Red Rock Resorts from $65.00 to $64.00 and set an “outperform” rating for the company in a report on Friday, November 8th. JMP Securities reiterated a “market outperform” rating and issued a $65.00 price objective on shares of Red Rock Resorts in a report on Monday, October 14th. Finally, Wells Fargo & Company cut their target price on Red Rock Resorts from $64.00 to $58.00 and set an “equal weight” rating for the company in a research note on Thursday, October 17th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Red Rock Resorts presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.50.

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.