Semanteon Capital Management LP Invests $1.48 Million in Red Rock Resorts, Inc. (NASDAQ:RRR)

Semanteon Capital Management LP purchased a new stake in Red Rock Resorts, Inc. (NASDAQ:RRR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 31,977 shares of the company’s stock, valued at approximately $1,479,000. Red Rock Resorts makes up about 0.8% of Semanteon Capital Management LP’s portfolio, making the stock its 8th biggest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP grew its stake in Red Rock Resorts by 479.4% during the 3rd quarter. Quarry LP now owns 1,124 shares of the company’s stock valued at $61,000 after acquiring an additional 930 shares in the last quarter. KBC Group NV grew its position in Red Rock Resorts by 37.1% during the fourth 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. Y Intercept Hong Kong Ltd purchased a new position in Red Rock Resorts during the third quarter valued at approximately $233,000. Mayfair Advisory Group LLC increased its stake in Red Rock Resorts by 15.1% in the 4th 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. Finally, Cibc World Markets Corp purchased a new stake in Red Rock Resorts in the 4th quarter worth approximately $213,000. Institutional investors and hedge funds own 47.84% of the company’s stock.

Analyst Ratings Changes

RRR has been the topic of a number of research reports. Stifel Nicolaus upped their price target on shares of Red Rock Resorts from $50.00 to $54.00 and gave the stock a “hold” rating in a research note on Wednesday, February 12th. Susquehanna upped their target price on Red Rock Resorts from $60.00 to $61.00 and gave the stock a “positive” rating in a research report on Wednesday, February 12th. Mizuho lifted their price target on Red Rock Resorts from $44.00 to $52.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. JMP Securities dropped their price objective on 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. Finally, Truist Financial cut their price objective on shares of Red Rock Resorts from $56.00 to $49.00 and set a “hold” rating on the stock in a research report on Tuesday, January 14th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $57.33.

Red Rock Resorts Trading Down 0.9 %

Shares of RRR stock opened at $44.93 on Friday. The firm has a market capitalization of $4.76 billion, a P/E ratio of 17.90, a price-to-earnings-growth ratio of 4.32 and a beta of 2.01. Red Rock Resorts, Inc. has a 1 year low of $42.33 and a 1 year high of $63.29. The firm’s fifty day simple moving average is $48.10 and its 200 day simple moving average is $50.13. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 14.28.

Red Rock Resorts (NASDAQ:RRR) last posted its quarterly earnings data 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 net margin of 7.94% and a return on equity of 71.00%. As a group, sell-side analysts predict that Red Rock Resorts, Inc. will post 1.76 EPS for the current year.

Red Rock Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.25 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.23%. Red Rock Resorts’s dividend payout ratio is currently 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.