Quantbot Technologies LP Buys 15,514 Shares of Red Rock Resorts, Inc. (NASDAQ:RRR)

Quantbot Technologies LP raised its position in shares of Red Rock Resorts, Inc. (NASDAQ:RRR) by 258.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 21,512 shares of the company’s stock after acquiring an additional 15,514 shares during the period. Quantbot Technologies LP’s holdings in Red Rock Resorts were worth $995,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quarry LP boosted its position in shares of Red Rock Resorts by 479.4% during the third quarter. Quarry LP now owns 1,124 shares of the company’s stock valued at $61,000 after purchasing an additional 930 shares in the last quarter. KBC Group NV lifted 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 buying an additional 540 shares during the period. Mayfair Advisory Group LLC boosted its holdings in shares of Red Rock Resorts by 15.1% during 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 in the last quarter. Cibc World Markets Corp purchased a new stake in shares of Red Rock Resorts in the 4th quarter worth about $213,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Red Rock Resorts in the 3rd quarter worth about $233,000. Hedge funds and other institutional investors own 47.84% of the company’s stock.

Red Rock Resorts Stock Performance

Shares of NASDAQ RRR opened at $44.64 on Wednesday. The firm’s 50-day moving average price is $48.14 and its 200-day moving average price is $49.77. Red Rock Resorts, Inc. has a 52-week low of $42.33 and a 52-week high of $63.29. The company has a market cap of $4.73 billion, a PE ratio of 17.78, a PEG ratio of 4.32 and a beta of 2.01. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 14.28.

Red Rock Resorts (NASDAQ:RRR) last issued its earnings results 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, analysts anticipate that Red Rock Resorts, Inc. will post 1.76 EPS for the current year.

Red Rock Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Monday, March 17th. Red Rock Resorts’s dividend payout ratio (DPR) is presently 39.84%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on RRR shares. Susquehanna boosted their price objective on shares of Red Rock Resorts from $60.00 to $61.00 and gave the stock a “positive” rating in a research note on Wednesday, February 12th. Truist Financial dropped their price target on 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. JMP Securities reduced 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. Mizuho boosted their target price on Red Rock Resorts from $44.00 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Finally, Jefferies Financial Group restated a “hold” rating and set a $51.00 price target (down from $64.00) on shares of Red Rock Resorts in a report on Friday, January 3rd. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Red Rock Resorts presently has a consensus rating of “Hold” and a consensus price target of $57.33.

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.