Dimensional Fund Advisors LP Trims Stock Holdings in Red Rock Resorts, Inc. (NASDAQ:RRR)

Dimensional Fund Advisors LP lowered its holdings in Red Rock Resorts, Inc. (NASDAQ:RRR – Get Rating) by 4.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 570,851 shares of the company’s stock after selling 25,292 shares during the period. Dimensional Fund Advisors LP owned about 0.53% of Red Rock Resorts worth $19,560,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in Red Rock Resorts by 32.9% during the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 13,413 shares of the company’s stock valued at $459,000 after buying an additional 3,324 shares in the last quarter. AdvisorShares Investments LLC raised its stake in Red Rock Resorts by 56.3% during the second quarter. AdvisorShares Investments LLC now owns 22,375 shares of the company’s stock valued at $747,000 after buying an additional 8,059 shares in the last quarter. Seven Eight Capital LP acquired a new stake in Red Rock Resorts during the third quarter valued at approximately $237,000. Long Pond Capital LP acquired a new stake in Red Rock Resorts during the second quarter valued at approximately $27,421,000. Finally, Nisa Investment Advisors LLC raised its stake in Red Rock Resorts by 16.6% during the second quarter. Nisa Investment Advisors LLC now owns 4,910 shares of the company’s stock valued at $164,000 after buying an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 52.45% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. JMP Securities increased their price target on Red Rock Resorts from $50.00 to $51.00 and gave the stock a “market outperform” rating in a research report on Friday, January 20th. StockNews.com upgraded Red Rock Resorts from a “hold” rating to a “buy” rating in a research report on Thursday, February 9th. JPMorgan Chase & Co. increased their price target on Red Rock Resorts from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 8th. Deutsche Bank Aktiengesellschaft increased their price target on Red Rock Resorts from $51.00 to $53.00 in a research report on Wednesday, February 8th. Finally, Morgan Stanley began coverage on Red Rock Resorts in a research report on Monday, November 21st. They set an “overweight” rating and a $52.00 price target on the stock. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $48.58.

Red Rock Resorts Stock Performance

RRR opened at $43.68 on Tuesday. The firm has a market cap of $4.55 billion, a PE ratio of 13.04, a P/E/G ratio of 20.77 and a beta of 2.19. The company has a quick ratio of 0.71, a current ratio of 0.75 and a debt-to-equity ratio of 91.76. The business has a fifty day simple moving average of $44.28 and a 200-day simple moving average of $41.62. Red Rock Resorts, Inc. has a fifty-two week low of $30.98 and a fifty-two week high of $50.55.

Red Rock Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend is Tuesday, March 14th. Red Rock Resorts’s dividend payout ratio is presently 29.85%.

Red Rock Resorts Company Profile

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Red Rock Resorts, Inc is a holding company engaged in the management and development of gaming and entertainment facilities. The firm operates through the following segments: Las Vegas Operations and Native American Management. Its amenities include restaurants, entertainment venues, movie theatres, bowling and convention or banquet spaces, as well as traditional casino gaming offerings such as video poker, slot machines, table games, bingo and race and sports wagering.