SG Americas Securities LLC Has $1.57 Million Stock Position in Red Rock Resorts, Inc. $RRR

SG Americas Securities LLC boosted its holdings in Red Rock Resorts, Inc. (NASDAQ:RRR) by 135.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,397 shares of the company’s stock after purchasing an additional 14,608 shares during the quarter. SG Americas Securities LLC’s holdings in Red Rock Resorts were worth $1,573,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Strs Ohio acquired a new position in Red Rock Resorts in the third quarter valued at about $37,000. GAMMA Investing LLC increased its holdings in Red Rock Resorts by 53.8% in the 4th quarter. GAMMA Investing LLC now owns 752 shares of the company’s stock valued at $47,000 after buying an additional 263 shares during the period. Canada Pension Plan Investment Board bought a new position in Red Rock Resorts in the 2nd quarter valued at about $94,000. Russell Investments Group Ltd. raised its position in shares of Red Rock Resorts by 1,385.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,872 shares of the company’s stock valued at $97,000 after buying an additional 1,746 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Red Rock Resorts during the 3rd quarter worth approximately $136,000. Institutional investors own 47.84% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on RRR shares. UBS Group set a $73.00 target price on Red Rock Resorts in a research note on Wednesday, December 24th. Citizens Jmp lifted their price target on Red Rock Resorts from $65.00 to $68.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 14th. Benchmark initiated coverage on Red Rock Resorts in a research report on Monday, March 23rd. They set a “buy” rating and a $67.00 price objective for the company. Mizuho set a $77.00 price objective on Red Rock Resorts in a research note on Wednesday, February 11th. Finally, Barclays lifted their target price on Red Rock Resorts from $65.00 to $69.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $70.50.

Red Rock Resorts Stock Performance

NASDAQ RRR opened at $55.74 on Tuesday. The firm’s fifty day moving average price is $60.15 and its two-hundred day moving average price is $59.73. The stock has a market cap of $5.85 billion, a PE ratio of 17.81, a PEG ratio of 2.29 and a beta of 1.48. The company has a debt-to-equity ratio of 10.26, a quick ratio of 0.74 and a current ratio of 0.79. Red Rock Resorts, Inc. has a fifty-two week low of $35.09 and a fifty-two week high of $68.99.

Red Rock Resorts (NASDAQ:RRR) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.34. The firm had revenue of $511.78 million for the quarter, compared to analyst estimates of $500.90 million. Red Rock Resorts had a return on equity of 58.13% and a net margin of 9.35%.The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period last year, the firm posted $0.76 earnings per share. On average, equities analysts expect that Red Rock Resorts, Inc. will post 1.76 EPS for the current fiscal year.

Red Rock Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $1.04 dividend on an annualized basis and a yield of 1.9%. Red Rock Resorts’s dividend payout ratio is 33.23%.

About Red Rock Resorts

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.