Red Rock Resorts Inc (RRR) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group lowered its stake in shares of Red Rock Resorts Inc (NASDAQ:RRR) by 29.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 632,369 shares of the company’s stock after selling 263,477 shares during the period. Schroder Investment Management Group’s holdings in Red Rock Resorts were worth $21,336,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC boosted its holdings in Red Rock Resorts by 302.0% during the third quarter. Cubist Systematic Strategies LLC now owns 5,801 shares of the company’s stock worth $134,000 after buying an additional 4,358 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Red Rock Resorts by 763.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,964 shares of the company’s stock worth $134,000 after buying an additional 3,505 shares in the last quarter. Ameritas Investment Partners Inc. boosted its holdings in Red Rock Resorts by 154.6% during the second quarter. Ameritas Investment Partners Inc. now owns 5,966 shares of the company’s stock worth $140,000 after buying an additional 3,623 shares in the last quarter. Verity Asset Management Inc. acquired a new position in Red Rock Resorts during the fourth quarter worth about $211,000. Finally, California Public Employees Retirement System acquired a new position in Red Rock Resorts during the second quarter worth about $212,000. 63.32% of the stock is currently owned by hedge funds and other institutional investors.

Red Rock Resorts Inc (RRR) opened at $33.42 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.26 and a debt-to-equity ratio of 4.41. The stock has a market cap of $3,881.47, a PE ratio of 23.70, a price-to-earnings-growth ratio of 5.01 and a beta of 1.10. Red Rock Resorts Inc has a 52-week low of $20.87 and a 52-week high of $35.77.

A number of equities analysts have issued reports on RRR shares. Deutsche Bank restated a “buy” rating and set a $38.00 target price on shares of Red Rock Resorts in a research report on Thursday, December 21st. Zacks Investment Research cut shares of Red Rock Resorts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Stifel Nicolaus cut shares of Red Rock Resorts from a “buy” rating to a “hold” rating and lifted their target price for the stock from $29.00 to $37.00 in a research report on Friday. They noted that the move was a valuation call. ValuEngine upgraded shares of Red Rock Resorts from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Union Gaming Research cut shares of Red Rock Resorts from a “buy” rating to a “hold” rating and cut their target price for the stock from $28.00 to $27.00 in a research report on Thursday, November 9th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Red Rock Resorts currently has a consensus rating of “Buy” and an average price target of $32.71.

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Red Rock Resorts Company Profile

Red Rock Resorts, Inc is a gaming, development and management company. The Company’s segments include Las Vegas operations, Native American management, and Corporate and other. The Las Vegas operations segment includes all of its Las Vegas area casino properties and the Native American management segment includes its Native American management arrangements.

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Institutional Ownership by Quarter for Red Rock Resorts (NASDAQ:RRR)

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