Red Rock Resorts Inc (RRR) Shares Bought by MARSHALL WACE ASIA Ltd

MARSHALL WACE ASIA Ltd increased its stake in Red Rock Resorts Inc (NASDAQ:RRR) by 61.0% during the third quarter, HoldingsChannel.com reports. The firm owned 1,267,940 shares of the company’s stock after purchasing an additional 480,249 shares during the quarter. MARSHALL WACE ASIA Ltd’s holdings in Red Rock Resorts were worth $33,790,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. American Century Companies Inc. raised its holdings in Red Rock Resorts by 775.7% during the third quarter. American Century Companies Inc. now owns 1,779,473 shares of the company’s stock valued at $47,423,000 after acquiring an additional 1,576,277 shares during the period. Cohen & Steers Inc. raised its holdings in Red Rock Resorts by 29.0% during the third quarter. Cohen & Steers Inc. now owns 5,753,425 shares of the company’s stock valued at $153,329,000 after acquiring an additional 1,293,107 shares during the period. Diamond Hill Capital Management Inc. raised its holdings in Red Rock Resorts by 24.2% during the third quarter. Diamond Hill Capital Management Inc. now owns 5,942,846 shares of the company’s stock valued at $158,377,000 after acquiring an additional 1,157,769 shares during the period. Millennium Management LLC raised its holdings in Red Rock Resorts by 78.0% during the second quarter. Millennium Management LLC now owns 1,772,281 shares of the company’s stock valued at $59,371,000 after acquiring an additional 776,617 shares during the period. Finally, Marshall Wace LLP bought a new stake in Red Rock Resorts during the second quarter valued at about $20,864,000. 64.28% of the stock is currently owned by institutional investors.

RRR has been the topic of a number of recent analyst reports. Zacks Investment Research cut Red Rock Resorts from a “hold” rating to a “sell” rating in a report on Friday, October 5th. BidaskClub cut Red Rock Resorts from a “hold” rating to a “sell” rating in a report on Friday, September 7th. SunTrust Banks reissued a “buy” rating and set a $38.00 price target on shares of Red Rock Resorts in a report on Thursday, August 16th. ValuEngine cut Red Rock Resorts from a “hold” rating to a “sell” rating in a report on Tuesday, November 20th. Finally, TheStreet cut Red Rock Resorts from a “b-” rating to a “c” rating in a report on Monday, September 24th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $35.71.

Shares of Red Rock Resorts stock traded down $0.06 during trading on Thursday, reaching $24.26. 739,800 shares of the stock traded hands, compared to its average volume of 741,204. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 39.13 and a beta of 1.70. The company has a quick ratio of 0.68, a current ratio of 0.72 and a debt-to-equity ratio of 3.29. Red Rock Resorts Inc has a 52-week low of $21.20 and a 52-week high of $36.99.

Red Rock Resorts (NASDAQ:RRR) last issued its quarterly earnings data on Wednesday, November 7th. The company reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.04). The firm had revenue of $412.30 million for the quarter, compared to analysts’ expectations of $409.03 million. Red Rock Resorts had a net margin of 10.84% and a return on equity of 12.27%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.16 EPS. On average, equities analysts expect that Red Rock Resorts Inc will post 1.13 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 1st. Stockholders of record on Friday, December 14th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.65%. Red Rock Resorts’s payout ratio is 64.52%.

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Red Rock Resorts Company Profile

Red Rock Resorts, Inc, through its interest in Station Holdco and Station LLC, engages in casino entertainment, and gaming and entertainment businesses in the United States. It operates through two segments, Las Vegas operations and Native American management. The company develops, manages, and operates casino entertainment properties; and owns and operates 10 gaming and entertainment facilities, and 10 smaller casinos in the Las Vegas regional market.

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

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