NumerixS Investment Technologies Inc Sells 5,500 Shares of Red Rock Resorts Inc (RRR)

NumerixS Investment Technologies Inc lowered its position in shares of Red Rock Resorts Inc (NASDAQ:RRR) by 58.5% in the fourth quarter, Holdings Channel reports. The fund owned 3,900 shares of the company’s stock after selling 5,500 shares during the period. NumerixS Investment Technologies Inc’s holdings in Red Rock Resorts were worth $78,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in RRR. Diamond Hill Capital Management Inc. increased its holdings in shares of Red Rock Resorts by 10.6% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 6,572,518 shares of the company’s stock valued at $133,488,000 after acquiring an additional 629,672 shares in the last quarter. Eagle Asset Management Inc. boosted its position in shares of Red Rock Resorts by 20.2% during the fourth quarter. Eagle Asset Management Inc. now owns 440,700 shares of the company’s stock valued at $8,950,000 after buying an additional 74,166 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Red Rock Resorts by 17.4% during the fourth quarter. Bank of New York Mellon Corp now owns 533,719 shares of the company’s stock valued at $10,839,000 after buying an additional 79,099 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Red Rock Resorts by 46.9% during the fourth quarter. Rhumbline Advisers now owns 92,466 shares of the company’s stock valued at $1,878,000 after buying an additional 29,522 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS boosted its position in shares of Red Rock Resorts by 21.4% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 304,695 shares of the company’s stock valued at $6,188,000 after buying an additional 53,770 shares during the last quarter. 64.11% of the stock is owned by hedge funds and other institutional investors.

RRR stock opened at $26.50 on Friday. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.74 and a current ratio of 0.79. Red Rock Resorts Inc has a 1-year low of $18.78 and a 1-year high of $36.99. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 20.23 and a beta of 2.17.

Red Rock Resorts (NASDAQ:RRR) last posted its quarterly earnings data on Tuesday, February 12th. The company reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.01. Red Rock Resorts had a return on equity of 12.06% and a net margin of 9.37%. The business had revenue of $431.47 million for the quarter, compared to analysts’ expectations of $408.61 million. During the same quarter in the previous year, the firm earned $0.35 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. As a group, research analysts predict that Red Rock Resorts Inc will post 1.2 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Thursday, March 14th will be given a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, March 13th. This represents a $0.40 annualized dividend and a yield of 1.51%. Red Rock Resorts’s dividend payout ratio is currently 30.53%.

In other Red Rock Resorts news, insider Joseph J. Hasson sold 31,628 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $26.42, for a total value of $835,611.76. Following the transaction, the insider now owns 13,921 shares of the company’s stock, valued at $367,792.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph J. Hasson sold 42,293 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $27.42, for a total value of $1,159,674.06. Following the completion of the transaction, the insider now directly owns 58,921 shares in the company, valued at approximately $1,615,613.82. The disclosure for this sale can be found here. In the last three months, insiders sold 131,721 shares of company stock worth $3,487,693. Insiders own 0.40% of the company’s stock.

Several brokerages recently issued reports on RRR. BidaskClub raised Red Rock Resorts from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 15th. Nomura lifted their target price on Red Rock Resorts to $32.00 and gave the company a “buy” rating in a research report on Wednesday, February 13th. Zacks Investment Research cut Red Rock Resorts from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 14th. Deutsche Bank reaffirmed a “buy” rating and set a $30.00 target price on shares of Red Rock Resorts in a research report on Wednesday, February 13th. Finally, ValuEngine raised Red Rock Resorts from a “sell” rating to a “hold” rating in a research report on Wednesday, November 28th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $33.20.

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Red Rock Resorts 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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