Versor Investments LP Has $218,000 Stock Holdings in Red Rock Resorts, Inc. (NASDAQ:RRR)

Versor Investments LP reduced its position in shares of Red Rock Resorts, Inc. (NASDAQ:RRR) by 62.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,000 shares of the company’s stock after selling 6,700 shares during the period. Versor Investments LP’s holdings in Red Rock Resorts were worth $218,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of RRR. Olympiad Research LP bought a new stake in Red Rock Resorts during the 3rd quarter valued at approximately $401,000. US Bancorp DE lifted its holdings in shares of Red Rock Resorts by 2,223.9% during the third quarter. US Bancorp DE now owns 1,557 shares of the company’s stock worth $85,000 after buying an additional 1,490 shares during the last quarter. Mayfair Advisory Group LLC bought a new stake in shares of Red Rock Resorts in the third quarter valued at approximately $218,000. Sequoia Financial Advisors LLC grew its stake in shares of Red Rock Resorts by 4,050.3% in the third quarter. Sequoia Financial Advisors LLC now owns 333,769 shares of the company’s stock worth $18,170,000 after acquiring an additional 325,727 shares during the last quarter. Finally, nVerses Capital LLC increased its position in Red Rock Resorts by 28.6% during the third quarter. nVerses Capital LLC now owns 3,600 shares of the company’s stock worth $196,000 after acquiring an additional 800 shares during the period. 47.84% of the stock is currently owned by institutional investors and hedge funds.

Red Rock Resorts Price Performance

NASDAQ:RRR opened at $50.84 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.02 and a debt-to-equity ratio of 14.28. The firm has a market cap of $5.37 billion, a PE ratio of 18.83, a price-to-earnings-growth ratio of 6.38 and a beta of 2.04. Red Rock Resorts, Inc. has a 12 month low of $43.08 and a 12 month high of $63.28. The company’s 50-day moving average price is $53.15 and its two-hundred day moving average price is $53.76.

Red Rock Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a yield of 1.97%. Red Rock Resorts’s dividend payout ratio (DPR) is presently 37.04%.

Analyst Ratings Changes

A number of analysts have weighed in on RRR shares. Mizuho reissued an “outperform” rating and issued a $57.00 price target (down from $67.00) on shares of Red Rock Resorts in a report on Tuesday, November 12th. Wells Fargo & Company decreased their target price on Red Rock Resorts from $64.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 17th. Morgan Stanley raised their price objective on Red Rock Resorts from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 4th. Barclays lowered their price objective on Red Rock Resorts from $65.00 to $62.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $65.00 target price on shares of Red Rock Resorts in a research report on Monday, October 14th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Red Rock Resorts currently has an average rating of “Moderate Buy” and an average price target of $61.50.

About Red Rock Resorts

Red Rock Resorts, Inc, through its interest in Station Casinos LLC, develops and operates casino and entertainment properties in the United States. The company owns and operates gaming and entertainment facilities, including Durango Casino & Resort and smaller casinos in the Las Vegas regional market.