Hantz Financial Services Inc. Acquires 2,030 Shares of Red Rock Resorts, Inc. (NASDAQ:RRR)

Hantz Financial Services Inc. lifted its holdings in Red Rock Resorts, Inc. (NASDAQ:RRR) by 0.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 263,882 shares of the company’s stock after acquiring an additional 2,030 shares during the quarter. Hantz Financial Services Inc.’s holdings in Red Rock Resorts were worth $14,366,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Eminence Capital LP boosted its position in Red Rock Resorts by 23.7% during the second quarter. Eminence Capital LP now owns 1,952,754 shares of the company’s stock valued at $107,265,000 after purchasing an additional 374,128 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Red Rock Resorts by 26.7% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,196,195 shares of the company’s stock valued at $65,706,000 after buying an additional 251,855 shares in the last quarter. Westfield Capital Management Co. LP grew its position in shares of Red Rock Resorts by 3.5% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,134,509 shares of the company’s stock worth $61,763,000 after buying an additional 38,443 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Red Rock Resorts by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 577,108 shares of the company’s stock worth $31,418,000 after acquiring an additional 4,810 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Red Rock Resorts by 6.6% during the second quarter. Bank of New York Mellon Corp now owns 404,153 shares of the company’s stock valued at $22,200,000 after acquiring an additional 24,992 shares during the last quarter. 47.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on RRR shares. JMP Securities reaffirmed a “market outperform” rating and issued a $65.00 price target on shares of Red Rock Resorts in a report on Monday, October 14th. Truist Financial lowered their price objective on Red Rock Resorts from $63.00 to $58.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. Mizuho lowered Red Rock Resorts from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $57.00 to $44.00 in a research report on Monday. Barclays lowered their price target on Red Rock Resorts from $65.00 to $62.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Finally, Morgan Stanley upped their price objective on shares of Red Rock Resorts from $54.00 to $56.00 and gave the company an “equal weight” rating in a report on Wednesday, September 4th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Red Rock Resorts has an average rating of “Moderate Buy” and an average price target of $60.42.

Red Rock Resorts Stock Up 0.2 %

RRR stock opened at $49.86 on Friday. The firm’s fifty day moving average is $52.55 and its 200 day moving average is $53.61. The firm has a market cap of $5.27 billion, a PE ratio of 18.47, a P/E/G ratio of 6.18 and a beta of 2.04. Red Rock Resorts, Inc. has a one year low of $43.38 and a one year high of $63.28. The company has a debt-to-equity ratio of 14.28, a quick ratio of 0.96 and a current ratio of 1.02.

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 paid a $0.25 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 2.01%. Red Rock Resorts’s dividend payout ratio is presently 37.04%.

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.