Sei Investments Co. Buys 83,804 Shares of Red Rock Resorts Inc (RRR)

Sei Investments Co. Buys 83,804 Shares of Red Rock Resorts Inc (RRR)

A number of other institutional investors also recently added to or reduced their stakes in RRR. BlackRock Advisors LLC boosted its position in Red Rock Resorts by 115.7% in the third quarter. BlackRock Advisors LLC now owns 37,428 shares of the company’s stock worth $883,000 after buying an additional 20,074 shares in the last quarter. BlackRock Investment Management LLC raised its stake in Red Rock Resorts by 0.4% in the third quarter. BlackRock Investment Management LLC now owns 112,219 shares of the company’s stock worth $2,647,000 after buying an additional 457 shares during the last quarter. Highline Capital Management L.P. raised its stake in Red Rock Resorts by 16.6% in the third quarter. Highline Capital Management L.P. now owns 1,529,300 shares of the company’s stock worth $36,076,000 after buying an additional 218,100 shares during the last quarter. Bamco Inc. NY raised its stake in Red Rock Resorts by 7.5% in the third quarter. Bamco Inc. NY now owns 3,877,258 shares of the company’s stock worth $91,465,000 after buying an additional 272,000 shares during the last quarter. Finally, RWC Asset Management LLP raised its stake in Red Rock Resorts by 17.1% in the third quarter. RWC Asset Management LLP now owns 1,329,315 shares of the company’s stock worth $31,359,000 after buying an additional 194,504 shares during the last quarter.

Sei Investments Co. increased its position in Red Rock Resorts Inc (NASDAQ:RRR) by 80.4% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 188,023 shares of the company’s stock after buying an additional 83,804 shares during the period. Sei Investments Co.’s holdings in Red Rock Resorts were worth $4,170,000 at the end of the most recent quarter.

Shares of Red Rock Resorts Inc (NASDAQ RRR) opened at 23.83 on Thursday. Red Rock Resorts Inc has a 52 week low of $19.58 and a 52 week high of $24.67. The stock’s market capitalization is $1.61 billion. The company has a 50-day moving average of $23.23 and a 200-day moving average of $22.94.

Red Rock Resorts (NASDAQ:RRR) last announced its quarterly earnings data on Thursday, May 4th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by $0.07. Red Rock Resorts had a return on equity of 21.98% and a net margin of 10.19%. The firm had revenue of $417.73 million during the quarter, compared to analysts’ expectations of $402.88 million. During the same quarter in the previous year, the business earned $0.64 earnings per share. The company’s revenue for the quarter was up 16.3% compared to the same quarter last year. On average, analysts anticipate that Red Rock Resorts Inc will post $1.33 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 30th. Stockholders of record on Tuesday, May 16th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend was Friday, May 12th.

A number of equities research analysts have recently commented on the stock. Aegis assumed coverage on shares of Red Rock Resorts in a research note on Monday, February 13th. They issued a “buy” rating and a $27.50 price objective on the stock. Zacks Investment Research raised shares of Red Rock Resorts from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 10th. Stifel Nicolaus lowered their price objective on shares of Red Rock Resorts from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday, March 8th. Finally, Wells Fargo & Co restated an “outperform” rating on shares of Red Rock Resorts in a report on Wednesday, March 8th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Red Rock Resorts presently has a consensus rating of “Buy” and a consensus target price of $25.95.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:RRR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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