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

NumerixS Investment Technologies Inc lowered its holdings in shares of Red Rock Resorts Inc (NASDAQ:RRR) by 58.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bamco Inc. NY boosted its stake in shares of Red Rock Resorts by 1.9% in the 3rd quarter. Bamco Inc. NY now owns 8,260,501 shares of the company’s stock valued at $220,142,000 after purchasing an additional 154,158 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its stake in shares of Red Rock Resorts by 10.6% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 6,572,518 shares of the company’s stock valued at $133,488,000 after purchasing an additional 629,672 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Red Rock Resorts by 9.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,469,688 shares of the company’s stock valued at $172,417,000 after purchasing an additional 552,550 shares in the last quarter. Vanguard Group Inc boosted its stake in shares of Red Rock Resorts by 9.3% in the 3rd quarter. Vanguard Group Inc now owns 6,469,688 shares of the company’s stock valued at $172,417,000 after purchasing an additional 552,550 shares in the last quarter. Finally, Cohen & Steers Inc. boosted its stake in shares of Red Rock Resorts by 29.0% in the 3rd quarter. Cohen & Steers Inc. now owns 5,753,425 shares of the company’s stock valued at $153,329,000 after purchasing an additional 1,293,107 shares in the last quarter. Hedge funds and other institutional investors own 64.11% of the company’s stock.

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

Red Rock Resorts (NASDAQ:RRR) last announced 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. The firm had revenue of $431.47 million during the quarter, compared to analysts’ expectations of $408.61 million. Red Rock Resorts had a return on equity of 12.06% and a net margin of 9.37%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 EPS. As a group, sell-side analysts expect that Red Rock Resorts Inc will post 1.2 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Thursday, March 14th will be issued a dividend of $0.10 per share. 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%.

RRR has been the topic of several research reports. BidaskClub upgraded shares of Red Rock Resorts from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 15th. ValuEngine downgraded shares of Red Rock Resorts from a “hold” rating to a “sell” rating in a research report on Tuesday, November 20th. Nomura upped their price target on shares of Red Rock Resorts to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, February 13th. Deutsche Bank reiterated a “buy” rating and set a $30.00 price target on shares of Red Rock Resorts in a research report on Wednesday, February 13th. Finally, Zacks Investment Research downgraded shares of Red Rock Resorts from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 14th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $33.20.

In other news, insider Joseph J. Hasson sold 31,628 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $26.42, for a total value of $835,611.76. Following the completion of the sale, the insider now directly owns 13,921 shares of the company’s stock, valued at approximately $367,792.82. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joseph J. Hasson sold 1,500 shares of the company’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $28.83, for a total value of $43,245.00. Following the completion of the sale, the insider now directly owns 17,260 shares of the company’s stock, valued at $497,605.80. The disclosure for this sale can be found here. Insiders have sold a total of 131,721 shares of company stock valued at $3,487,693 over the last three months. Company insiders own 0.40% of the company’s stock.

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About Red Rock Resorts

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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