Metropolitan Life Insurance Co NY lowered its holdings in shares of Red Rock Resorts Inc (NASDAQ:RRR) by 2.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,662 shares of the company’s stock after selling 616 shares during the period. Metropolitan Life Insurance Co NY’s holdings in Red Rock Resorts were worth $585,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of Montreal Can grew its holdings in shares of Red Rock Resorts by 47.5% during the fourth quarter. Bank of Montreal Can now owns 1,437 shares of the company’s stock valued at $29,000 after buying an additional 463 shares in the last quarter. First Quadrant L P CA purchased a new position in Red Rock Resorts in the first quarter valued at about $42,000. Amalgamated Bank purchased a new position in Red Rock Resorts in the fourth quarter valued at about $206,000. Creative Planning purchased a new position in Red Rock Resorts in the first quarter valued at about $222,000. Finally, NumerixS Investment Technologies Inc grew its stake in Red Rock Resorts by 151.3% in the first quarter. NumerixS Investment Technologies Inc now owns 9,800 shares of the company’s stock valued at $252,000 after purchasing an additional 5,900 shares in the last quarter. 61.82% of the stock is currently owned by institutional investors.
In other Red Rock Resorts news, insider Joseph J. Hasson sold 12,891 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $23.24, for a total transaction of $299,586.84. Following the completion of the transaction, the insider now owns 12,891 shares in the company, valued at approximately $299,586.84. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.40% of the stock is currently owned by corporate insiders.
Red Rock Resorts (NASDAQ:RRR) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.16). The business had revenue of $447.00 million for the quarter, compared to analyst estimates of $445.50 million. Red Rock Resorts had a return on equity of 10.08% and a net margin of 6.89%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.65 EPS. On average, equities analysts predict that Red Rock Resorts Inc will post 0.84 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date was Thursday, June 13th. Red Rock Resorts’s dividend payout ratio (DPR) is presently 30.53%.
A number of analysts have weighed in on the company. Wolfe Research assumed coverage on Red Rock Resorts in a research report on Friday, June 14th. They issued a “peer perform” rating for the company. Zacks Investment Research cut Great Portland Estates from a “hold” rating to a “sell” rating in a research report on Tuesday, April 16th. Macquarie initiated coverage on SK Telecom in a research report on Tuesday, May 21st. They set an “outperform” rating for the company. TheStreet raised VEON from a “d+” rating to a “c-” rating in a report on Thursday, July 11th. Finally, Goldman Sachs Group raised Las Vegas Sands to a “buy” rating in a report on Tuesday, June 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $30.29.
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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