Red Rock Resorts, Inc. (RRR) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund boosted its position in shares of Red Rock Resorts, Inc. (NASDAQ:RRR) by 8.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 359,643 shares of the company’s stock after buying an additional 29,089 shares during the period. New York State Common Retirement Fund owned 0.55% of Red Rock Resorts worth $8,470,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RRR. Fifth Third Bancorp increased its holdings in shares of Red Rock Resorts by 100.9% in the first quarter. Fifth Third Bancorp now owns 5,022 shares of the company’s stock valued at $111,000 after purchasing an additional 2,522 shares during the period. BNP Paribas Arbitrage SA increased its holdings in shares of Red Rock Resorts by 123.3% in the second quarter. BNP Paribas Arbitrage SA now owns 8,521 shares of the company’s stock valued at $201,000 after purchasing an additional 4,705 shares during the period. UBS Group AG increased its holdings in shares of Red Rock Resorts by 340.6% in the first quarter. UBS Group AG now owns 8,698 shares of the company’s stock valued at $193,000 after purchasing an additional 6,724 shares during the period. Amalgamated Bank acquired a new position in shares of Red Rock Resorts in the second quarter valued at approximately $208,000. Finally, SG Americas Securities LLC increased its holdings in shares of Red Rock Resorts by 29.8% in the first quarter. SG Americas Securities LLC now owns 11,177 shares of the company’s stock valued at $248,000 after purchasing an additional 2,568 shares during the period. 62.52% of the stock is currently owned by institutional investors.

A number of research analysts have recently issued reports on RRR shares. SunTrust Banks, Inc. started coverage on Red Rock Resorts in a report on Thursday, September 14th. They issued a “buy” rating and a $26.00 target price on the stock. Zacks Investment Research raised Red Rock Resorts from a “strong sell” rating to a “hold” rating in a report on Thursday, August 17th. Stifel Nicolaus reissued a “buy” rating and issued a $27.00 target price on shares of Red Rock Resorts in a report on Friday, July 14th. BidaskClub lowered Red Rock Resorts from a “sell” rating to a “strong sell” rating in a report on Friday, September 15th. Finally, ValuEngine raised Red Rock Resorts from a “hold” rating to a “buy” rating in a report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $26.25.

TRADEMARK VIOLATION WARNING: This story was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another website, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/10/red-rock-resorts-inc-rrr-shares-bought-by-new-york-state-common-retirement-fund.html.

Red Rock Resorts, Inc. (RRR) opened at 23.92 on Tuesday. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 60.87 and a beta of 0.70. The company’s 50-day moving average price is $

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RRR. Fifth Third Bancorp increased its holdings in shares of Red Rock Resorts by 100.9% in the first quarter. Fifth Third Bancorp now owns 5,022 shares of the company’s stock valued at $111,000 after purchasing an additional 2,522 shares during the period. BNP Paribas Arbitrage SA increased its holdings in shares of Red Rock Resorts by 123.3% in the second quarter. BNP Paribas Arbitrage SA now owns 8,521 shares of the company’s stock valued at $201,000 after purchasing an additional 4,705 shares during the period. UBS Group AG increased its holdings in shares of Red Rock Resorts by 340.6% in the first quarter. UBS Group AG now owns 8,698 shares of the company’s stock valued at $193,000 after purchasing an additional 6,724 shares during the period. Amalgamated Bank acquired a new position in shares of Red Rock Resorts in the second quarter valued at approximately $208,000. Finally, SG Americas Securities LLC increased its holdings in shares of Red Rock Resorts by 29.8% in the first quarter. SG Americas Securities LLC now owns 11,177 shares of the company’s stock valued at $248,000 after purchasing an additional 2,568 shares during the period. 62.52% of the stock is currently owned by institutional investors.

A number of research analysts have recently issued reports on RRR shares. SunTrust Banks, Inc. started coverage on Red Rock Resorts in a report on Thursday, September 14th. They issued a “buy” rating and a $26.00 target price on the stock. Zacks Investment Research raised Red Rock Resorts from a “strong sell” rating to a “hold” rating in a report on Thursday, August 17th. Stifel Nicolaus reissued a “buy” rating and issued a $27.00 target price on shares of Red Rock Resorts in a report on Friday, July 14th. BidaskClub lowered Red Rock Resorts from a “sell” rating to a “strong sell” rating in a report on Friday, September 15th. Finally, ValuEngine raised Red Rock Resorts from a “hold” rating to a “buy” rating in a report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $26.25.

TRADEMARK VIOLATION WARNING: This story was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another website, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/10/red-rock-resorts-inc-rrr-shares-bought-by-new-york-state-common-retirement-fund.html.

Red Rock Resorts, Inc. (RRR) opened at 23.92 on Tuesday. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 60.87 and a beta of 0.70. The company’s 50-day moving average price is $23.19 and its 200-day moving average price is $23.19. Red Rock Resorts, Inc. has a one year low of $21.07 and a one year high of $24.67.

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.

Want to see what other hedge funds are holding RRR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Red Rock Resorts, Inc. (NASDAQ:RRR).

Institutional Ownership by Quarter for Red Rock Resorts (NASDAQ:RRR)

Receive News & Ratings for Red Rock Resorts Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Red Rock Resorts Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply