Schwab Charles Investment Management Inc. decreased its position in Red Rock Resorts, Inc. (NASDAQ:RRR) by 6.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 232,301 shares of the company’s stock after selling 15,148 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.35% of Red Rock Resorts worth $5,471,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Diamond Hill Capital Management Inc. grew its stake in shares of Red Rock Resorts by 5.2% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 4,593,762 shares of the company’s stock worth $108,183,000 after acquiring an additional 226,988 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Red Rock Resorts by 27.7% in the 1st quarter. Vanguard Group Inc. now owns 4,165,673 shares of the company’s stock worth $92,395,000 after acquiring an additional 904,273 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Red Rock Resorts by 4.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,751,102 shares of the company’s stock worth $38,840,000 after acquiring an additional 74,797 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Red Rock Resorts by 9.9% in the 1st quarter. Bank of New York Mellon Corp now owns 387,420 shares of the company’s stock worth $8,593,000 after acquiring an additional 34,778 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Red Rock Resorts by 2.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 337,106 shares of the company’s stock worth $7,938,000 after acquiring an additional 7,762 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

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A number of equities analysts recently weighed in on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $27.00 price target on shares of Red Rock Resorts in a report on Friday, July 14th. SunTrust Banks, Inc. assumed coverage on shares of Red Rock Resorts in a report on Thursday, September 14th. They issued a “buy” rating and a $26.00 price target on the stock. ValuEngine raised shares of Red Rock Resorts from a “hold” rating to a “buy” rating in a report on Friday, September 8th. Zacks Investment Research raised shares of Red Rock Resorts from a “strong sell” rating to a “hold” rating in a report on Thursday, August 17th. Finally, BidaskClub raised shares of Red Rock Resorts from a “strong sell” rating to a “sell” rating in a report on Friday, September 22nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. Red Rock Resorts presently has an average rating of “Buy” and an average price target of $26.39.

Red Rock Resorts 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.

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

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