Amalgamated Bank acquired a new stake in Red Rock Resorts, Inc. (NASDAQ:RRR) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,846 shares of the company’s stock, valued at approximately $208,000.

A number of other large investors have also recently made changes to their positions in the stock. Fifth Third Bancorp increased its holdings in 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 buying an additional 2,522 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in 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 buying an additional 4,705 shares in the last quarter. UBS Group AG increased its holdings in 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 buying an additional 6,724 shares in the last quarter. SG Americas Securities LLC increased its holdings in 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 buying an additional 2,568 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in Red Rock Resorts by 96.6% in the second quarter. Legal & General Group Plc now owns 16,708 shares of the company’s stock valued at $394,000 after buying an additional 8,211 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

RRR has been the subject of a number of research analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $27.00 target price on shares of Red Rock Resorts in a report on Friday, July 14th. SunTrust Banks, Inc. initiated coverage on shares of Red Rock Resorts in a report on Thursday, September 14th. They issued a “buy” rating and a $26.00 target price for the company. 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 given a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $26.06.

ILLEGAL ACTIVITY WARNING: This article was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another publication, it was illegally copied and republished in violation of international copyright and trademark law. The original version of this article can be accessed at https://www.thecerbatgem.com/2017/10/17/amalgamated-bank-acquires-shares-of-8846-red-rock-resorts-inc-rrr.html.

Red Rock Resorts, Inc. (NASDAQ:RRR) opened at 24.00 on Tuesday. The stock has a market capitalization of $1.63 billion, a PE ratio of 61.07 and a beta of 0.70. Red Rock Resorts, Inc. has a 52 week low of $20.87 and a 52 week high of $24.94. The stock’s 50 day moving average is $23.08 and its 200-day moving average is $23.23.

About Red Rock Resorts

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)

Receive News & Stock 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 stocks with our FREE daily email newsletter.