Wells Fargo & Company MN increased its stake in shares of Red Rock Resorts, Inc. (NASDAQ:RRR) by 62.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 133,006 shares of the company’s stock after buying an additional 51,285 shares during the quarter. Wells Fargo & Company MN owned about 0.20% of Red Rock Resorts worth $3,132,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in RRR. Bank of New York Mellon Corp lifted its position in Red Rock Resorts by 9.9% during the first quarter. Bank of New York Mellon Corp now owns 387,420 shares of the company’s stock worth $8,593,000 after buying an additional 34,778 shares in the last quarter. Swiss National Bank lifted its position in Red Rock Resorts by 33.7% during the first quarter. Swiss National Bank now owns 68,300 shares of the company’s stock worth $1,515,000 after buying an additional 17,200 shares in the last quarter. Parametric Portfolio Associates LLC purchased a new position in Red Rock Resorts during the first quarter worth approximately $1,063,000. SG Americas Securities LLC lifted its position in Red Rock Resorts by 29.8% during the first quarter. SG Americas Securities LLC now owns 11,177 shares of the company’s stock worth $248,000 after buying an additional 2,568 shares in the last quarter. Finally, American International Group Inc. lifted its position in Red Rock Resorts by 7.2% during the first quarter. American International Group Inc. now owns 18,529 shares of the company’s stock worth $411,000 after buying an additional 1,241 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

A number of equities analysts recently commented on RRR shares. Zacks Investment Research downgraded Red Rock Resorts from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 5th. Stifel Nicolaus reiterated a “buy” rating and set a $27.00 price objective on shares of Red Rock Resorts in a research report on Friday, July 14th. ValuEngine upgraded Red Rock Resorts from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. SunTrust Banks, Inc. started coverage on Red Rock Resorts in a research report on Thursday, September 14th. They set a “buy” rating and a $26.00 price objective on the stock. Finally, BidaskClub downgraded Red Rock Resorts from a “sell” rating to a “strong sell” rating in a research report on Friday, September 15th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $26.06.

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Shares of Red Rock Resorts, Inc. (NASDAQ:RRR) opened at 23.73 on Friday. The firm’s 50-day moving average price is $23.25 and its 200 day moving average price is $23.26. Red Rock Resorts, Inc. has a 1-year low of $20.87 and a 1-year high of $24.94. The firm has a market cap of $1.61 billion, a PE ratio of 60.38 and a beta of 0.70.

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.

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

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