Cubist Systematic Strategies LLC increased its position in shares of Red Rock Resorts Inc (NASDAQ:RRR) by 302.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,801 shares of the company’s stock after purchasing an additional 4,358 shares during the period. Cubist Systematic Strategies LLC’s holdings in Red Rock Resorts were worth $134,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Point72 Asset Management L.P. raised its position in shares of Red Rock Resorts by 46.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 4,285,300 shares of the company’s stock valued at $99,248,000 after purchasing an additional 1,366,300 shares during the period. Jane Street Group LLC bought a new stake in shares of Red Rock Resorts during the 3rd quarter valued at $306,000. Epoch Investment Partners Inc. raised its position in shares of Red Rock Resorts by 0.7% during the 3rd quarter. Epoch Investment Partners Inc. now owns 1,134,514 shares of the company’s stock valued at $26,275,000 after purchasing an additional 7,850 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Red Rock Resorts by 466.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 354,608 shares of the company’s stock valued at $8,213,000 after purchasing an additional 292,058 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Red Rock Resorts by 47.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 343,376 shares of the company’s stock valued at $7,953,000 after purchasing an additional 111,075 shares during the period. Hedge funds and other institutional investors own 64.35% of the company’s stock.

RRR has been the subject of several research analyst reports. Zacks Investment Research cut shares of Red Rock Resorts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine raised shares of Red Rock Resorts from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Deutsche Bank reaffirmed a “buy” rating and set a $38.00 target price on shares of Red Rock Resorts in a research note on Thursday, December 21st. BidaskClub cut shares of Red Rock Resorts from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 4th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $33.00 target price on shares of Red Rock Resorts in a research note on Tuesday, November 28th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $30.50.

Red Rock Resorts Inc (NASDAQ:RRR) opened at $34.47 on Friday. The firm has a market cap of $4,001.09, a price-to-earnings ratio of 78.34, a P/E/G ratio of 5.17 and a beta of 1.59. Red Rock Resorts Inc has a 52 week low of $20.87 and a 52 week high of $34.89. The company has a debt-to-equity ratio of 4.41, a quick ratio of 1.26 and a current ratio of 1.29.

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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)

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