Hantz Financial Services Inc. Has $14.18 Million Holdings in Red Rock Resorts, Inc. $RRR

Hantz Financial Services Inc. trimmed its position in Red Rock Resorts, Inc. (NASDAQ:RRR) by 9.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 228,886 shares of the company’s stock after selling 23,360 shares during the period. Hantz Financial Services Inc.’s holdings in Red Rock Resorts were worth $14,179,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of RRR. Arizona State Retirement System increased its holdings in Red Rock Resorts by 1.5% in the 3rd quarter. Arizona State Retirement System now owns 15,103 shares of the company’s stock worth $922,000 after purchasing an additional 219 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Red Rock Resorts by 53.8% during the fourth quarter. GAMMA Investing LLC now owns 752 shares of the company’s stock valued at $47,000 after purchasing an additional 263 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of Red Rock Resorts by 0.7% during the second quarter. California State Teachers Retirement System now owns 46,720 shares of the company’s stock valued at $2,431,000 after purchasing an additional 343 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of Red Rock Resorts by 3.9% during the third quarter. CANADA LIFE ASSURANCE Co now owns 10,022 shares of the company’s stock worth $628,000 after purchasing an additional 378 shares during the last quarter. Finally, Osaic Holdings Inc. increased its stake in shares of Red Rock Resorts by 14.8% in the second quarter. Osaic Holdings Inc. now owns 2,996 shares of the company’s stock valued at $149,000 after buying an additional 387 shares during the period. Institutional investors and hedge funds own 47.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on RRR. Susquehanna dropped their price objective on shares of Red Rock Resorts from $77.00 to $70.00 and set a “positive” rating for the company in a report on Thursday, April 30th. Zacks Research cut shares of Red Rock Resorts from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Jefferies Financial Group dropped their price target on shares of Red Rock Resorts from $79.00 to $74.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Benchmark reduced their price objective on shares of Red Rock Resorts from $67.00 to $63.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Finally, Truist Financial lowered their target price on Red Rock Resorts from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Twelve investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Red Rock Resorts presently has an average rating of “Moderate Buy” and an average target price of $67.67.

Red Rock Resorts Stock Performance

NASDAQ:RRR opened at $55.38 on Monday. The firm’s fifty day moving average is $55.30 and its 200-day moving average is $58.78. The company has a debt-to-equity ratio of 14.42, a quick ratio of 0.76 and a current ratio of 0.81. Red Rock Resorts, Inc. has a 52 week low of $46.17 and a 52 week high of $68.99. The firm has a market cap of $5.82 billion, a P/E ratio of 17.81, a P/E/G ratio of 3.72 and a beta of 1.35.

Red Rock Resorts (NASDAQ:RRR) last announced its earnings results on Wednesday, April 29th. The company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.17). The firm had revenue of $507.32 million for the quarter, compared to the consensus estimate of $505.63 million. Red Rock Resorts had a return on equity of 61.67% and a net margin of 9.21%.Red Rock Resorts’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.75 EPS. Equities analysts expect that Red Rock Resorts, Inc. will post 1.71 earnings per share for the current year.

Red Rock Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, June 15th. Red Rock Resorts’s payout ratio is currently 33.44%.

Red Rock Resorts Company Profile

Red Rock Resorts, Inc (NASDAQ: RRR) is a publicly traded gaming and hospitality company headquartered in Summerlin, Nevada. The company owns and operates a diversified portfolio of full-service casino resorts and neighborhood gaming properties in the Las Vegas valley. Its core business activities include resort hotel accommodations, casino gaming, food and beverage operations, entertainment and convention services designed to meet the needs of both leisure and business travelers.

The company’s flagship resort, Red Rock Casino Resort & Spa, features a full range of table games, slot machines, a luxury spa, convention space, multiple signature restaurants and live entertainment venues.