California State Teachers Retirement System decreased its holdings in Red Rock Resorts Inc (NASDAQ:RRR) by 9.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,784 shares of the company’s stock after selling 11,624 shares during the period. California State Teachers Retirement System’s holdings in Red Rock Resorts were worth $2,519,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in RRR. Rhumbline Advisers grew its position in shares of Red Rock Resorts by 135.2% during the 2nd quarter. Rhumbline Advisers now owns 75,268 shares of the company’s stock worth $1,773,000 after buying an additional 43,272 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Red Rock Resorts by 25.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 484,093 shares of the company’s stock worth $11,400,000 after buying an additional 96,673 shares in the last quarter. Legal & General Group Plc grew its position in shares of Red Rock Resorts by 96.6% during the 2nd quarter. Legal & General Group Plc now owns 16,708 shares of the company’s stock worth $394,000 after buying an additional 8,211 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Red Rock Resorts by 123.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,521 shares of the company’s stock worth $201,000 after buying an additional 4,705 shares in the last quarter. Finally, Principal Financial Group Inc. bought a new position in shares of Red Rock Resorts during the 2nd quarter worth $6,766,000. Institutional investors and hedge funds own 64.35% of the company’s stock.

A number of research firms have recently issued reports on RRR. BidaskClub downgraded Red Rock Resorts from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 4th. Zacks Investment Research downgraded Red Rock Resorts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Bank of America increased their price target on Red Rock Resorts from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Stifel Nicolaus reaffirmed a “buy” rating and set a $28.00 price objective (up previously from $27.00) on shares of Red Rock Resorts in a research report on Tuesday, October 10th. Finally, ValuEngine raised Red Rock Resorts from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Red Rock Resorts currently has an average rating of “Buy” and a consensus price target of $30.50.

Shares of Red Rock Resorts Inc (RRR) opened at $34.47 on Friday. Red Rock Resorts Inc has a 12-month low of $20.87 and a 12-month high of $34.89. The firm has a market capitalization of $4,001.09, a PE ratio of 78.34, a P/E/G ratio of 5.17 and a beta of 1.59. 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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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.

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

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