Red Rock Resorts, Inc. (NASDAQ:RRR) Holdings Decreased by Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc. lowered its stake in Red Rock Resorts, Inc. (NASDAQ:RRR) by 7.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,703 shares of the company’s stock after selling 1,297 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Red Rock Resorts were worth $855,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RRR. US Bancorp DE increased its position in shares of Red Rock Resorts by 2,223.9% during the 3rd quarter. US Bancorp DE now owns 1,557 shares of the company’s stock valued at $85,000 after purchasing an additional 1,490 shares during the period. Mayfair Advisory Group LLC bought a new position in Red Rock Resorts during the third quarter valued at about $218,000. Sequoia Financial Advisors LLC grew its holdings in Red Rock Resorts by 4,050.3% during the third quarter. Sequoia Financial Advisors LLC now owns 333,769 shares of the company’s stock worth $18,170,000 after acquiring an additional 325,727 shares during the period. nVerses Capital LLC lifted its holdings in Red Rock Resorts by 28.6% in the 3rd quarter. nVerses Capital LLC now owns 3,600 shares of the company’s stock valued at $196,000 after acquiring an additional 800 shares during the last quarter. Finally, Creative Planning boosted its position in shares of Red Rock Resorts by 19.7% during the 3rd quarter. Creative Planning now owns 19,029 shares of the company’s stock valued at $1,036,000 after purchasing an additional 3,127 shares in the last quarter. Institutional investors own 47.84% of the company’s stock.

Red Rock Resorts Trading Up 8.2 %

Shares of NASDAQ:RRR opened at $56.61 on Thursday. Red Rock Resorts, Inc. has a 12-month low of $40.22 and a 12-month high of $63.28. The company has a quick ratio of 0.89, a current ratio of 0.94 and a debt-to-equity ratio of 15.15. The firm has a market capitalization of $5.98 billion, a P/E ratio of 19.56, a price-to-earnings-growth ratio of 5.38 and a beta of 2.04. The firm has a fifty day moving average of $53.86 and a two-hundred day moving average of $53.97.

Wall Street Analyst Weigh In

A number of analysts recently commented on RRR shares. JMP Securities reiterated a “market outperform” rating and issued a $65.00 target price on shares of Red Rock Resorts in a report on Monday, October 14th. Barclays raised their price objective on Red Rock Resorts from $63.00 to $65.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Morgan Stanley boosted their target price on Red Rock Resorts from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 4th. Wells Fargo & Company decreased their price target on Red Rock Resorts from $64.00 to $58.00 and set an “equal weight” rating for the company in a research report on Thursday, October 17th. Finally, Macquarie boosted their price objective on Red Rock Resorts from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Red Rock Resorts presently has a consensus rating of “Moderate Buy” and an average price target of $62.58.

Red Rock Resorts Company Profile

Red Rock Resorts, Inc, through its interest in Station Casinos LLC, develops and operates casino and entertainment properties in the United States. The company owns and operates gaming and entertainment facilities, including Durango Casino & Resort and smaller casinos in the Las Vegas regional market.