RRR Red Rock Resorts Inc

Voya Investment Management LLC significantly reduced its stake in Red Rock Resorts, Inc., selling 22,130 shares and retaining 88,417 shares valued at approximately $5.4 million. Despite this, Red Rock Resorts is actively returning capital to shareholders by increasing its quarterly dividend to $0.26 and approving a $300 million share buyback program. Analysts maintain a "Moderate Buy" rating with an average price target of $65.08, following an EPS beat in the last quarter.

Red Rock Resorts, Inc. (NASDAQ:RRR) has received a consensus recommendation of "Moderate Buy" from fourteen analysts, with an average 12-month target price of $64.42. The company recently reported strong quarterly earnings, beating estimates with $0.68 EPS, authorized a $300 million share repurchase, and increased its quarterly dividend to $0.26 per share. Institutional trading activity shows significant shifts in holdings, with several large investors increasing their stakes in RRR.

Hudson Bay Capital Management LP has acquired a new stake of 141,446 shares in Red Rock Resorts, Inc. (NASDAQ:RRR), valued at approximately $7.36 million. This investment represents about 0.13% ownership in the company. Red Rock Resorts recently increased its quarterly dividend to $0.26 per share and authorized a $300 million share repurchase program, indicating confidence in its financial health.

Bamco Inc. NY increased its stake in Red Rock Resorts, Inc. (NASDAQ:RRR) by 5.7% in the 2nd quarter, holding 12,269,004 shares worth $638.36 million. Red Rock Resorts stock performance shows a 1-year low of $35.09 and a 1-year high of $63.60, with a current market cap of $6.45 billion. The company reported strong Q3 earnings, beating consensus estimates, and increased its quarterly dividend while announcing a $300 million share buyback program.

Eminence Capital LP significantly increased its stake in Red Rock Resorts, Inc. (NASDAQ:RRR) by 23.4%, now holding 3,059,372 shares valued at approximately $159.18 million, making RRR its 23rd-largest holding. Red Rock Resorts' board demonstrates confidence through a $300 million share buyback authorization and an increased quarterly dividend to $0.26. The company surpassed EPS estimates, reporting $0.68 per share against a $0.36 consensus, reinforcing its "Moderate Buy" consensus rating and a $64.42 price target from analysts.

Armistice Capital LLC initiated a new position in Red Rock Resorts (NASDAQ:RRR) during Q2, purchasing 161,179 shares valued at approximately $8.39 million. This transaction makes Armistice Capital LLC the owner of about 0.15% of Red Rock Resorts' stock. The company recently raised its quarterly dividend to $0.26 and approved a $300 million share repurchase program, equal to about 4.9% of outstanding shares.