Invesco Ltd. Decreases Stock Holdings in Red Rock Resorts, Inc. (NASDAQ:RRR) (2025)

Posted by Defense World Staff on Apr 28th, 2025

Invesco Ltd. reduced its holdings in Red Rock Resorts, Inc. (NASDAQ:RRR – Free Report) by 90.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,484 shares of the company’s stock after selling 652,736 shares during the period. Invesco Ltd. owned approximately 0.07% of Red Rock Resorts worth $3,259,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Arizona State Retirement System increased its stake in Red Rock Resorts by 1.5% during the fourth quarter. Arizona State Retirement System now owns 14,707 shares of the company’s stock worth $680,000 after acquiring an additional 216 shares during the last quarter. KBC Group NV increased its position in shares of Red Rock Resorts by 37.1% during the 4th quarter. KBC Group NV now owns 1,996 shares of the company’s stock valued at $92,000 after purchasing an additional 540 shares during the last quarter. Mayfair Advisory Group LLC increased its position in shares of Red Rock Resorts by 15.1% during the 4th quarter. Mayfair Advisory Group LLC now owns 4,497 shares of the company’s stock valued at $208,000 after purchasing an additional 591 shares during the last quarter. Avior Wealth Management LLC lifted its position in Red Rock Resorts by 11.8% in the fourth quarter. Avior Wealth Management LLC now owns 8,828 shares of the company’s stock worth $408,000 after buying an additional 930 shares during the last quarter. Finally, Swiss National Bank lifted its position in Red Rock Resorts by 1.4% in the fourth quarter. Swiss National Bank now owns 99,700 shares of the company’s stock worth $4,610,000 after buying an additional 1,400 shares during the last quarter. 47.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RRR. Morgan Stanley reduced their target price on shares of Red Rock Resorts from $45.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Barclays decreased their price objective on shares of Red Rock Resorts from $58.00 to $54.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Truist Financial dropped their target price on Red Rock Resorts from $56.00 to $45.00 and set a “hold” rating for the company in a research report on Wednesday, April 23rd. Stifel Nicolaus raised their price target on Red Rock Resorts from $50.00 to $54.00 and gave the stock a “hold” rating in a research note on Wednesday, February 12th. Finally, Mizuho upped their price objective on Red Rock Resorts from $44.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $54.33.

Read Our Latest Stock Analysis on Red Rock Resorts

Red Rock Resorts Stock Up 1.8 %

NASDAQ:RRR opened at $42.60 on Monday. The company has a debt-to-equity ratio of 14.28, a current ratio of 1.02 and a quick ratio of 0.96. Red Rock Resorts, Inc. has a 1-year low of $35.09 and a 1-year high of $61.73. The company has a 50-day moving average of $44.20 and a 200 day moving average of $47.57. The firm has a market cap of $4.52 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 4.32 and a beta of 1.69.

Red Rock Resorts (NASDAQ:RRR – Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.34. Red Rock Resorts had a net margin of 7.94% and a return on equity of 71.00%. As a group, research analysts anticipate that Red Rock Resorts, Inc. will post 1.76 EPS for the current fiscal year.

Red Rock Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend was Monday, March 17th. Red Rock Resorts’s payout ratio is 39.84%.

Red Rock Resorts Profile

(Free Report)

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.

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