RRR.NASDAQRed Rock Resorts, INC

SCHEDULE: Eminence Capital Discloses 5.1% Stake in Red Rock Resorts

Sentiment:

Beneficial Ownership Report

📋All filings for Red Rock Resorts, INC
🔒Login to Follow

Eminence Capital, LP and Ricky C. Sandler have reported a 5.1% beneficial ownership stake in Red Rock Resorts, Inc.'s Class A Common Stock.

Summary

  • Eminence Capital, LP and Ricky C. Sandler collectively hold 3,059,372 shares of Red Rock Resorts, Inc. Class A Common Stock.
  • This represents 5.1% of the total Class A Common Stock outstanding.
  • The beneficial ownership includes shared voting power over 3,012,795 shares and shared dispositive power over 3,059,372 shares.
  • The percentage is calculated based on 60,092,344 shares of Class A Common Stock outstanding as of May 1, 2025, as reported in the Company's Form 10-Q.
  • The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership and does not contain information that would significantly alter the sentiment, indicating a neutral stance.

Positives

  • A significant institutional investor, Eminence Capital, LP, has taken a notable 5.1% stake in Red Rock Resorts, Inc., indicating confidence in the company's long-term prospects.
  • The investment is stated to be for ordinary course of business, suggesting a passive, long-term holding strategy rather than an activist intent.

Risks

  • The reporting persons explicitly state that the securities were not acquired for the purpose of changing or influencing control of the issuer, indicating a passive investment approach.

Industry Context

This filing indicates a significant investment by Eminence Capital, LP in Red Rock Resorts, Inc., a prominent player in the gaming and hospitality industry. Such passive investments by institutional funds are common and reflect an investor's belief in the long-term value of a company within its sector.

Stakeholder Impact

  • Shareholders: Disclosure of a significant institutional investor may be viewed positively, potentially increasing investor confidence and liquidity.

Key Dates

DateDescription
05/01/2025Date as of which 60,092,344 shares of Class A Common Stock were outstanding, as reported in the Company's Form 10-Q.
05/08/2025Date Red Rock Resorts, Inc. filed its Quarterly Report on Form 10-Q for the period ended March 31, 2025.
06/30/2025Date of event which required the filing of this statement.
08/14/2025Date of filing of this Schedule 13G statement.

Keywords

Red Rock Resorts, Eminence Capital, Ricky C. Sandler, Beneficial Ownership, Schedule 13G, Class A Common Stock, Gaming Industry, Hospitality, Investment Firm, Institutional Investor

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.