SCHEDULE: FMR LLC Amends Passive Stake in Red Rock Resorts
Ownership Disclosure
FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, disclosing a 3.6% passive beneficial ownership stake in Red Rock Resorts Inc.'s Class A Common Stock.
Summary
- FMR LLC and Abigail P. Johnson reported beneficial ownership of 2,163,415.11 shares of Red Rock Resorts Inc. Class A Common Stock.
- This represents 3.6% of the total outstanding Class A Common Stock.
- The filing is an Amendment No. 3 to a Schedule 13G, indicating a passive investment.
- FMR LLC holds sole voting power over 2,161,232.00 shares and sole dispositive power over 2,163,415.11 shares.
- Abigail P. Johnson holds sole dispositive power over 2,163,415.11 shares.
- The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
- One or more other persons are known to have the right to receive dividends or proceeds from the sale of these securities, but no single person's interest exceeds 5% of the total outstanding Class A Common Stock.
- FMR LLC is classified as a parent holding company, and Abigail P. Johnson is an individual.
Sentiment
Score: 5
Explanation: The filing is a standard Schedule 13G amendment disclosing passive beneficial ownership, which is a routine regulatory disclosure and does not inherently convey positive or negative sentiment regarding the issuer's performance or prospects.
Positives
- The filing indicates a passive investment, suggesting the investor is not seeking to influence or control the company.
- Continued investment by a major financial institution like FMR LLC may signal confidence in the issuer's long-term prospects.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's passive stake in the company.
Key Dates
| Date | Description |
|---|---|
| 05/23/2023 | Effective date of Power of Attorney for Richard Bourgelas. |
| 08/08/2023 | Date of previous Schedule 13G filing by FMR LLC where the Power of Attorney was incorporated by reference. |
| 06/30/2025 | Date of the event requiring the filing, representing the beneficial ownership position as of this date. |
| 08/05/2025 | Signature date of the Schedule 13G and date of the Rule 13d-1(k)(1) Agreement for joint filing. |
Keywords
Red Rock Resorts, RRR, FMR LLC, Abigail P. Johnson, Schedule 13G, beneficial ownership, Class A Common Stock, SEC filing, institutional ownership, passive investment, casino, gaming, resorts
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