Versor Investments LP bought a new position in Las Vegas Sands Corp. (NYSE:LVS – Free Report) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 28,409 shares of the casino operator’s stock, valued at approximately $1,849,000.
Several other large investors have also recently modified their holdings of LVS. Grove Bank & Trust purchased a new position in shares of Las Vegas Sands in the fourth quarter worth about $26,000. International Assets Investment Management LLC purchased a new position in shares of Las Vegas Sands in the fourth quarter worth about $26,000. Westside Investment Management Inc. increased its stake in shares of Las Vegas Sands by 48.0% in the third quarter. Westside Investment Management Inc. now owns 512 shares of the casino operator’s stock worth $28,000 after purchasing an additional 166 shares in the last quarter. Root Financial Partners LLC purchased a new position in shares of Las Vegas Sands in the third quarter worth about $33,000. Finally, Smartleaf Asset Management LLC grew its holdings in Las Vegas Sands by 549.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 630 shares of the casino operator’s stock valued at $35,000 after buying an additional 533 shares in the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have weighed in on LVS. Barclays lifted their target price on Las Vegas Sands from $64.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. The Goldman Sachs Group reduced their target price on Las Vegas Sands from $80.00 to $73.00 and set a “buy” rating for the company in a report on Thursday, January 29th. Wall Street Zen lowered Las Vegas Sands from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 14th. Wells Fargo & Company reduced their target price on Las Vegas Sands from $68.00 to $65.00 and set an “equal weight” rating for the company in a report on Thursday, April 16th. Finally, Jefferies Financial Group lifted their target price on Las Vegas Sands from $61.00 to $63.00 and gave the company a “hold” rating in a report on Thursday, April 23rd. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $68.28.
Insiders Place Their Bets
In related news, CEO Patrick Dumont sold 60,165 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $54.75, for a total value of $3,294,033.75. Following the completion of the sale, the chief executive officer owned 511,942 shares in the company, valued at $28,028,824.50. The trade was a 10.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.55% of the stock is owned by insiders.
Las Vegas Sands Stock Performance
Shares of LVS opened at $52.07 on Tuesday. The company has a market cap of $34.50 billion, a PE ratio of 19.28, a price-to-earnings-growth ratio of 1.20 and a beta of 0.85. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 8.64. The stock has a 50-day moving average price of $54.35 and a 200-day moving average price of $59.28. Las Vegas Sands Corp. has a 12-month low of $39.29 and a 12-month high of $70.45.
Las Vegas Sands (NYSE:LVS – Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.15. The firm had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.32 billion. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.The company’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same quarter last year, the company posted $0.59 EPS. As a group, equities analysts forecast that Las Vegas Sands Corp. will post 3.38 earnings per share for the current fiscal year.
Las Vegas Sands Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 13th. Investors of record on Tuesday, May 5th will be given a $0.30 dividend. The ex-dividend date is Tuesday, May 5th. This represents a $1.20 dividend on an annualized basis and a yield of 2.3%. Las Vegas Sands’s payout ratio is presently 44.44%.
Las Vegas Sands Company Profile
Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.
The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.
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