Los Angeles Capital Management LLC trimmed its stake in shares of Las Vegas Sands Corp. (NYSE:LVS – Free Report) by 23.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 296,631 shares of the casino operator’s stock after selling 90,154 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Las Vegas Sands were worth $19,308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Bank of New York Mellon Corp grew its position in Las Vegas Sands by 18.7% during the 4th quarter. Bank of New York Mellon Corp now owns 7,893,031 shares of the casino operator’s stock worth $513,757,000 after acquiring an additional 1,246,206 shares during the last quarter. Norges Bank bought a new position in Las Vegas Sands during the 4th quarter worth approximately $364,892,000. Barrow Hanley Mewhinney & Strauss LLC grew its position in Las Vegas Sands by 43.8% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,454,013 shares of the casino operator’s stock worth $293,371,000 after acquiring an additional 1,660,823 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Las Vegas Sands by 410.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,167,553 shares of the casino operator’s stock worth $277,963,000 after buying an additional 4,154,753 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Las Vegas Sands by 5.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,723,494 shares of the casino operator’s stock worth $200,335,000 after buying an additional 187,389 shares during the last quarter. 39.16% of the stock is currently owned by institutional investors.
Las Vegas Sands Trading Up 0.1%
NYSE LVS opened at $50.30 on Monday. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 8.64. Las Vegas Sands Corp. has a twelve month low of $40.03 and a twelve month high of $70.45. The firm has a market capitalization of $33.33 billion, a PE ratio of 18.63, a P/E/G ratio of 1.14 and a beta of 0.81. The stock’s 50 day moving average is $52.87 and its 200 day moving average is $57.82.
Las Vegas Sands Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Tuesday, May 5th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, May 5th. This represents a $1.20 annualized dividend and a dividend yield of 2.4%. Las Vegas Sands’s payout ratio is currently 44.44%.
Insider Buying and Selling at Las Vegas Sands
In related news, CEO Patrick Dumont sold 60,165 shares of Las Vegas Sands stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $54.75, for a total transaction of $3,294,033.75. Following the sale, the chief executive officer directly owned 511,942 shares in the company, valued at $28,028,824.50. The trade was a 10.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.55% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
LVS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their price objective on Las Vegas Sands from $71.00 to $68.00 and set an “overweight” rating on the stock in a research report on Thursday, April 23rd. Weiss Ratings lowered Las Vegas Sands from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. Wall Street Zen lowered Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Stifel Nicolaus lifted their price objective on Las Vegas Sands from $72.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Las Vegas Sands from $77.00 to $73.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.91.
View Our Latest Stock Analysis on LVS
Las Vegas Sands 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.
Further Reading
- Five stocks we like better than Las Vegas Sands
- These 3 Insurance Stocks Made New 52-Week Highs: Still Time to Buy?
- 3 Stocks Under $20 to Buy Before a Broader Market Rally
- Petco Faces Tough Competition, But Momentum Is Building
- The Lock-In Effect Is Real—These 3 Homebuilders Are Betting on It
Want to see what other hedge funds are holding LVS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Las Vegas Sands Corp. (NYSE:LVS – Free Report).
Receive News & Ratings for Las Vegas Sands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Las Vegas Sands and related companies with MarketBeat.com's FREE daily email newsletter.
