Abacus FCF Advisors LLC increased its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 46.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 88,762 shares of the casino operator's stock after purchasing an additional 28,148 shares during the period. Abacus FCF Advisors LLC's holdings in Las Vegas Sands were worth $4,559,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Las Vegas Sands by 32.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,948 shares of the casino operator's stock worth $1,707,000 after buying an additional 8,032 shares during the last quarter. ARGA Investment Management LP raised its stake in Las Vegas Sands by 32.0% during the 4th quarter. ARGA Investment Management LP now owns 6,501,382 shares of the casino operator's stock valued at $333,911,000 after purchasing an additional 1,577,042 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in Las Vegas Sands by 1.2% in the 4th quarter. Fisher Asset Management LLC now owns 13,810,351 shares of the casino operator's stock valued at $709,300,000 after purchasing an additional 160,711 shares during the period. Polymer Capital Management HK LTD bought a new stake in Las Vegas Sands in the 4th quarter valued at $2,311,000. Finally, World Equity Group Inc. grew its position in Las Vegas Sands by 82.9% in the 4th quarter. World Equity Group Inc. now owns 25,602 shares of the casino operator's stock worth $1,315,000 after purchasing an additional 11,602 shares during the last quarter. Institutional investors own 39.16% of the company's stock.
Las Vegas Sands Price Performance
Shares of LVS traded up $0.34 during trading hours on Friday, hitting $32.06. The stock had a trading volume of 5,115,165 shares, compared to its average volume of 6,097,169. The stock has a market capitalization of $22.65 billion, a price-to-earnings ratio of 16.27, a P/E/G ratio of 1.41 and a beta of 0.99. The company has a debt-to-equity ratio of 3.35, a current ratio of 0.74 and a quick ratio of 0.73. The company's fifty day moving average is $41.09 and its two-hundred day moving average is $47.10. Las Vegas Sands Corp. has a 52 week low of $30.18 and a 52 week high of $56.61.
Las Vegas Sands (NYSE:LVS - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The casino operator reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.04). Las Vegas Sands had a return on equity of 45.82% and a net margin of 12.80%. On average, analysts anticipate that Las Vegas Sands Corp. will post 2.6 EPS for the current year.
Las Vegas Sands Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Monday, February 10th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.12%. This is a boost from Las Vegas Sands's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, February 10th. Las Vegas Sands's dividend payout ratio (DPR) is currently 50.76%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on LVS shares. JPMorgan Chase & Co. reduced their target price on shares of Las Vegas Sands from $62.00 to $61.00 and set an "overweight" rating for the company in a research note on Wednesday, January 29th. Macquarie upped their price target on Las Vegas Sands from $57.00 to $58.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Wells Fargo & Company decreased their price objective on Las Vegas Sands from $60.00 to $59.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. Jefferies Financial Group upgraded Las Vegas Sands from a "hold" rating to a "buy" rating and upped their target price for the company from $60.00 to $69.00 in a research note on Friday, January 3rd. Finally, Morgan Stanley reduced their target price on Las Vegas Sands from $51.00 to $49.00 and set an "equal weight" rating for the company in a research report on Monday, February 24th. Four analysts have rated the stock with a hold rating and ten have issued a buy 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 $59.42.
View Our Latest Analysis on LVS
Las Vegas Sands Profile
(
Free Report)
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and Marina Bay Sands in Singapore.
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