Assetmark Inc. grew its position in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 9.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 143,209 shares of the casino operator's stock after buying an additional 12,690 shares during the period. Assetmark Inc.'s holdings in Las Vegas Sands were worth $7,355,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in LVS. Wilmington Savings Fund Society FSB bought a new position in Las Vegas Sands in the third quarter worth about $26,000. Bank of Jackson Hole Trust acquired a new stake in shares of Las Vegas Sands during the 4th quarter worth approximately $26,000. UMB Bank n.a. raised its position in shares of Las Vegas Sands by 73.5% during the 4th quarter. UMB Bank n.a. now owns 583 shares of the casino operator's stock worth $30,000 after purchasing an additional 247 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of Las Vegas Sands in the 3rd quarter worth approximately $34,000. Finally, Capital Performance Advisors LLP acquired a new position in Las Vegas Sands during the 3rd quarter valued at approximately $43,000. Institutional investors and hedge funds own 39.16% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have weighed in on LVS shares. Citigroup raised their target price on Las Vegas Sands from $64.50 to $67.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Las Vegas Sands from $66.00 to $62.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Barclays decreased their target price on shares of Las Vegas Sands from $61.00 to $58.00 and set an "overweight" rating for the company in a research report on Wednesday, January 29th. Morgan Stanley dropped their price target on shares of Las Vegas Sands from $51.00 to $49.00 and set an "equal weight" rating on the stock in a research note on Monday, February 24th. Finally, Jefferies Financial Group upgraded Las Vegas Sands from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $60.00 to $69.00 in a research report on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $59.42.
Check Out Our Latest Stock Analysis on LVS
Las Vegas Sands Price Performance
Shares of LVS stock traded down $0.41 during mid-day trading on Friday, hitting $44.99. 4,715,092 shares of the stock traded hands, compared to its average volume of 5,619,653. Las Vegas Sands Corp. has a twelve month low of $36.62 and a twelve month high of $56.61. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.73 and a current ratio of 0.74. The company's 50-day simple moving average is $45.34 and its 200-day simple moving average is $47.44. The firm has a market cap of $32.21 billion, a price-to-earnings ratio of 22.84, a price-to-earnings-growth ratio of 1.41 and a beta of 1.07.
Las Vegas Sands (NYSE:LVS - Get Free Report) last released its earnings results on Wednesday, January 29th. The casino operator reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.58 by ($0.04). Las Vegas Sands had a return on equity of 45.82% and a net margin of 12.80%. As a group, equities research analysts expect that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.
Las Vegas Sands Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Monday, February 10th were issued a $0.25 dividend. This is an increase from Las Vegas Sands's previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend was Monday, February 10th. Las Vegas Sands's payout ratio is presently 50.76%.
Las Vegas Sands Company Profile
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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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