AXQ Capital LP purchased a new stake in Las Vegas Sands Corp. (NYSE:LVS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 9,254 shares of the casino operator's stock, valued at approximately $475,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LVS. Empowered Funds LLC boosted its stake in shares of Las Vegas Sands by 3.6% in the 3rd quarter. Empowered Funds LLC now owns 6,050 shares of the casino operator's stock valued at $305,000 after purchasing an additional 213 shares during the last quarter. Raymond James Trust N.A. raised its position in shares of Las Vegas Sands by 4.7% during the 3rd quarter. Raymond James Trust N.A. now owns 5,062 shares of the casino operator's stock valued at $255,000 after acquiring an additional 229 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in shares of Las Vegas Sands by 3.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 6,505 shares of the casino operator's stock valued at $334,000 after purchasing an additional 231 shares during the period. Wilmington Savings Fund Society FSB boosted its position in shares of Las Vegas Sands by 45.6% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 760 shares of the casino operator's stock worth $39,000 after purchasing an additional 238 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in shares of Las Vegas Sands by 73.5% during the fourth 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. 39.16% of the stock is currently owned by institutional investors and hedge funds.
Las Vegas Sands Stock Down 3.1 %
Shares of LVS traded down $1.29 during midday trading on Tuesday, hitting $40.21. The stock had a trading volume of 5,982,180 shares, compared to its average volume of 5,671,779. The firm has a market cap of $28.79 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 1.41 and a beta of 1.07. The company has a 50 day simple moving average of $43.93 and a two-hundred day simple moving average of $47.81. The company has a debt-to-equity ratio of 3.35, a current ratio of 0.74 and a quick ratio of 0.73. Las Vegas Sands Corp. has a twelve month low of $36.62 and a twelve month high of $56.61.
Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its quarterly earnings data 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 net margin of 12.80% and a return on equity of 45.82%. On average, analysts anticipate that Las Vegas Sands Corp. will post 2.6 EPS for the current year.
Las Vegas Sands Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Monday, February 10th were issued a $0.25 dividend. 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. This represents a $1.00 annualized dividend and a dividend yield of 2.49%. Las Vegas Sands's dividend payout ratio (DPR) is presently 50.76%.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on LVS shares. Citigroup increased 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 reduced 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 note on Wednesday, January 29th. Wells Fargo & Company lowered their target price on shares of Las Vegas Sands from $60.00 to $59.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. Macquarie increased their target price on shares of Las Vegas Sands from $57.00 to $58.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. Finally, Jefferies Financial Group raised shares of Las Vegas Sands from a "hold" rating to a "buy" rating and boosted their price target for the company from $60.00 to $69.00 in a report on Friday, January 3rd. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $59.42.
Read Our Latest Research Report on LVS
About Las Vegas Sands
(
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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