Grantham Mayo Van Otterloo & Co. LLC lowered its position in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 9.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 240,006 shares of the casino operator's stock after selling 23,843 shares during the period. Grantham Mayo Van Otterloo & Co. LLC's holdings in Las Vegas Sands were worth $12,327,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LVS. HighTower Advisors LLC raised its holdings in Las Vegas Sands by 192.4% during the third quarter. HighTower Advisors LLC now owns 180,790 shares of the casino operator's stock valued at $9,172,000 after buying an additional 118,958 shares in the last quarter. Quantinno Capital Management LP increased its holdings in shares of Las Vegas Sands by 39.9% during the 3rd quarter. Quantinno Capital Management LP now owns 9,569 shares of the casino operator's stock valued at $482,000 after acquiring an additional 2,730 shares during the last quarter. National Bank of Canada FI raised its stake in shares of Las Vegas Sands by 41.7% in the 3rd quarter. National Bank of Canada FI now owns 144,330 shares of the casino operator's stock valued at $7,266,000 after acquiring an additional 42,492 shares in the last quarter. Hodges Capital Management Inc. acquired a new stake in Las Vegas Sands in the 3rd quarter worth approximately $227,000. Finally, MML Investors Services LLC boosted its position in Las Vegas Sands by 6.5% during the third quarter. MML Investors Services LLC now owns 12,210 shares of the casino operator's stock worth $615,000 after purchasing an additional 743 shares during the period. Institutional investors own 39.16% of the company's stock.
Las Vegas Sands Stock Performance
LVS traded up $0.34 on Friday, hitting $32.06. 5,115,165 shares of the stock traded hands, compared to its average volume of 6,084,359. The business has a fifty day moving average price of $41.09 and a two-hundred day moving average price of $47.11. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35. The firm has a market capitalization of $22.65 billion, a PE ratio of 16.27, a P/E/G ratio of 1.41 and a beta of 0.99. 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 released 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, research analysts predict that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.
Las Vegas Sands Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Monday, February 10th were paid a $0.25 dividend. This is a boost from Las Vegas Sands's previous quarterly dividend of $0.20. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.12%. Las Vegas Sands's dividend payout ratio is currently 50.76%.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on LVS. Jefferies Financial Group raised shares of Las Vegas Sands from a "hold" rating to a "buy" rating and lifted their price target for the company from $60.00 to $69.00 in a research report on Friday, January 3rd. Barclays dropped their target price on shares of Las Vegas Sands from $61.00 to $58.00 and set an "overweight" rating on the stock in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Las Vegas Sands from $66.00 to $62.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. JPMorgan Chase & Co. lowered their price target on Las Vegas Sands from $62.00 to $61.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 29th. Finally, Macquarie boosted their price objective on Las Vegas Sands from $57.00 to $58.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Las Vegas Sands has an average rating of "Moderate Buy" and a consensus target price of $59.42.
Check Out Our Latest Report on Las Vegas Sands
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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