Groupama Asset Managment Lowers Stock Position in Las Vegas Sands Corp. (NYSE:LVS)

Groupama Asset Managment decreased its position in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 59.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,903 shares of the casino operator's stock after selling 20,260 shares during the period. Groupama Asset Managment's holdings in Las Vegas Sands were worth $705,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of LVS. Wilmington Savings Fund Society FSB acquired a new position in Las Vegas Sands during the third quarter valued at $26,000. Bank of Jackson Hole Trust acquired a new stake in shares of Las Vegas Sands in the 4th quarter worth $26,000. UMB Bank n.a. grew its position in Las Vegas Sands by 73.5% in the fourth quarter. UMB Bank n.a. now owns 583 shares of the casino operator's stock worth $30,000 after acquiring an additional 247 shares during the period. Brown Brothers Harriman & Co. purchased a new stake in shares of Las Vegas Sands in the 4th quarter valued at $36,000. Finally, Smartleaf Asset Management LLC increased its holdings in Las Vegas Sands by 63.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 885 shares of the casino operator's stock worth $45,000 after purchasing an additional 342 shares during the period. Institutional investors own 39.16% of the company's stock.

Analyst Ratings Changes

LVS has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective 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. Jefferies Financial Group upgraded Las Vegas Sands from a "hold" rating to a "buy" rating and lifted their target price for the company from $60.00 to $69.00 in a report on Friday, January 3rd. Macquarie raised their target price on Las Vegas Sands from $57.00 to $58.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Morgan Stanley cut their target price 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, JPMorgan Chase & Co. reduced their price objective on Las Vegas Sands from $62.00 to $61.00 and set an "overweight" rating for the company in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $59.42.

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Las Vegas Sands Price Performance

NYSE LVS traded down $1.73 during trading hours on Monday, hitting $31.65. The company had a trading volume of 3,435,768 shares, compared to its average volume of 5,948,611. Las Vegas Sands Corp. has a 52 week low of $31.54 and a 52 week high of $56.61. The firm has a 50 day simple moving average of $42.88 and a 200 day simple moving average of $47.71. 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 firm has a market capitalization of $22.66 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 1.41 and a beta of 0.99.

Las Vegas Sands (NYSE:LVS - Get Free Report) last released its earnings results on Wednesday, January 29th. The casino operator reported $0.54 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%. 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 disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Monday, February 10th were paid a $0.25 dividend. This is an increase 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 yield of 3.16%. Las Vegas Sands's payout ratio is 50.76%.

Las Vegas Sands Profile

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.