Bamco Inc. NY Acquires 357,234 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Bamco Inc. NY grew its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 29.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,581,075 shares of the casino operator's stock after buying an additional 357,234 shares during the period. Bamco Inc. NY owned approximately 0.22% of Las Vegas Sands worth $79,591,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the stock. Bank of New York Mellon Corp lifted its stake in shares of Las Vegas Sands by 15.7% in the second quarter. Bank of New York Mellon Corp now owns 11,351,573 shares of the casino operator's stock valued at $502,307,000 after buying an additional 1,536,754 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Las Vegas Sands by 0.8% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,500,248 shares of the casino operator's stock valued at $376,136,000 after acquiring an additional 68,568 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Las Vegas Sands by 1.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 5,627,422 shares of the casino operator's stock valued at $283,284,000 after purchasing an additional 77,807 shares during the last quarter. ARGA Investment Management LP boosted its stake in Las Vegas Sands by 24.8% during the 3rd quarter. ARGA Investment Management LP now owns 4,924,340 shares of the casino operator's stock valued at $247,891,000 after purchasing an additional 977,636 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Las Vegas Sands by 44.1% during the 2nd quarter. Renaissance Technologies LLC now owns 2,949,670 shares of the casino operator's stock worth $130,523,000 after purchasing an additional 903,400 shares in the last quarter. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 24,324 shares of the company's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following the completion of the transaction, the chief executive officer now owns 60,187 shares of the company's stock, valued at $3,129,724. This represents a 28.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.91% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Barclays lifted their target price on Las Vegas Sands from $52.00 to $58.00 and gave the company an "overweight" rating in a research report on Thursday, October 17th. UBS Group lifted their price objective on shares of Las Vegas Sands from $49.00 to $50.00 and gave the stock a "neutral" rating in a report on Tuesday, November 5th. Mizuho increased their target price on shares of Las Vegas Sands from $52.00 to $57.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. JPMorgan Chase & Co. boosted their price target on shares of Las Vegas Sands from $53.00 to $60.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. Finally, Stifel Nicolaus increased their price objective on shares of Las Vegas Sands from $55.00 to $64.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $58.00.

Las Vegas Sands Price Performance

Shares of LVS traded up $2.11 during midday trading on Monday, hitting $55.17. 4,723,008 shares of the company traded hands, compared to its average volume of 5,745,260. The stock has a 50-day moving average of $50.77 and a 200-day moving average of $45.01. The firm has a market cap of $40.00 billion, a P/E ratio of 26.27, a PEG ratio of 1.40 and a beta of 1.11. Las Vegas Sands Corp. has a one year low of $36.62 and a one year high of $55.65. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 0.89.

Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.09). The business had revenue of $2.68 billion for the quarter, compared to analysts' expectations of $2.79 billion. Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. Las Vegas Sands's quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 earnings per share. As a group, sell-side analysts predict that Las Vegas Sands Corp. will post 2.33 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.45%. The ex-dividend date was Tuesday, November 5th. Las Vegas Sands's dividend payout ratio (DPR) is currently 39.60%.

About Las Vegas Sands

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.