Meeder Asset Management Inc. boosted its position in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 40.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 126,310 shares of the casino operator's stock after acquiring an additional 36,567 shares during the quarter. Meeder Asset Management Inc.'s holdings in Las Vegas Sands were worth $6,487,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Janus Henderson Group PLC raised its stake in Las Vegas Sands by 159.6% during the 3rd quarter. Janus Henderson Group PLC now owns 9,130,486 shares of the casino operator's stock worth $459,630,000 after acquiring an additional 5,612,975 shares during the period. Norges Bank purchased a new position in shares of Las Vegas Sands during the 4th quarter valued at $216,571,000. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Las Vegas Sands by 29.8% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,382,267 shares of the casino operator's stock worth $481,873,000 after buying an additional 2,152,829 shares in the last quarter. ARGA Investment Management LP lifted its position in shares of Las Vegas Sands by 32.0% in the fourth quarter. ARGA Investment Management LP now owns 6,501,382 shares of the casino operator's stock valued at $333,911,000 after acquiring an additional 1,577,042 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Las Vegas Sands by 13.5% in the fourth quarter. Bank of New York Mellon Corp now owns 11,662,548 shares of the casino operator's stock worth $598,988,000 after acquiring an additional 1,389,963 shares during the period. Hedge funds and other institutional investors own 39.16% of the company's stock.
Las Vegas Sands Stock Down 7.7 %
Shares of LVS stock traded down $2.80 on Friday, hitting $33.61. The stock had a trading volume of 3,866,838 shares, compared to its average volume of 5,903,441. Las Vegas Sands Corp. has a one year low of $32.75 and a one year high of $56.61. The business has a 50 day moving average price of $43.08 and a 200 day moving average price of $47.66. The company has a market cap of $24.07 billion, a PE ratio of 17.05, a P/E/G ratio of 1.41 and a beta of 0.99. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 3.35.
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%. Research analysts anticipate that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.
Las Vegas Sands Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Monday, February 10th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.97%. This is a positive change from Las Vegas Sands's previous quarterly dividend of $0.20. The ex-dividend date was Monday, February 10th. Las Vegas Sands's dividend payout ratio is presently 50.76%.
Wall Street Analysts Forecast Growth
LVS has been the subject of a number of research analyst reports. Jefferies Financial Group raised shares of Las Vegas Sands from a "hold" rating to a "buy" rating and increased their price objective for the company from $60.00 to $69.00 in a report on Friday, January 3rd. JPMorgan Chase & Co. decreased their price target on shares of Las Vegas Sands from $62.00 to $61.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 29th. Barclays cut their price objective on 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 cut their price target on Las Vegas Sands from $51.00 to $49.00 and set an "equal weight" rating for the company in a report on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft dropped 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 note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $59.42.
Read Our Latest Report on LVS
Las Vegas Sands Company 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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