Las Vegas Sands Corp. (NYSE:LVS) Shares Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 101.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,921 shares of the casino operator's stock after purchasing an additional 12,543 shares during the period. Tower Research Capital LLC TRC's holdings in Las Vegas Sands were worth $1,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. grew its position in Las Vegas Sands by 3.7% during the 4th quarter. Oppenheimer & Co. Inc. now owns 6,505 shares of the casino operator's stock worth $334,000 after purchasing an additional 231 shares during the period. Wilmington Savings Fund Society FSB grew its holdings in Las Vegas Sands by 45.6% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 760 shares of the casino operator's stock worth $39,000 after acquiring an additional 238 shares during the period. UMB Bank n.a. raised its position in Las Vegas Sands by 73.5% during the fourth quarter. UMB Bank n.a. now owns 583 shares of the casino operator's stock valued at $30,000 after acquiring an additional 247 shares in the last quarter. E Fund Management Co. Ltd. lifted its holdings in Las Vegas Sands by 4.7% in the fourth quarter. E Fund Management Co. Ltd. now owns 5,595 shares of the casino operator's stock valued at $287,000 after acquiring an additional 250 shares during the period. Finally, RiverFront Investment Group LLC grew its position in Las Vegas Sands by 2.6% during the fourth quarter. RiverFront Investment Group LLC now owns 10,257 shares of the casino operator's stock valued at $527,000 after buying an additional 257 shares during the period. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Las Vegas Sands Trading Down 2.0 %

Las Vegas Sands stock traded down $0.74 during mid-day trading on Friday, hitting $35.87. The company's stock had a trading volume of 6,977,424 shares, compared to its average volume of 6,062,794. The stock's fifty day moving average is $39.27 and its two-hundred day moving average is $45.86. 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 $25.35 billion, a PE ratio of 18.21, a price-to-earnings-growth ratio of 1.41 and a beta of 0.99. Las Vegas Sands Corp. has a 1 year low of $30.18 and a 1 year high of $56.61.

Las Vegas Sands (NYSE:LVS - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The casino operator reported $0.59 earnings per share for the quarter, missing analysts' consensus estimates of $0.60 by ($0.01). The business had revenue of $2.86 billion for the quarter, compared to analysts' expectations of $2.95 billion. Las Vegas Sands had a return on equity of 45.82% and a net margin of 12.80%. During the same quarter in the prior year, the company posted $0.78 earnings per share. On average, analysts anticipate that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands declared that its board has authorized a share buyback program on Wednesday, April 23rd that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the casino operator to buy up to 8.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.

Las Vegas Sands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Tuesday, May 6th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend is Tuesday, May 6th. Las Vegas Sands's dividend payout ratio is presently 55.56%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. 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 note on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price objective on Las Vegas Sands from $62.00 to $61.00 and set an "overweight" rating on the stock in a report on Wednesday, January 29th. Citigroup upped their target price on shares of Las Vegas Sands from $64.50 to $67.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Morgan Stanley decreased their price target on shares of Las Vegas Sands from $47.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Finally, Wells Fargo & Company dropped their price objective 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. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Las Vegas Sands currently has a consensus rating of "Moderate Buy" and an average price target of $56.75.

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.