Natixis Advisors LLC lowered its holdings in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 24.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 179,771 shares of the casino operator's stock after selling 57,585 shares during the quarter. Natixis Advisors LLC's holdings in Las Vegas Sands were worth $9,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also bought and sold shares of the company. Catalyst Funds Management Pty Ltd increased its holdings in Las Vegas Sands by 8.3% in the 4th quarter. Catalyst Funds Management Pty Ltd now owns 5,200 shares of the casino operator's stock valued at $267,000 after acquiring an additional 400 shares during the last quarter. Madison Investment Advisors LLC bought a new position in Las Vegas Sands during the 4th quarter worth about $20,164,000. Achmea Investment Management B.V. purchased a new position in Las Vegas Sands during the fourth quarter valued at approximately $1,039,000. Sequoia Financial Advisors LLC increased its holdings in shares of Las Vegas Sands by 40.8% in the 4th quarter. Sequoia Financial Advisors LLC now owns 6,341 shares of the casino operator's stock valued at $326,000 after acquiring an additional 1,839 shares during the period. Finally, HighTower Advisors LLC lifted its position in shares of Las Vegas Sands by 113.2% during the fourth quarter. HighTower Advisors LLC now owns 385,354 shares of the casino operator's stock valued at $19,792,000 after buying an additional 204,564 shares during the last quarter. Hedge funds and other institutional investors own 39.16% of the company's stock.
Las Vegas Sands Stock Performance
LVS stock traded down $1.29 during trading on Tuesday, hitting $40.21. The company had a trading volume of 7,673,425 shares, compared to its average volume of 5,671,779. The firm has a market cap of $28.79 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 1.41 and a beta of 1.07. The firm has a 50-day moving average price of $43.93 and a 200-day moving average price of $47.81. 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 Corp. has a 1-year low of $36.62 and a 1-year high of $56.61.
Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The casino operator reported $0.54 EPS for the quarter, missing the consensus estimate 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, analysts expect that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.
Las Vegas Sands Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Monday, February 10th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This is a boost from Las Vegas Sands's previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 2.49%. Las Vegas Sands's payout ratio is currently 50.76%.
Analyst Ratings Changes
Several research firms recently issued reports on LVS. Jefferies Financial Group raised Las Vegas Sands from a "hold" rating to a "buy" rating and upped their target price for the company from $60.00 to $69.00 in a research report on Friday, January 3rd. JPMorgan Chase & Co. cut their price target on shares of Las Vegas Sands from $62.00 to $61.00 and set an "overweight" rating for the company in a report on Wednesday, January 29th. Wells Fargo & Company dropped their price target on Las Vegas Sands from $60.00 to $59.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. Morgan Stanley decreased 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, Barclays dropped their price objective on shares of Las Vegas Sands from $61.00 to $58.00 and set an "overweight" rating for the company in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, Las Vegas Sands currently has an average rating of "Moderate Buy" and a consensus target price of $59.42.
Check Out Our Latest Stock Report on Las Vegas Sands
About Las Vegas Sands
(
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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