New Age Alpha Advisors LLC bought a new position in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 61,428 shares of the casino operator's stock, valued at approximately $3,155,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its position in Las Vegas Sands by 32.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,948 shares of the casino operator's stock valued at $1,707,000 after buying an additional 8,032 shares during the period. ARGA Investment Management LP boosted its stake in 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 during the last quarter. Fisher Asset Management LLC boosted its stake in Las Vegas Sands by 1.2% in the fourth quarter. Fisher Asset Management LLC now owns 13,810,351 shares of the casino operator's stock valued at $709,300,000 after acquiring an additional 160,711 shares during the last quarter. World Equity Group Inc. grew its position in shares of Las Vegas Sands by 82.9% during the 4th quarter. World Equity Group Inc. now owns 25,602 shares of the casino operator's stock valued at $1,315,000 after acquiring an additional 11,602 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Las Vegas Sands by 19.9% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 50,087 shares of the casino operator's stock worth $2,572,000 after purchasing an additional 8,326 shares during the last quarter. Hedge funds and other institutional investors own 39.16% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently commented on the company. Barclays dropped their price objective on Las Vegas Sands from $61.00 to $58.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 29th. Jefferies Financial Group raised Las Vegas Sands from a "hold" rating to a "buy" rating and upped their price target for the company from $60.00 to $69.00 in a research report on Friday, January 3rd. Citigroup lifted their price objective on Las Vegas Sands from $64.50 to $67.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Macquarie upped their price objective on shares of Las Vegas Sands from $57.00 to $58.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft reduced 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. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Las Vegas Sands presently has an average rating of "Moderate Buy" and an average price target of $59.42.
Check Out Our Latest Stock Analysis on Las Vegas Sands
Las Vegas Sands Price Performance
NYSE:LVS traded down $3.39 during mid-day trading on Thursday, hitting $35.65. 3,522,957 shares of the stock traded hands, compared to its average volume of 5,871,903. The business's 50-day moving average price is $43.22 and its 200 day moving average price is $47.74. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 3.35. The company has a market cap of $25.52 billion, a PE ratio of 18.10, a price-to-earnings-growth ratio of 1.41 and a beta of 1.07. Las Vegas Sands Corp. has a 12-month low of $35.58 and a 12-month high of $56.61.
Las Vegas Sands (NYSE:LVS - Get Free Report) last released its quarterly 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%. On average, analysts expect that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.
Las Vegas Sands Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Monday, February 10th were paid a $0.25 dividend. This is a positive change from Las Vegas Sands's previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend was Monday, February 10th. Las Vegas Sands's dividend payout ratio is currently 50.76%.
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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