Proficio Capital Partners LLC Purchases Shares of 36,788 Las Vegas Sands Corp. (NYSE:LVS)

Proficio Capital Partners LLC acquired a new position in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,788 shares of the casino operator's stock, valued at approximately $1,889,000.

Several other hedge funds have also recently bought and sold shares of the stock. M&T Bank Corp raised its stake in Las Vegas Sands by 6.3% during the fourth quarter. M&T Bank Corp now owns 16,054 shares of the casino operator's stock worth $824,000 after acquiring an additional 955 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Las Vegas Sands by 9.7% during the fourth quarter. Assetmark Inc. now owns 143,209 shares of the casino operator's stock worth $7,355,000 after purchasing an additional 12,690 shares during the last quarter. Cookson Peirce & Co. Inc. bought a new stake in shares of Las Vegas Sands during the fourth quarter worth $539,000. Keybank National Association OH grew its holdings in shares of Las Vegas Sands by 7.4% during the fourth quarter. Keybank National Association OH now owns 9,348 shares of the casino operator's stock worth $480,000 after purchasing an additional 645 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Las Vegas Sands by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,138,062 shares of the casino operator's stock worth $109,811,000 after purchasing an additional 46,608 shares during the last quarter. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Las Vegas Sands Stock Down 2.1 %

Shares of NYSE:LVS traded down $0.91 during trading on Friday, hitting $41.98. 7,760,336 shares of the company were exchanged, compared to its average volume of 5,672,720. The stock has a market cap of $30.05 billion, a price-to-earnings ratio of 21.31, a P/E/G ratio of 1.41 and a beta of 1.07. Las Vegas Sands Corp. has a fifty-two week low of $36.62 and a fifty-two week high of $56.61. The firm has a fifty day moving average price of $44.04 and a two-hundred day moving average price of $47.74. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35.

Remove Ads

Las Vegas Sands (NYSE:LVS - Get Free Report) last issued its earnings results 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 return on equity of 45.82% and a net margin of 12.80%. As a group, 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Monday, February 10th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.38%. This is a boost from Las Vegas Sands's previous quarterly dividend of $0.20. Las Vegas Sands's payout ratio is 50.76%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LVS. Morgan Stanley decreased their target price on Las Vegas Sands from $51.00 to $49.00 and set an "equal weight" rating on the stock in a report on Monday, February 24th. Jefferies Financial Group upgraded Las Vegas Sands from a "hold" rating to a "buy" rating and increased their target price for the stock from $60.00 to $69.00 in a report on Friday, January 3rd. Macquarie increased their target price on Las Vegas Sands from $57.00 to $58.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. Barclays decreased their target price on Las Vegas Sands from $61.00 to $58.00 and set an "overweight" rating on the stock in a report on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Las Vegas Sands from $66.00 to $62.00 and set a "buy" rating on the stock 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.com, the company presently has an average rating of "Moderate Buy" and an average target price of $59.42.

Las Vegas Sands Company Profile

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.