Renaissance Technologies LLC decreased its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,090,979 shares of the casino operator's stock after selling 55,659 shares during the quarter. Renaissance Technologies LLC owned about 0.43% of Las Vegas Sands worth $158,753,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Polymer Capital Management HK LTD purchased a new position in shares of Las Vegas Sands during the 4th quarter worth about $2,311,000. Envestnet Asset Management Inc. increased its position in Las Vegas Sands by 26.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 155,217 shares of the casino operator's stock worth $7,972,000 after purchasing an additional 32,168 shares during the last quarter. Aviva PLC raised its stake in Las Vegas Sands by 1.3% during the fourth quarter. Aviva PLC now owns 35,623 shares of the casino operator's stock worth $1,830,000 after purchasing an additional 457 shares during the period. Resona Asset Management Co. Ltd. acquired a new position in shares of Las Vegas Sands in the 4th quarter valued at $5,407,000. Finally, Huntington National Bank boosted its holdings in shares of Las Vegas Sands by 64.1% in the 4th quarter. Huntington National Bank now owns 1,142 shares of the casino operator's stock valued at $59,000 after purchasing an additional 446 shares during the last quarter. 39.16% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
LVS has been the subject of a number of research reports. Wells Fargo & Company lowered 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. Barclays decreased 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 research note on Wednesday, January 29th. Jefferies Financial Group raised shares of Las Vegas Sands from a "hold" rating to a "buy" rating and increased their price objective for the stock from $60.00 to $69.00 in a research report on Friday, January 3rd. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Las Vegas Sands from $66.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Finally, Morgan Stanley lowered 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. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Las Vegas Sands currently has a consensus rating of "Moderate Buy" and an average target price of $59.42.
Get Our Latest Stock Analysis on Las Vegas Sands
Las Vegas Sands Stock Up 1.1 %
LVS stock traded up $0.34 during mid-day trading on Friday, hitting $32.06. 5,115,165 shares of the company were exchanged, compared to its average volume of 6,097,169. The firm has a fifty day simple moving average of $41.09 and a 200 day simple moving average of $47.10. The company has a market capitalization of $22.65 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 1.41 and a beta of 0.99. Las Vegas Sands Corp. has a twelve month low of $30.18 and a twelve month high of $56.61. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35.
Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The casino operator reported $0.54 earnings per share 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, research analysts forecast 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 disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Monday, February 10th were paid 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 3.12%. Las Vegas Sands's dividend payout ratio (DPR) is 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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