Bayesian Capital Management LP Invests $425,000 in Las Vegas Sands Corp. (NYSE:LVS)

Bayesian Capital Management LP purchased a new stake in Las Vegas Sands Corp. (NYSE:LVS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,269 shares of the casino operator's stock, valued at approximately $425,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital Research Global Investors lifted its holdings in shares of Las Vegas Sands by 26.5% in the 4th quarter. Capital Research Global Investors now owns 58,824,289 shares of the casino operator's stock worth $3,021,205,000 after buying an additional 12,304,533 shares during the period. Fisher Asset Management LLC grew its holdings in Las Vegas Sands by 1.2% during the 4th quarter. Fisher Asset Management LLC now owns 13,810,351 shares of the casino operator's stock worth $709,300,000 after acquiring an additional 160,711 shares in the last quarter. Bank of New York Mellon Corp increased its position in Las Vegas Sands by 13.5% during the 4th quarter. Bank of New York Mellon Corp now owns 11,662,548 shares of the casino operator's stock valued at $598,988,000 after purchasing an additional 1,389,963 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Las Vegas Sands by 29.8% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,382,267 shares of the casino operator's stock valued at $481,873,000 after purchasing an additional 2,152,829 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Las Vegas Sands by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 8,637,600 shares of the casino operator's stock worth $443,086,000 after purchasing an additional 80,709 shares during the period. Institutional investors own 39.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on LVS. Hsbc Global Res raised shares of Las Vegas Sands to a "strong-buy" rating in a research note on Thursday, April 24th. Macquarie decreased their price objective on Las Vegas Sands from $58.00 to $52.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Stifel Nicolaus set a $57.00 price target on shares of Las Vegas Sands and gave the company a "buy" rating in a research report on Thursday, April 24th. Citigroup lifted their price target 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. Finally, Morgan Stanley decreased their price objective on Las Vegas Sands from $47.00 to $45.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $56.75.

Las Vegas Sands Stock Up 1.4 %

LVS stock opened at $38.84 on Wednesday. The firm has a market cap of $27.45 billion, a PE ratio of 19.72, a PEG ratio of 1.41 and a beta of 0.99. Las Vegas Sands Corp. has a one year low of $30.18 and a one year high of $56.61. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.73 and a current ratio of 0.74. The firm's 50 day moving average price is $38.30 and its 200-day moving average price is $45.16.

Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The casino operator reported $0.59 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.01). The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.95 billion. Las Vegas Sands had a net margin of 12.80% and a return on equity of 45.82%. The business's revenue for the quarter was down 3.3% on a year-over-year basis. During the same period last year, the company earned $0.78 EPS. On average, equities research analysts anticipate that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Tuesday, May 6th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.57%. The ex-dividend date is Tuesday, May 6th. Las Vegas Sands's payout ratio is 55.56%.

Las Vegas Sands announced that its Board of Directors has initiated a share buyback program on Wednesday, April 23rd that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the casino operator to repurchase up to 8.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Las Vegas Sands 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.

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