Bridgefront Capital LLC Cuts Stock Position in Las Vegas Sands Corp. (NYSE:LVS)

Bridgefront Capital LLC lowered its stake in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 58.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,104 shares of the casino operator's stock after selling 15,499 shares during the period. Bridgefront Capital LLC's holdings in Las Vegas Sands were worth $570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of 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 worth $1,707,000 after buying an additional 8,032 shares during the period. ARGA Investment Management LP lifted its position in Las Vegas Sands by 32.0% during the 4th quarter. ARGA Investment Management LP now owns 6,501,382 shares of the casino operator's stock worth $333,911,000 after acquiring an additional 1,577,042 shares during the period. Fisher Asset Management LLC grew its stake in shares of Las Vegas Sands by 1.2% in the 4th quarter. Fisher Asset Management LLC now owns 13,810,351 shares of the casino operator's stock valued at $709,300,000 after purchasing an additional 160,711 shares during the last quarter. Polymer Capital Management HK LTD acquired a new position in shares of Las Vegas Sands in the fourth quarter valued at approximately $2,311,000. Finally, World Equity Group Inc. raised its stake in shares of Las Vegas Sands by 82.9% during the fourth quarter. World Equity Group Inc. now owns 25,602 shares of the casino operator's stock worth $1,315,000 after purchasing an additional 11,602 shares during the last quarter. Hedge funds and other institutional investors own 39.16% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on LVS. Morgan Stanley cut their price objective on shares of Las Vegas Sands from $47.00 to $45.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. JPMorgan Chase & Co. reduced their price objective on shares of Las Vegas Sands from $62.00 to $61.00 and set an "overweight" rating for the company in a research report on Wednesday, January 29th. Wells Fargo & Company dropped their target price on Las Vegas Sands from $60.00 to $59.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft reduced their price target on Las Vegas Sands from $66.00 to $62.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Finally, Citigroup increased their price objective on Las Vegas Sands from $64.50 to $67.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Four equities 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 company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $56.75.

Las Vegas Sands Trading Up 0.1 %

Shares of NYSE:LVS traded up $0.04 during trading on Friday, reaching $39.80. The stock had a trading volume of 5,363,727 shares, compared to its average volume of 6,126,849. 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 stock has a market cap of $28.12 billion, a P/E ratio of 20.20, a PEG ratio of 1.41 and a beta of 0.99. The business has a fifty day moving average price of $37.97 and a 200-day moving average price of $44.92. Las Vegas Sands Corp. has a fifty-two week low of $30.18 and a fifty-two week high of $56.61.

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

Las Vegas Sands declared that its Board of Directors has authorized a share buyback plan on Wednesday, April 23rd that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the casino operator to buy up to 8.2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Las Vegas Sands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Tuesday, May 6th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date is Tuesday, May 6th. Las Vegas Sands's dividend payout ratio is currently 55.56%.

About Las Vegas Sands

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.