AQR Capital Management LLC lifted its position in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 733.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 790,760 shares of the casino operator's stock after acquiring an additional 695,878 shares during the quarter. AQR Capital Management LLC owned 0.11% of Las Vegas Sands worth $29,725,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Center for Financial Planning Inc. acquired a new position in shares of Las Vegas Sands in the 1st quarter worth approximately $42,000. Farther Finance Advisors LLC grew its position in shares of Las Vegas Sands by 133.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,499 shares of the casino operator's stock worth $59,000 after acquiring an additional 856 shares in the last quarter. Neo Ivy Capital Management acquired a new position in shares of Las Vegas Sands in the 1st quarter worth approximately $127,000. Golden State Wealth Management LLC boosted its position in Las Vegas Sands by 103.2% during the 1st quarter. Golden State Wealth Management LLC now owns 3,587 shares of the casino operator's stock valued at $139,000 after purchasing an additional 1,822 shares during the period. Finally, AlphaQuest LLC acquired a new position in Las Vegas Sands during the 1st quarter valued at approximately $153,000. Institutional investors and hedge funds own 39.16% of the company's stock.
Las Vegas Sands Stock Performance
Las Vegas Sands stock traded up $0.19 during mid-day trading on Thursday, hitting $54.69. 4,204,086 shares of the company's stock traded hands, compared to its average volume of 5,561,951. The firm has a 50 day moving average price of $52.55 and a 200 day moving average price of $44.38. The company has a quick ratio of 1.21, a current ratio of 1.22 and a debt-to-equity ratio of 6.53. The company has a market cap of $37.54 billion, a PE ratio of 27.62, a price-to-earnings-growth ratio of 1.97 and a beta of 1.04. Las Vegas Sands Corp. has a one year low of $30.18 and a one year high of $58.05.
Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The casino operator reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.26. The firm had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $2.83 billion. Las Vegas Sands had a return on equity of 55.37% and a net margin of 12.16%.The firm's revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 EPS. On average, equities analysts forecast that Las Vegas Sands Corp. will post 2.6 EPS for the current year.
Las Vegas Sands Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 13th. Stockholders of record on Tuesday, August 5th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, August 5th. Las Vegas Sands's payout ratio is currently 50.51%.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the company. UBS Group boosted their price objective on Las Vegas Sands from $55.00 to $65.00 and gave the company a "neutral" rating in a research report on Thursday, August 28th. Bank of America boosted their price objective on Las Vegas Sands from $52.50 to $58.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. The Goldman Sachs Group assumed coverage on Las Vegas Sands in a research report on Monday, July 7th. They set a "neutral" rating and a $52.00 price objective for the company. Wall Street Zen upgraded Las Vegas Sands from a "hold" rating to a "buy" rating in a research report on Sunday. Finally, Susquehanna reduced their price objective on Las Vegas Sands from $59.00 to $58.00 and set a "positive" rating for the company in a research report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Las Vegas Sands has an average rating of "Moderate Buy" and a consensus target price of $59.47.
Read Our Latest Stock Analysis on Las Vegas Sands
Las Vegas Sands Company Profile
(
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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