DoubleLine ETF Adviser LP acquired a new position in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 8,609 shares of the casino operator's stock, valued at approximately $333,000.
Other hedge funds have also modified their holdings of the company. Janus Henderson Group PLC raised its holdings in Las Vegas Sands by 55.7% during the 4th quarter. Janus Henderson Group PLC now owns 14,218,581 shares of the casino operator's stock valued at $730,295,000 after buying an additional 5,088,095 shares during the period. Nuveen LLC purchased a new stake in Las Vegas Sands during the 1st quarter valued at $183,836,000. Vanguard Group Inc. raised its holdings in Las Vegas Sands by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 41,249,208 shares of the casino operator's stock valued at $1,593,457,000 after buying an additional 2,267,307 shares during the period. ARGA Investment Management LP raised its holdings in Las Vegas Sands by 12.9% during the 1st quarter. ARGA Investment Management LP now owns 7,342,577 shares of the casino operator's stock valued at $283,644,000 after buying an additional 841,195 shares during the period. Finally, Invesco Ltd. raised its holdings in Las Vegas Sands by 9.1% during the 1st quarter. Invesco Ltd. now owns 9,442,798 shares of the casino operator's stock valued at $364,775,000 after buying an additional 790,952 shares during the period. 39.16% of the stock is owned by hedge funds and other institutional investors.
Las Vegas Sands Trading Up 0.4%
Las Vegas Sands stock traded up $0.24 during mid-day trading on Wednesday, hitting $54.24. The company's stock had a trading volume of 1,917,428 shares, compared to its average volume of 5,552,542. The company has a 50 day moving average of $52.42 and a 200-day moving average of $44.31. The stock has a market cap of $37.23 billion, a PE ratio of 27.39, a P/E/G ratio of 1.96 and a beta of 1.04. The company has a debt-to-equity ratio of 6.53, a quick ratio of 1.21 and a current ratio of 1.22. 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 posted its quarterly earnings results on Wednesday, July 23rd. The casino operator reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.26. Las Vegas Sands had a return on equity of 55.37% and a net margin of 12.16%.The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the prior year, the company earned $0.55 EPS. The business's revenue was up 15.0% compared to the same quarter last year. On average, 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 declared a quarterly dividend, which was paid on Wednesday, August 13th. Stockholders of record on Tuesday, August 5th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.8%. Las Vegas Sands's dividend payout ratio is presently 50.51%.
Wall Street Analysts Forecast Growth
LVS has been the topic of several recent research reports. Citigroup restated a "buy" rating on shares of Las Vegas Sands in a report on Wednesday, July 9th. Bank of America increased their price target on Las Vegas Sands from $52.50 to $58.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Susquehanna cut their price objective on Las Vegas Sands from $59.00 to $58.00 and set a "positive" rating on the stock in a research report on Monday, July 21st. Macquarie upped their price objective on Las Vegas Sands from $52.00 to $58.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Finally, Mizuho upped their price objective on Las Vegas Sands from $47.00 to $56.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $59.00.
Check Out 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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