Ground Swell Capital LLC acquired a new position in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,825 shares of the casino operator's stock, valued at approximately $225,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Research Global Investors lifted its position in shares of Las Vegas Sands by 26.5% during the 4th quarter. Capital Research Global Investors now owns 58,824,289 shares of the casino operator's stock valued at $3,021,205,000 after buying an additional 12,304,533 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of 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 in the last quarter. Nuveen LLC purchased a new position in shares of Las Vegas Sands during the 1st quarter valued at approximately $183,836,000. Vanguard Group Inc. lifted its position in shares of 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 in the last quarter. Finally, ARGA Investment Management LP lifted its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 39.16% of the company's stock.
Las Vegas Sands Stock Performance
Shares of LVS opened at $54.36 on Thursday. The stock has a 50-day simple moving average of $47.56 and a 200-day simple moving average of $42.80. The company has a debt-to-equity ratio of 6.53, a quick ratio of 1.21 and a current ratio of 1.22. The stock has a market capitalization of $37.32 billion, a PE ratio of 27.45, a PEG ratio of 2.04 and a beta of 1.08. Las Vegas Sands Corp. has a 1 year low of $30.18 and a 1 year high of $56.60.
Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The casino operator reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.26. The business had revenue of $3.18 billion during the quarter, compared to analysts' expectations of $2.83 billion. Las Vegas Sands had a return on equity of 55.37% and a net margin of 12.16%. The business's quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 EPS. On average, analysts predict that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.
Las Vegas Sands announced that its Board of Directors has authorized a share buyback plan on Wednesday, April 23rd that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the casino operator to buy up to 8.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its shares are undervalued.
Las Vegas Sands Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 13th. Investors of record on Tuesday, August 5th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, August 5th. This represents a $1.00 annualized dividend and a yield of 1.8%. Las Vegas Sands's payout ratio is presently 50.51%.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on LVS shares. JPMorgan Chase & Co. increased their target price on Las Vegas Sands from $47.00 to $56.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. UBS Group increased their target price on Las Vegas Sands from $48.00 to $55.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Hsbc Global Res upgraded Las Vegas Sands to a "strong-buy" rating in a report on Thursday, April 24th. Wall Street Zen upgraded Las Vegas Sands from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Finally, Stifel Nicolaus set a $57.00 price objective on Las Vegas Sands and gave the company a "buy" rating in a report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $58.33.
Check Out Our Latest Research Report on LVS
About Las Vegas Sands
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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.
See Also
Want to see what other hedge funds are holding LVS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Las Vegas Sands Corp. (NYSE:LVS - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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