Quantinno Capital Management LP Boosts Stock Position in Las Vegas Sands Corp. (NYSE:LVS)

Quantinno Capital Management LP increased its position in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 640.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,819 shares of the casino operator's stock after purchasing an additional 61,250 shares during the period. Quantinno Capital Management LP's holdings in Las Vegas Sands were worth $3,637,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Mufg Securities Americas Inc. bought a new position in Las Vegas Sands during the 4th quarter valued at about $264,000. Man Group plc bought a new position in Las Vegas Sands during the 4th quarter valued at about $2,969,000. NorthRock Partners LLC bought a new position in Las Vegas Sands during the 4th quarter valued at about $209,000. OMERS ADMINISTRATION Corp lifted its stake in Las Vegas Sands by 19.9% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 15,689 shares of the casino operator's stock valued at $806,000 after acquiring an additional 2,602 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Las Vegas Sands by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,833 shares of the casino operator's stock valued at $1,481,000 after acquiring an additional 1,120 shares during the period. Institutional investors own 39.16% of the company's stock.

Las Vegas Sands Price Performance

LVS traded down $0.28 during trading on Friday, reaching $39.81. 4,453,294 shares of the company traded hands, compared to its average volume of 6,124,935. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.73 and a current ratio of 0.74. Las Vegas Sands Corp. has a 12-month low of $30.18 and a 12-month high of $56.61. The firm has a fifty day simple moving average of $37.43 and a 200 day simple moving average of $44.18. The company has a market cap of $28.13 billion, a P/E ratio of 20.21, a PEG ratio of 1.41 and a beta of 0.99.

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

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

Las Vegas Sands Announces Dividend

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

Wall Street Analyst Weigh In

LVS has been the topic of several research analyst reports. Wells Fargo & Company lowered their target price on shares of Las Vegas Sands from $60.00 to $59.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. Stifel Nicolaus set a $57.00 target price on shares of Las Vegas Sands and gave the company a "buy" rating in a research note on Thursday, April 24th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Las Vegas Sands from $66.00 to $62.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Mizuho set a $47.00 price objective on shares of Las Vegas Sands in a research note on Thursday, April 24th. Finally, Citigroup increased their price objective on shares of Las Vegas Sands from $64.50 to $67.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Las Vegas Sands currently has an average rating of "Moderate Buy" and a consensus price target of $56.75.

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.