Lecap Asset Management Ltd. purchased a new position in Las Vegas Sands Corp. (NYSE:LVS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 19,655 shares of the casino operator's stock, valued at approximately $759,000.
Several other large investors also recently modified their holdings of LVS. Optiver Holding B.V. bought a new stake in Las Vegas Sands during the fourth quarter valued at $32,000. Brown Brothers Harriman & Co. bought a new stake in shares of Las Vegas Sands during the 4th quarter valued at about $36,000. Smartleaf Asset Management LLC grew its stake in Las Vegas Sands by 63.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 885 shares of the casino operator's stock worth $45,000 after purchasing an additional 342 shares during the period. Halbert Hargrove Global Advisors LLC acquired a new position in Las Vegas Sands in the fourth quarter valued at approximately $50,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Las Vegas Sands during the 4th quarter worth approximately $56,000. 39.16% of the stock is currently owned by institutional investors and hedge funds.
Las Vegas Sands Trading Up 1.1%
Shares of NYSE:LVS traded up $0.49 during trading on Friday, reaching $44.11. 5,912,155 shares of the company traded hands, compared to its average volume of 5,936,007. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 3.58. Las Vegas Sands Corp. has a 52-week low of $30.18 and a 52-week high of $56.61. The firm has a market capitalization of $31.17 billion, a price-to-earnings ratio of 24.51, a P/E/G ratio of 1.55 and a beta of 1.03. The business's fifty day moving average is $40.00 and its 200-day moving average is $42.62.
Las Vegas Sands (NYSE:LVS - Get Free Report) last released 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). The firm had revenue of $2.86 billion during the quarter, compared to analysts' expectations of $2.95 billion. Las Vegas Sands had a net margin of 11.64% and a return on equity of 44.91%. Las Vegas Sands's revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.78 EPS. As a group, analysts forecast that Las Vegas Sands Corp. will post 2.6 EPS for the current year.
Las Vegas Sands Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Tuesday, May 6th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend was Tuesday, May 6th. Las Vegas Sands's dividend payout ratio (DPR) is currently 55.56%.
Las Vegas Sands declared that its Board of Directors has approved a share repurchase plan on Wednesday, April 23rd that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the casino operator to buy up to 8.2% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its shares are undervalued.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the company. Morgan Stanley dropped their price target on Las Vegas Sands from $47.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Mizuho set a $47.00 target price on shares of Las Vegas Sands in a report on Thursday, April 24th. Hsbc Global Res upgraded Las Vegas Sands to a "strong-buy" rating in a research report on Thursday, April 24th. Barclays lowered their price target on Las Vegas Sands from $58.00 to $53.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, Macquarie cut their price objective on Las Vegas Sands from $58.00 to $52.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $55.58.
Read Our Latest Stock Report on LVS
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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