Longfellow Investment Management Co. LLC 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 Securities and Exchange Commission (SEC). The institutional investor acquired 7,288 shares of the casino operator's stock, valued at approximately $282,000.
Other large investors also recently modified their holdings of the company. Optiver Holding B.V. acquired a new position in shares of Las Vegas Sands during the fourth quarter worth approximately $32,000. Center for Financial Planning Inc. acquired a new position in shares of Las Vegas Sands during the first quarter worth approximately $42,000. Farther Finance Advisors LLC lifted its position in shares of Las Vegas Sands by 133.1% during the first quarter. Farther Finance Advisors LLC now owns 1,499 shares of the casino operator's stock worth $59,000 after purchasing an additional 856 shares in the last quarter. GeoWealth Management LLC lifted its position in shares of Las Vegas Sands by 104.7% during the fourth quarter. GeoWealth Management LLC now owns 1,775 shares of the casino operator's stock worth $91,000 after purchasing an additional 908 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new position in shares of Las Vegas Sands during the first quarter worth approximately $127,000. 39.16% of the stock is currently owned by institutional investors and hedge funds.
Las Vegas Sands Trading Down 0.3%
NYSE:LVS traded down $0.14 during trading hours on Thursday, hitting $54.19. The stock had a trading volume of 3,811,979 shares, compared to its average volume of 5,702,066. Las Vegas Sands Corp. has a one year low of $30.18 and a one year high of $56.60. 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 company has a market cap of $37.20 billion, a price-to-earnings ratio of 27.37, a P/E/G ratio of 2.04 and a beta of 1.08. The business's 50 day moving average is $47.56 and its 200-day moving average is $42.80.
Las Vegas Sands (NYSE:LVS - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The casino operator reported $0.79 EPS for the quarter, beating the consensus estimate of $0.53 by $0.26. Las Vegas Sands had a net margin of 12.16% and a return on equity of 55.37%. The firm had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the prior year, the firm earned $0.55 earnings per share. The business's quarterly revenue was up 15.0% on a year-over-year basis. Sell-side analysts anticipate that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.
Las Vegas Sands announced that its Board of Directors has initiated a stock buyback program on Wednesday, April 23rd that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the casino operator to buy up to 8.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its shares are undervalued.
Las Vegas Sands Announces Dividend
The business also recently disclosed 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 annualized dividend and a dividend yield of 1.8%. Las Vegas Sands's dividend payout ratio is currently 50.51%.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the stock. Susquehanna reduced their target price on shares of 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. Stifel Nicolaus set a $57.00 price objective on shares of Las Vegas Sands and gave the company a "buy" rating in a report on Thursday, April 24th. Morgan Stanley increased their price objective on shares of Las Vegas Sands from $47.00 to $50.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. The Goldman Sachs Group initiated coverage on shares of Las Vegas Sands in a report on Monday, July 7th. They issued a "neutral" rating and a $52.00 price objective on the stock. Finally, Argus upgraded shares of Las Vegas Sands from a "hold" rating to a "buy" rating and set a $60.00 price objective on the stock in a report on Monday, July 28th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Las Vegas Sands has a consensus rating of "Moderate Buy" and a consensus price target of $58.33.
View Our Latest Analysis on Las Vegas Sands
About Las Vegas Sands
(
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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