Las Vegas Sands Corp. (NYSE:LVS) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers increased its holdings in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 7.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 705,585 shares of the casino operator's stock after buying an additional 50,646 shares during the period. Rhumbline Advisers owned about 0.10% of Las Vegas Sands worth $27,257,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Bank of Jackson Hole Trust acquired a new position in Las Vegas Sands in the fourth quarter valued at approximately $26,000. Optiver Holding B.V. bought a new stake in shares of Las Vegas Sands in the 4th quarter worth approximately $32,000. Brown Brothers Harriman & Co. acquired a new position in Las Vegas Sands during the 4th quarter valued at approximately $36,000. Wilmington Savings Fund Society FSB boosted its position in Las Vegas Sands by 45.6% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 760 shares of the casino operator's stock valued at $39,000 after purchasing an additional 238 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in Las Vegas Sands by 63.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 885 shares of the casino operator's stock worth $45,000 after buying an additional 342 shares during the last quarter. Institutional investors own 39.16% of the company's stock.

Las Vegas Sands Price Performance

Shares of NYSE LVS traded down $0.06 during mid-day trading on Friday, reaching $40.20. 4,699,922 shares of the company traded hands, compared to its average volume of 6,103,681. Las Vegas Sands Corp. has a fifty-two week low of $30.18 and a fifty-two week high of $56.61. The firm has a market cap of $28.41 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 1.41 and a beta of 1.03. The stock has a fifty day simple moving average of $37.45 and a 200-day simple moving average of $43.68. The company has a debt-to-equity ratio of 3.35, a current ratio of 0.74 and a quick ratio of 0.73.

Las Vegas Sands (NYSE:LVS - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The casino operator reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same quarter last year, the business posted $0.78 earnings per share. The firm's revenue for the quarter was down 3.3% compared to the same quarter last year. Equities research 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 authorized a share buyback plan on Wednesday, April 23rd that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the casino operator to repurchase up to 8.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its shares are undervalued.

Las Vegas Sands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Investors 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 2.49%. The ex-dividend date was Tuesday, May 6th. Las Vegas Sands's payout ratio is currently 55.56%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on LVS shares. Barclays cut their target price on Las Vegas Sands from $58.00 to $53.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Hsbc Global Res raised shares of Las Vegas Sands to a "strong-buy" rating in a report on Thursday, April 24th. Macquarie reduced their target price on shares of Las Vegas Sands from $58.00 to $52.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Mizuho set a $47.00 target price on shares of Las Vegas Sands in a research report on Thursday, April 24th. Finally, Morgan Stanley dropped their price target on shares of 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. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Las Vegas Sands currently has a consensus rating of "Moderate Buy" and an average target price of $56.75.

Las Vegas Sands Company 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.