Tidal Investments LLC Has $1.90 Million Holdings in Las Vegas Sands Corp. (NYSE:LVS)

Tidal Investments LLC decreased its position in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 30.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,042 shares of the casino operator's stock after selling 16,435 shares during the quarter. Tidal Investments LLC's holdings in Las Vegas Sands were worth $1,902,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in LVS. Steadfast Capital Management LP raised its holdings in Las Vegas Sands by 23.5% in the fourth quarter. Steadfast Capital Management LP now owns 1,212,252 shares of the casino operator's stock valued at $62,261,000 after acquiring an additional 230,700 shares in the last quarter. Rafferty Asset Management LLC increased its position in shares of Las Vegas Sands by 7.6% in the 4th quarter. Rafferty Asset Management LLC now owns 35,457 shares of the casino operator's stock worth $1,821,000 after purchasing an additional 2,518 shares during the last quarter. Raiffeisen Bank International AG acquired a new stake in shares of Las Vegas Sands in the 4th quarter valued at about $262,000. ProShare Advisors LLC lifted its position in shares of Las Vegas Sands by 3.4% during the fourth quarter. ProShare Advisors LLC now owns 50,558 shares of the casino operator's stock worth $2,597,000 after purchasing an additional 1,657 shares during the last quarter. Finally, Quantinno Capital Management LP grew its stake in Las Vegas Sands by 640.1% in the fourth quarter. Quantinno Capital Management LP now owns 70,819 shares of the casino operator's stock worth $3,637,000 after purchasing an additional 61,250 shares in the last quarter. Hedge funds and other institutional investors own 39.16% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft decreased their target price on Las Vegas Sands from $66.00 to $62.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Wells Fargo & Company cut their target price on 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. Hsbc Global Res raised shares of Las Vegas Sands to a "strong-buy" rating in a research note on Thursday, April 24th. Stifel Nicolaus set a $57.00 target price on Las Vegas Sands and gave the company a "buy" rating in a research report on Thursday, April 24th. Finally, Barclays reduced their price target on Las Vegas Sands from $58.00 to $53.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Four equities research 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $56.75.

Las Vegas Sands Stock Performance

Shares of LVS stock traded up $1.76 during trading on Tuesday, reaching $41.56. The company had a trading volume of 7,043,715 shares, compared to its average volume of 6,128,611. The firm's 50 day simple moving average is $37.34 and its two-hundred day simple moving average is $44.05. Las Vegas Sands Corp. has a one year low of $30.18 and a one year high of $56.61. The company has a debt-to-equity ratio of 3.35, a current ratio of 0.74 and a quick ratio of 0.73. The company has a market capitalization of $29.37 billion, a PE ratio of 21.10, a PEG ratio of 1.41 and a beta of 0.99.

Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.95 billion. Las Vegas Sands had a return on equity of 45.82% and a net margin of 12.80%. Las Vegas Sands's quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.78 earnings per share. Sell-side analysts forecast that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date was Tuesday, May 6th. Las Vegas Sands's dividend payout ratio (DPR) is presently 55.56%.

Las Vegas Sands declared that its Board of Directors has approved a share repurchase plan on Wednesday, April 23rd that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the casino operator to purchase up to 8.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its stock is undervalued.

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.