Tidal Investments LLC Cuts Position in Las Vegas Sands Corp. (NYSE:LVS)

Tidal Investments LLC cut its holdings in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 30.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Capital Research Global Investors raised its holdings in shares of Las Vegas Sands by 26.5% during the fourth quarter. Capital Research Global Investors now owns 58,824,289 shares of the casino operator's stock worth $3,021,205,000 after acquiring an additional 12,304,533 shares during the period. Janus Henderson Group PLC increased its stake in shares of Las Vegas Sands by 55.7% during the 4th quarter. Janus Henderson Group PLC now owns 14,218,581 shares of the casino operator's stock worth $730,295,000 after purchasing an additional 5,088,095 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Las Vegas Sands by 1.2% during the 4th quarter. Fisher Asset Management LLC now owns 13,810,351 shares of the casino operator's stock worth $709,300,000 after buying an additional 160,711 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Las Vegas Sands by 13.5% during the 4th quarter. Bank of New York Mellon Corp now owns 11,662,548 shares of the casino operator's stock worth $598,988,000 after buying an additional 1,389,963 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Las Vegas Sands by 29.8% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,382,267 shares of the casino operator's stock worth $481,873,000 after buying an additional 2,152,829 shares during the period. 39.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on LVS shares. Hsbc Global Res raised shares of Las Vegas Sands to a "strong-buy" rating in a report on Thursday, April 24th. Stifel Nicolaus set a $57.00 price objective on shares of Las Vegas Sands and gave the stock a "buy" rating in a research report on Thursday, April 24th. Wells Fargo & Company decreased their price target on shares of Las Vegas Sands from $60.00 to $59.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. Mizuho set a $47.00 price objective on shares of Las Vegas Sands in a research note on Thursday, April 24th. Finally, Deutsche Bank Aktiengesellschaft cut 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. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $56.75.

Las Vegas Sands Stock Performance

Shares of Las Vegas Sands stock traded up $0.31 on Thursday, reaching $40.92. 1,329,618 shares of the stock were exchanged, compared to its average volume of 6,120,836. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 3.35. Las Vegas Sands Corp. has a twelve month low of $30.18 and a twelve month high of $56.61. The firm has a market capitalization of $28.91 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 1.41 and a beta of 0.99. The business has a 50 day moving average price of $37.29 and a two-hundred day moving average price of $44.01.

Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The casino operator reported $0.59 EPS for the quarter, missing analysts' consensus estimates of $0.60 by ($0.01). The business 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 12.80% and a return on equity of 45.82%. The firm's quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.78 earnings per share. Analysts anticipate that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.

Las Vegas Sands declared that its board has approved a share repurchase plan on Wednesday, April 23rd that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the casino operator to reacquire up to 8.2% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its stock is 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 paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.44%. The ex-dividend date was Tuesday, May 6th. Las Vegas Sands's payout ratio is 55.56%.

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.