Bamco Inc. NY Has $83.57 Million Stock Position in Las Vegas Sands Corp. (NYSE:LVS)

Bamco Inc. NY increased its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,627,165 shares of the casino operator's stock after acquiring an additional 46,090 shares during the period. Bamco Inc. NY owned about 0.22% of Las Vegas Sands worth $83,571,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Capital Research Global Investors boosted its position in Las Vegas Sands by 26.5% in the fourth quarter. Capital Research Global Investors now owns 58,824,289 shares of the casino operator's stock valued at $3,021,205,000 after buying an additional 12,304,533 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Las Vegas Sands by 1.2% in the fourth quarter. Fisher Asset Management LLC now owns 13,810,351 shares of the casino operator's stock valued at $709,300,000 after acquiring an additional 160,711 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Las Vegas Sands by 13.5% in 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 acquiring an additional 1,389,963 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in 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 acquiring an additional 2,152,829 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Las Vegas Sands by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 8,637,600 shares of the casino operator's stock valued at $443,086,000 after purchasing an additional 80,709 shares in the last quarter. Institutional investors own 39.16% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LVS. Citigroup increased their target price on Las Vegas Sands from $64.50 to $67.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Morgan Stanley lowered their price objective on shares of Las Vegas Sands from $47.00 to $45.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Stifel Nicolaus set a $57.00 target price on shares of Las Vegas Sands and gave the stock a "buy" rating in a research report on Thursday, April 24th. Hsbc Global Res raised shares of Las Vegas Sands to a "strong-buy" rating in a report on Thursday, April 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Las Vegas Sands from $66.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Las Vegas Sands presently has a consensus rating of "Moderate Buy" and a consensus price target of $56.75.

Las Vegas Sands Trading Up 0.3 %

Shares of NYSE LVS traded up $0.11 during midday trading on Friday, reaching $39.87. 3,559,075 shares of the stock were exchanged, compared to its average volume of 6,190,963. 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 Corp. has a 12 month low of $30.18 and a 12 month high of $56.60. The business has a 50-day simple moving average of $38.08 and a two-hundred day simple moving average of $45.04. The company has a market capitalization of $28.17 billion, a price-to-earnings ratio of 20.24, a P/E/G ratio of 1.41 and a beta of 0.99.

Las Vegas Sands (NYSE:LVS - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The casino operator reported $0.59 EPS for the quarter, missing analysts' consensus estimates of $0.60 by ($0.01). Las Vegas Sands had a return on equity of 45.82% and a net margin of 12.80%. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same period in the prior year, the business earned $0.78 EPS. The company's revenue for the quarter was down 3.3% compared to the same quarter last year. As a group, equities research analysts expect that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Tuesday, May 6th will be given a $0.25 dividend. The ex-dividend date is Tuesday, May 6th. This represents a $1.00 annualized dividend and a yield of 2.51%. Las Vegas Sands's dividend payout ratio is currently 55.56%.

Las Vegas Sands declared that its board has authorized a stock repurchase program on Wednesday, April 23rd that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the casino operator to repurchase up to 8.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

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.