ARGA Investment Management LP Has $153.07 Million Stock Position in Las Vegas Sands Corp. (NYSE:LVS)

ARGA Investment Management LP lifted its position in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 214.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,110,574 shares of the casino operator's stock after purchasing an additional 2,121,546 shares during the quarter. Las Vegas Sands accounts for approximately 5.3% of ARGA Investment Management LP's holdings, making the stock its 8th biggest holding. ARGA Investment Management LP owned approximately 0.41% of Las Vegas Sands worth $153,071,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Las Vegas Sands by 0.4% during the third quarter. Vanguard Group Inc. now owns 32,634,143 shares of the casino operator's stock worth $1,495,949,000 after buying an additional 124,008 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Las Vegas Sands by 6.4% during the fourth quarter. Fisher Asset Management LLC now owns 11,275,127 shares of the casino operator's stock worth $554,849,000 after purchasing an additional 680,575 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Las Vegas Sands by 3.6% in the third quarter. Northern Trust Corp now owns 2,873,525 shares of the casino operator's stock valued at $131,722,000 after buying an additional 98,658 shares during the last quarter. Schroder Investment Management Group lifted its position in Las Vegas Sands by 27.9% during the 3rd quarter. Schroder Investment Management Group now owns 2,850,081 shares of the casino operator's stock worth $130,648,000 after buying an additional 622,480 shares in the last quarter. Finally, Charles Lim Capital Ltd grew its holdings in Las Vegas Sands by 296.2% during the 3rd quarter. Charles Lim Capital Ltd now owns 2,575,000 shares of the casino operator's stock worth $118,038,000 after acquiring an additional 1,925,000 shares during the last quarter. Institutional investors and hedge funds own 39.16% of the company's stock.

Insider Activity

In other news, CEO Robert G. Goldstein sold 100,000 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $52.06, for a total value of $5,206,000.00. Following the completion of the sale, the chief executive officer now owns 172,801 shares of the company's stock, valued at approximately $8,996,020.06. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.91% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

LVS has been the topic of several research analyst reports. Citigroup increased their price target on shares of Las Vegas Sands from $74.00 to $75.00 and gave the company a "buy" rating in a research note on Thursday, April 18th. Mizuho dropped their price target on shares of Las Vegas Sands from $70.00 to $65.00 and set a "buy" rating for the company in a research note on Thursday, April 18th. Barclays reduced their price objective on shares of Las Vegas Sands from $60.00 to $59.00 and set an "overweight" rating on the stock in a research note on Thursday, April 18th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Las Vegas Sands from $66.00 to $62.00 and set a "buy" rating for the company in a research report on Thursday, April 18th. Finally, Stifel Nicolaus dropped their price objective on Las Vegas Sands from $70.00 to $65.00 and set a "buy" rating for the company in a report on Thursday, April 18th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $63.46.

Las Vegas Sands Stock Up 1.1 %

LVS stock traded up $0.51 during trading hours on Thursday, reaching $46.62. 3,841,153 shares of the stock were exchanged, compared to its average volume of 4,794,806. The company has a market cap of $34.73 billion, a price-to-earnings ratio of 22.44, a PEG ratio of 0.88 and a beta of 1.18. The firm's 50-day moving average is $49.44 and its 200-day moving average is $49.67. Las Vegas Sands Corp. has a 12 month low of $43.77 and a 12 month high of $61.25. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.30 and a quick ratio of 1.29.

Las Vegas Sands (NYSE:LVS - Get Free Report) last released its quarterly earnings results on Wednesday, April 17th. The casino operator reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.13. Las Vegas Sands had a return on equity of 42.34% and a net margin of 13.99%. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the prior year, the firm posted $0.28 EPS. The business's revenue was up 34.9% on a year-over-year basis. On average, equities research analysts expect that Las Vegas Sands Corp. will post 2.63 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, May 7th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, May 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.72%. Las Vegas Sands's dividend payout ratio is 38.65%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.