Schonfeld Strategic Advisors LLC increased its stake in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 2.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 278,156 shares of the casino operator's stock after acquiring an additional 6,928 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Las Vegas Sands were worth $14,286,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in LVS. Bank of Jackson Hole Trust acquired a new position in shares of Las Vegas Sands in the fourth quarter valued at $26,000. Wilmington Savings Fund Society FSB acquired a new stake in Las Vegas Sands during the third quarter worth about $26,000. UMB Bank n.a. increased its stake in Las Vegas Sands by 73.5% in the fourth quarter. UMB Bank n.a. now owns 583 shares of the casino operator's stock valued at $30,000 after acquiring an additional 247 shares during the last quarter. Optiver Holding B.V. acquired a new position in shares of Las Vegas Sands during the 4th quarter worth $32,000. Finally, Brown Brothers Harriman & Co. bought a new position in shares of Las Vegas Sands in the fourth quarter worth about $36,000. 39.16% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts have issued reports on LVS shares. Citigroup upped 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. Stifel Nicolaus set a $57.00 price target on Las Vegas Sands and gave the stock a "buy" rating in a report on Thursday, April 24th. Barclays dropped their target price on shares of Las Vegas Sands from $58.00 to $53.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Wells Fargo & Company cut their price target on Las Vegas Sands from $60.00 to $59.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. Finally, Deutsche Bank Aktiengesellschaft decreased 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 Wednesday, January 29th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Las Vegas Sands currently has a consensus rating of "Moderate Buy" and an average target price of $56.75.
View Our Latest Analysis on LVS
Las Vegas Sands Stock Performance
Shares of LVS stock traded up $1.27 during trading hours on Friday, hitting $38.08. 6,355,836 shares of the company were exchanged, compared to its average volume of 6,057,274. Las Vegas Sands Corp. has a 52-week low of $30.18 and a 52-week high of $56.61. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35. The firm has a fifty day simple moving average of $38.50 and a 200 day simple moving average of $45.33. The stock has a market capitalization of $26.91 billion, a price-to-earnings ratio of 19.33, a P/E/G ratio of 1.41 and a beta of 0.99.
Las Vegas Sands (NYSE:LVS - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The casino operator reported $0.59 earnings per share 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 the consensus estimate of $2.95 billion. During the same quarter in the prior year, the business earned $0.78 EPS. Las Vegas Sands's revenue for the quarter was down 3.3% compared to the same quarter last year. Research analysts predict that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.
Las Vegas Sands Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Tuesday, May 6th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date is Tuesday, May 6th. Las Vegas Sands's payout ratio is 55.56%.
Las Vegas Sands announced that its board has initiated a stock buyback plan on Wednesday, April 23rd that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the casino operator to buy up to 8.2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.
About Las Vegas Sands
(
Free Report)
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.
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