Barings LLC grew its stake in Las Vegas Sands Corp. (NYSE:LVS) by 229.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,900 shares of the casino operator’s stock after buying an additional 24,300 shares during the quarter. Barings LLC’s holdings in Las Vegas Sands were worth $2,425,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of LVS. Janus Henderson Group PLC grew its position in shares of Las Vegas Sands by 25.0% during the third quarter. Janus Henderson Group PLC now owns 4,051,823 shares of the casino operator’s stock worth $259,973,000 after purchasing an additional 810,373 shares in the last quarter. Csenge Advisory Group purchased a new stake in shares of Las Vegas Sands during the third quarter worth about $504,000. Yellowstone Partners LLC purchased a new stake in shares of Las Vegas Sands during the third quarter worth about $640,000. Westfield Capital Management Co. LP purchased a new stake in shares of Las Vegas Sands during the third quarter worth about $327,000. Finally, AXA grew its position in shares of Las Vegas Sands by 3.9% during the third quarter. AXA now owns 107,969 shares of the casino operator’s stock worth $6,927,000 after purchasing an additional 4,067 shares in the last quarter. Institutional investors and hedge funds own 37.34% of the company’s stock.
Several analysts recently issued reports on LVS shares. Stifel Nicolaus reiterated a “buy” rating and set a $76.00 target price on shares of Las Vegas Sands in a research report on Tuesday, January 9th. Zacks Investment Research upgraded Las Vegas Sands from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research report on Tuesday, December 26th. Gabelli increased their target price on Las Vegas Sands from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Roth Capital started coverage on Las Vegas Sands in a research report on Wednesday, October 25th. They set a “buy” rating and a $69.00 target price for the company. Finally, Bank of America increased their target price on Las Vegas Sands from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $70.54.
Las Vegas Sands Corp. (NYSE:LVS) opened at $75.02 on Friday. Las Vegas Sands Corp. has a one year low of $51.35 and a one year high of $79.84. The company has a market capitalization of $59,300.00, a P/E ratio of 21.19 and a beta of 1.72. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.05 and a current ratio of 1.07.
Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, January 24th. The casino operator reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.11. The company had revenue of $3.44 billion during the quarter, compared to analyst estimates of $3.26 billion. Las Vegas Sands had a return on equity of 34.76% and a net margin of 21.78%. The firm’s revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.62 earnings per share. equities analysts anticipate that Las Vegas Sands Corp. will post 3.33 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 22nd will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 4.00%. This is a positive change from Las Vegas Sands’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Wednesday, March 21st. Las Vegas Sands’s dividend payout ratio (DPR) is presently 82.49%.
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About Las Vegas Sands
Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.
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