Dynamic Technology Lab Private Ltd acquired a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS) in the third quarter, HoldingsChannel reports. The fund acquired 25,287 shares of the casino operator’s stock, valued at approximately $1,500,000.
A number of other hedge funds have also recently bought and sold shares of LVS. Marathon Asset Management LLP purchased a new stake in Las Vegas Sands during the third quarter valued at about $404,981,000. BlackRock Inc. lifted its stake in Las Vegas Sands by 20.5% during the second quarter. BlackRock Inc. now owns 19,856,347 shares of the casino operator’s stock valued at $1,516,232,000 after buying an additional 3,371,432 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Las Vegas Sands by 1,396.2% during the third quarter. Renaissance Technologies LLC now owns 2,361,000 shares of the casino operator’s stock valued at $140,078,000 after buying an additional 2,203,200 shares in the last quarter. Schroder Investment Management Group lifted its stake in Las Vegas Sands by 58.4% during the second quarter. Schroder Investment Management Group now owns 3,132,036 shares of the casino operator’s stock valued at $236,844,000 after buying an additional 1,154,672 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in Las Vegas Sands by 190.8% during the third quarter. Canada Pension Plan Investment Board now owns 1,558,023 shares of the casino operator’s stock valued at $92,438,000 after buying an additional 1,022,300 shares in the last quarter. 37.08% of the stock is owned by institutional investors.
NYSE LVS opened at $53.34 on Friday. The company has a quick ratio of 1.92, a current ratio of 1.93 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $43.64 billion, a PE ratio of 16.24 and a beta of 1.61. Las Vegas Sands Corp. has a 52-week low of $48.64 and a 52-week high of $81.45.
Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, October 24th. The casino operator reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.04). The company had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $3.41 billion. Las Vegas Sands had a return on equity of 34.18% and a net margin of 27.71%. Sell-side analysts predict that Las Vegas Sands Corp. will post 3.4 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 27th. Stockholders of record on Tuesday, December 18th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 5.62%. The ex-dividend date is Monday, December 17th. Las Vegas Sands’s dividend payout ratio (DPR) is 98.68%.
A number of research firms have commented on LVS. Morgan Stanley reaffirmed a “buy” rating on shares of Las Vegas Sands in a research note on Monday, December 3rd. Sanford C. Bernstein began coverage on shares of Las Vegas Sands in a research note on Thursday, November 15th. They set an “outperform” rating and a $81.45 price objective for the company. Zacks Investment Research raised shares of Las Vegas Sands from a “strong sell” rating to a “hold” rating in a research note on Monday, October 29th. Argus reduced their price objective on shares of Las Vegas Sands from $89.00 to $70.00 and set a “buy” rating for the company in a research note on Friday, October 26th. Finally, Nomura reduced their price objective on shares of Las Vegas Sands from $70.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, October 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. Las Vegas Sands has an average rating of “Hold” and a consensus price target of $74.03.
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Las Vegas Sands Company Profile
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.
Further Reading: Institutional Investors
Want to see what other hedge funds are holding LVS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Las Vegas Sands Corp. (NYSE:LVS).
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