Las Vegas Sands Corp. (NYSE:LVS) Shares Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC raised its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 2.2% in the first quarter, HoldingsChannel reports. The firm owned 688,176 shares of the casino operator’s stock after acquiring an additional 14,907 shares during the period. Los Angeles Capital Management LLC’s holdings in Las Vegas Sands were worth $35,579,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of LVS. Norges Bank acquired a new position in shares of Las Vegas Sands during the fourth quarter worth approximately $266,538,000. Vanguard Group Inc. grew its stake in shares of Las Vegas Sands by 13.1% in the fourth quarter. Vanguard Group Inc. now owns 36,898,186 shares of the casino operator’s stock worth $1,815,760,000 after purchasing an additional 4,264,043 shares in the last quarter. ARGA Investment Management LP increased its holdings in shares of Las Vegas Sands by 214.5% during the fourth quarter. ARGA Investment Management LP now owns 3,110,574 shares of the casino operator’s stock valued at $153,071,000 after purchasing an additional 2,121,546 shares during the period. Ghisallo Capital Management LLC bought a new stake in shares of Las Vegas Sands during the fourth quarter valued at about $73,815,000. Finally, Integrated Investment Consultants LLC bought a new stake in shares of Las Vegas Sands during the fourth quarter valued at about $45,752,000. Institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Stock Performance

Shares of NYSE LVS opened at $44.30 on Thursday. Las Vegas Sands Corp. has a 52-week low of $42.99 and a 52-week high of $61.25. The stock has a market capitalization of $33.01 billion, a price-to-earnings ratio of 21.40, a PEG ratio of 0.81 and a beta of 1.13. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 2.96. The stock’s fifty day simple moving average is $45.89 and its 200 day simple moving average is $49.06.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, April 17th. The casino operator reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the previous year, the company earned $0.28 EPS. The business’s revenue for the quarter was up 34.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Las Vegas Sands Corp. will post 2.63 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, May 7th were given a $0.20 dividend. The ex-dividend date was Monday, May 6th. This represents a $0.80 annualized dividend and a dividend yield of 1.81%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 38.65%.

Analyst Upgrades and Downgrades

Several research firms have commented on LVS. Jefferies Financial Group lowered their target price on shares of Las Vegas Sands from $54.00 to $53.00 and set a “hold” rating on the stock in a research note on Thursday, April 18th. JPMorgan Chase & Co. lowered their price objective on shares of Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. Citigroup boosted their target price on Las Vegas Sands from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Morgan Stanley increased their price target on Las Vegas Sands from $61.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. Finally, StockNews.com raised Las Vegas Sands from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Las Vegas Sands currently has a consensus rating of “Moderate Buy” and an average price target of $63.31.

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.