Narwhal Capital Management lifted its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 22.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,775 shares of the casino operator’s stock after purchasing an additional 5,525 shares during the period. Narwhal Capital Management’s holdings in Las Vegas Sands were worth $2,069,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in LVS. Janus Henderson Group PLC grew its stake in shares of Las Vegas Sands by 183.0% in the 2nd quarter. Janus Henderson Group PLC now owns 3,241,450 shares of the casino operator’s stock worth $207,090,000 after purchasing an additional 2,095,879 shares during the last quarter. Investec Asset Management LTD grew its stake in shares of Las Vegas Sands by 90.9% in the 3rd quarter. Investec Asset Management LTD now owns 3,437,448 shares of the casino operator’s stock worth $220,547,000 after purchasing an additional 1,637,248 shares during the last quarter. Capital World Investors grew its stake in shares of Las Vegas Sands by 14.5% in the 2nd quarter. Capital World Investors now owns 9,998,000 shares of the casino operator’s stock worth $638,772,000 after purchasing an additional 1,263,000 shares during the last quarter. Maverick Capital Ltd. grew its stake in shares of Las Vegas Sands by 169.2% in the 2nd quarter. Maverick Capital Ltd. now owns 1,369,589 shares of the casino operator’s stock worth $87,503,000 after purchasing an additional 860,856 shares during the last quarter. Finally, Alyeska Investment Group L.P. grew its stake in shares of Las Vegas Sands by 49.4% in the 3rd quarter. Alyeska Investment Group L.P. now owns 1,859,527 shares of the casino operator’s stock worth $119,307,000 after purchasing an additional 614,622 shares during the last quarter. 37.20% of the stock is currently owned by institutional investors.
Las Vegas Sands Corp. (LVS) opened at $77.10 on Tuesday. The firm has a market cap of $58,898.66, a P/E ratio of 29.09 and a beta of 1.80. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 1.38. Las Vegas Sands Corp. has a 1 year low of $51.35 and a 1 year high of $77.28.
Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, October 25th. The casino operator reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.10. The business had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.14 billion. Las Vegas Sands had a net margin of 21.41% and a return on equity of 38.69%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $0.72 earnings per share. research analysts predict that Las Vegas Sands Corp. will post 2.9 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Thursday, December 21st were given a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 3.79%. The ex-dividend date was Wednesday, December 20th. Las Vegas Sands’s dividend payout ratio (DPR) is currently 110.19%.
Several equities analysts have recently issued reports on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $76.00 price objective on shares of Las Vegas Sands in a research note on Tuesday, January 9th. Zacks Investment Research raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Wednesday, November 8th. Barclays lifted their price objective on shares of Las Vegas Sands from $69.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, December 7th. Jefferies Group assumed coverage on shares of Las Vegas Sands in a research note on Thursday, January 18th. They issued a “hold” rating and a $73.00 price objective on the stock. Finally, Deutsche Bank lifted their price objective on shares of Las Vegas Sands from $54.00 to $57.00 and gave the stock a “hold” rating in a research note on Thursday, October 26th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $66.71.
In other news, Director George Jamieson bought 1,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were acquired at an average cost of $66.96 per share, with a total value of $66,960.00. Following the completion of the transaction, the director now directly owns 6,488 shares in the company, valued at approximately $434,436.48. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 10.10% of the company’s stock.
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Las Vegas Sands Company Profile
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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