Smith Asset Management Group LP acquired a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 307,052 shares of the casino operator’s stock, valued at approximately $21,326,000.
Other institutional investors have also bought and sold shares of the company. Bessemer Group Inc. grew its position in Las Vegas Sands by 60.5% in the fourth quarter. Bessemer Group Inc. now owns 2,067 shares of the casino operator’s stock worth $144,000 after buying an additional 779 shares during the last quarter. San Francisco Sentry Investment Group CA acquired a new position in Las Vegas Sands in the third quarter worth approximately $181,000. Steward Partners Investment Advisory LLC acquired a new position in Las Vegas Sands in the third quarter worth approximately $198,000. Chase Investment Counsel Corp acquired a new position in Las Vegas Sands in the third quarter worth approximately $200,000. Finally, Independence Trust CO acquired a new position in Las Vegas Sands in the fourth quarter worth approximately $205,000. Hedge funds and other institutional investors own 37.64% of the company’s stock.
Shares of Las Vegas Sands Corp. (LVS) opened at $73.25 on Friday. 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 52 week low of $51.35 and a 52 week high of $79.84. The stock has a market cap of $59,333.43, a price-to-earnings ratio of 20.61 and a beta of 1.72.
Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, January 24th. The casino operator reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.11. Las Vegas Sands had a net margin of 21.78% and a return on equity of 34.76%. The business had revenue of $3.44 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the previous year, the business earned $0.62 EPS. Las Vegas Sands’s quarterly revenue was up 11.7% compared to the same quarter last year. research analysts forecast that Las Vegas Sands Corp. will post 3.33 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors 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 4.10%. The ex-dividend date is Wednesday, March 21st. This is a positive change from Las Vegas Sands’s previous quarterly dividend of $0.73. Las Vegas Sands’s payout ratio is presently 82.49%.
Several equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research report on Thursday, October 26th. Morgan Stanley lifted their price objective on shares of Las Vegas Sands from $63.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th. 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 report on Thursday, October 26th. Gabelli lifted their target price on shares of Las Vegas Sands from $60.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, Nomura lifted their target price on shares of Las Vegas Sands from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, October 26th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $70.54.
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Las Vegas Sands 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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