Las Vegas Sands Corp. (NYSE:LVS) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC grew its position in shares of Las Vegas Sands Corp. (NYSE:LVSFree Report) by 70.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 384,326 shares of the casino operator’s stock after purchasing an additional 158,594 shares during the period. Intech Investment Management LLC’s holdings in Las Vegas Sands were worth $18,913,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of LVS. Teacher Retirement System of Texas grew its position in Las Vegas Sands by 2.5% in the 3rd quarter. Teacher Retirement System of Texas now owns 26,649 shares of the casino operator’s stock valued at $1,222,000 after acquiring an additional 643 shares in the last quarter. M&T Bank Corp grew its holdings in shares of Las Vegas Sands by 1.4% in the third quarter. M&T Bank Corp now owns 29,896 shares of the casino operator’s stock valued at $1,370,000 after purchasing an additional 400 shares in the last quarter. NBC Securities Inc. purchased a new stake in Las Vegas Sands during the 3rd quarter worth approximately $115,000. Ieq Capital LLC lifted its holdings in Las Vegas Sands by 35.2% during the 3rd quarter. Ieq Capital LLC now owns 10,071 shares of the casino operator’s stock worth $462,000 after buying an additional 2,623 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in Las Vegas Sands by 34.6% in the 3rd quarter. Victory Capital Management Inc. now owns 139,386 shares of the casino operator’s stock valued at $6,389,000 after buying an additional 35,804 shares during the period. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 100,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $52.06, for a total value of $5,206,000.00. Following the completion of the transaction, the chief executive officer now owns 172,801 shares in the company, valued at $8,996,020.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.91% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

LVS has been the topic of a number of recent research reports. Morgan Stanley upped their price objective on Las Vegas Sands from $61.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 9th. Stifel Nicolaus reduced their price target on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. JPMorgan Chase & Co. lowered their price objective on Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. Jefferies Financial Group dropped their price objective on shares of Las Vegas Sands from $54.00 to $53.00 and set a “hold” rating on the stock in a research report on Thursday, April 18th. Finally, StockNews.com upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a report on Wednesday, April 10th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Las Vegas Sands currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.46.

Check Out Our Latest Analysis on Las Vegas Sands

Las Vegas Sands Stock Up 0.2 %

NYSE:LVS traded up $0.08 during trading hours on Friday, hitting $44.88. The company’s stock had a trading volume of 5,878,123 shares, compared to its average volume of 5,002,287. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 2.96. Las Vegas Sands Corp. has a 52-week low of $43.77 and a 52-week high of $61.25. The stock has a market capitalization of $33.44 billion, a P/E ratio of 21.68, a price-to-earnings-growth ratio of 0.84 and a beta of 1.18. The stock has a fifty day moving average of $48.58 and a 200-day moving average of $49.56.

Las Vegas Sands (NYSE:LVSGet Free Report) last released its quarterly earnings data on Wednesday, April 17th. The casino operator reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.13. Las Vegas Sands had a net margin of 13.99% and a return on equity of 42.34%. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the prior year, the firm posted $0.28 earnings per share. Las Vegas Sands’s revenue for the quarter was up 34.9% on a year-over-year basis. On average, equities analysts forecast that Las Vegas Sands Corp. will post 2.63 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, May 7th were paid a $0.20 dividend. The ex-dividend date was Monday, May 6th. This represents a $0.80 annualized dividend and a yield of 1.78%. Las Vegas Sands’s dividend payout ratio is presently 38.65%.

Las Vegas Sands Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Las Vegas Sands (NYSE:LVS)

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