Nationwide Fund Advisors Purchases 190,774 Shares of Las Vegas Sands Corp. (LVS)

Nationwide Fund Advisors boosted its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 39.9% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 668,917 shares of the casino operator’s stock after buying an additional 190,774 shares during the period. Nationwide Fund Advisors owned approximately 0.08% of Las Vegas Sands Corp. worth $38,175,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bristol Advisors LLC purchased a new position in shares of Las Vegas Sands Corp. during the fourth quarter worth approximately $310,000. Gerber Kawasaki Wealth & Investment Management boosted its position in shares of Las Vegas Sands Corp. by 30.6% in the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 66,448 shares of the casino operator’s stock worth $3,548,000 after buying an additional 15,588 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Las Vegas Sands Corp. by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 732,159 shares of the casino operator’s stock worth $39,109,000 after buying an additional 8,827 shares in the last quarter. Argent Capital Management LLC boosted its position in shares of Las Vegas Sands Corp. by 0.9% in the third quarter. Argent Capital Management LLC now owns 336,382 shares of the casino operator’s stock worth $19,355,000 after buying an additional 3,104 shares in the last quarter. Finally, Arrowpoint Asset Management LLC boosted its position in shares of Las Vegas Sands Corp. by 39.8% in the fourth quarter. Arrowpoint Asset Management LLC now owns 240,783 shares of the casino operator’s stock worth $12,860,000 after buying an additional 68,569 shares in the last quarter. 40.16% of the stock is currently owned by hedge funds and other institutional investors.

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

Las Vegas Sands Corp. (NYSE:LVS) traded down 0.68% during trading on Friday, reaching $57.38. The company had a trading volume of 2,722,726 shares. The company has a market capitalization of $45.61 billion, a PE ratio of 27.32 and a beta of 1.91. The firm’s 50 day moving average is $55.96 and its 200 day moving average is $56.38. Las Vegas Sands Corp. has a one year low of $41.45 and a one year high of $63.38. Las Vegas Sands Corp. also saw unusually large options trading on Thursday. Investors purchased 1,620 call options on the stock. This is an increase of approximately 335% compared to the average volume of 372 call options.

Las Vegas Sands Corp. (NYSE:LVS) last announced its quarterly earnings data on Wednesday, January 25th. The casino operator reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by $0.03. Las Vegas Sands Corp. had a return on equity of 23.75% and a net margin of 14.64%. The firm earned $3.08 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same period last year, the company earned $0.62 EPS. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities research analysts predict that Las Vegas Sands Corp. will post $2.54 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Thursday, March 23rd were paid a $0.73 dividend. The ex-dividend date of this dividend was Tuesday, March 21st. This represents a $2.92 annualized dividend and a yield of 5.09%. This is a boost from Las Vegas Sands Corp.’s previous quarterly dividend of $0.72. Las Vegas Sands Corp.’s dividend payout ratio is 137.14%.

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LVS has been the topic of a number of recent research reports. Vetr cut Las Vegas Sands Corp. from a “strong-buy” rating to a “buy” rating and set a $58.42 price target on the stock. in a research report on Wednesday, March 1st. Wells Fargo & Co reaffirmed a “market perform” rating on shares of Las Vegas Sands Corp. in a research report on Thursday, January 5th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Las Vegas Sands Corp. in a research report on Thursday, January 19th. Zacks Investment Research cut Las Vegas Sands Corp. from a “buy” rating to a “hold” rating in a research report on Monday, January 30th. Finally, Stifel Nicolaus dropped their price target on Las Vegas Sands Corp. from $65.00 to $63.00 and set a “buy” rating on the stock in a research report on Monday, April 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $58.87.

Las Vegas Sands Corp. 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.

5 Day Chart for NYSE:LVS

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