Sciencast Management LP acquired a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 19,973 shares of the casino operator’s stock, valued at approximately $1,530,000. Las Vegas Sands accounts for approximately 0.8% of Sciencast Management LP’s portfolio, making the stock its 14th biggest position.
Several other large investors also recently made changes to their positions in LVS. First Trust Advisors LP lifted its holdings in Las Vegas Sands by 67.4% in the 3rd quarter. First Trust Advisors LP now owns 97,855 shares of the casino operator’s stock worth $6,278,000 after purchasing an additional 39,397 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in Las Vegas Sands in the 3rd quarter worth approximately $209,000. Victory Capital Management Inc. lifted its holdings in Las Vegas Sands by 18.4% in the 3rd quarter. Victory Capital Management Inc. now owns 188,532 shares of the casino operator’s stock worth $12,096,000 after purchasing an additional 29,327 shares in the last quarter. Chicago Equity Partners LLC purchased a new position in Las Vegas Sands in the 3rd quarter worth approximately $443,000. Finally, Prudential Financial Inc. lifted its holdings in Las Vegas Sands by 3.3% in the 3rd quarter. Prudential Financial Inc. now owns 30,175 shares of the casino operator’s stock worth $1,936,000 after purchasing an additional 950 shares in the last quarter. Institutional investors own 38.68% of the company’s stock.
LVS has been the topic of a number of research analyst reports. Stifel Nicolaus reissued a “buy” rating and issued a $76.00 price target on shares of Las Vegas Sands in a report on Tuesday, January 9th. Zacks Investment Research raised Las Vegas Sands from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a report on Tuesday, December 26th. Barclays boosted their price target on Las Vegas Sands from $69.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, December 7th. Bank of America boosted their price target on Las Vegas Sands from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Finally, Jefferies Group initiated coverage on Las Vegas Sands in a report on Thursday, January 18th. They issued a “hold” rating and a $73.00 price target on the stock. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Las Vegas Sands presently has an average rating of “Buy” and an average target price of $70.54.
Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, January 24th. The casino operator reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.11. The business had revenue of $3.44 billion for the quarter, compared to analysts’ expectations of $3.26 billion. Las Vegas Sands had a return on equity of 33.90% and a net margin of 21.78%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.62 EPS. equities research analysts predict that Las Vegas Sands Corp. will post 3.34 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 22nd will be given a dividend of $0.75 per share. The ex-dividend date is Wednesday, March 21st. This represents a $3.00 annualized dividend and a dividend yield of 3.94%. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.73. Las Vegas Sands’s payout ratio is currently 82.49%.
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.
Want to see what other hedge funds are holding LVS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Las Vegas Sands Corp. (NYSE:LVS).
Receive News & Ratings for Las Vegas Sands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Las Vegas Sands and related companies with MarketBeat.com's FREE daily email newsletter.