WINTON GROUP Ltd decreased its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 15.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 76,775 shares of the casino operator’s stock after selling 14,116 shares during the period. WINTON GROUP Ltd’s holdings in Las Vegas Sands were worth $5,335,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. boosted its holdings in shares of Las Vegas Sands by 60.5% during the 4th 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 period. San Francisco Sentry Investment Group CA bought a new stake in shares of Las Vegas Sands during the 3rd quarter worth about $181,000. Independence Trust CO bought a new stake in shares of Las Vegas Sands during the 4th quarter worth about $205,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Las Vegas Sands during the 3rd quarter worth about $198,000. Finally, Chase Investment Counsel Corp bought a new stake in shares of Las Vegas Sands during the 3rd quarter worth about $200,000. 38.68% of the stock is owned by institutional investors and hedge funds.
Shares of Las Vegas Sands Corp. (NYSE:LVS) traded up $0.04 during midday trading on Wednesday, reaching $73.90. 3,247,824 shares of the company’s stock traded hands, compared to its average volume of 3,540,000. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.07 and a current ratio of 1.09. Las Vegas Sands Corp. has a 1 year low of $54.71 and a 1 year high of $79.84. The firm has a market cap of $58,300.00, a PE ratio of 25.66 and a beta of 1.71.
Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, January 24th. The casino operator reported $0.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.11. Las Vegas Sands had a net margin of 21.78% and a return on equity of 33.90%. The firm had revenue of $3.44 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the prior year, the company posted $0.62 EPS. The company’s revenue was up 11.7% on a year-over-year basis. analysts expect that Las Vegas Sands Corp. will post 3.34 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 22nd will be given a $0.75 dividend. This is a boost from Las Vegas Sands’s previous quarterly dividend of $0.73. This represents a $3.00 annualized dividend and a yield of 4.06%. The ex-dividend date is Wednesday, March 21st. Las Vegas Sands’s dividend payout ratio is 101.39%.
In other Las Vegas Sands news, COO Robert G. Goldstein sold 39,155 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $76.00, for a total value of $2,975,780.00. Following the completion of the transaction, the chief operating officer now directly owns 39,155 shares in the company, valued at approximately $2,975,780. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 10.10% of the company’s stock.
A number of analysts have issued reports on LVS shares. Telsey Advisory Group started coverage on shares of Las Vegas Sands in a report on Tuesday. They issued a “market perform” rating and a $76.00 price objective for the company. Jefferies Group reissued a “hold” rating on shares of Las Vegas Sands in a report on Thursday, January 25th. ValuEngine raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a report on Friday, March 9th. Roth Capital boosted their price objective on shares of Las Vegas Sands from $69.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Finally, Zacks Investment Research downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $71.16.
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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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