Engineers Gate Manager LP Purchases 194,915 Shares of Las Vegas Sands Corp. $LVS

Engineers Gate Manager LP grew its position in Las Vegas Sands Corp. (NYSE:LVS) by 155.0% during the fourth quarter, HoldingsChannel reports. The firm owned 320,666 shares of the casino operator’s stock after buying an additional 194,915 shares during the quarter. Engineers Gate Manager LP’s holdings in Las Vegas Sands were worth $20,872,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Grove Bank & Trust acquired a new stake in shares of Las Vegas Sands in the fourth quarter worth $26,000. International Assets Investment Management LLC acquired a new stake in shares of Las Vegas Sands in the fourth quarter worth $26,000. DV Equities LLC acquired a new stake in shares of Las Vegas Sands in the fourth quarter worth $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in shares of Las Vegas Sands in the fourth quarter worth $29,000. Finally, Wilmington Savings Fund Society FSB grew its stake in shares of Las Vegas Sands by 254.8% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator’s stock worth $36,000 after acquiring an additional 400 shares during the last quarter. Institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Stock Down 1.6%

LVS opened at $48.15 on Thursday. Las Vegas Sands Corp. has a fifty-two week low of $40.94 and a fifty-two week high of $70.45. The company has a debt-to-equity ratio of 8.64, a current ratio of 0.92 and a quick ratio of 0.91. The firm’s fifty day moving average price is $52.35 and its two-hundred day moving average price is $56.94. The company has a market capitalization of $31.91 billion, a P/E ratio of 17.83, a P/E/G ratio of 1.11 and a beta of 0.81.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.15. Las Vegas Sands had a net margin of 13.41% and a return on equity of 118.27%. The firm had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the previous year, the company earned $0.59 earnings per share. The business’s revenue was up 25.3% compared to the same quarter last year. On average, analysts anticipate that Las Vegas Sands Corp. will post 3.38 EPS for the current year.

Las Vegas Sands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 13th. Shareholders of record on Tuesday, May 5th were paid a dividend of $0.30 per share. The ex-dividend date was Tuesday, May 5th. This represents a $1.20 dividend on an annualized basis and a yield of 2.5%. Las Vegas Sands’s payout ratio is currently 44.44%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on LVS shares. Citigroup raised their price objective on shares of Las Vegas Sands from $76.75 to $78.50 and gave the stock a “buy” rating in a research note on Monday, April 13th. Wall Street Zen downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Seaport Research Partners lowered their price objective on shares of Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Las Vegas Sands from $77.00 to $73.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Finally, Barclays raised their price objective on shares of Las Vegas Sands from $64.00 to $65.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $67.91.

Las Vegas Sands Profile

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.