BlueCrest Capital Management Ltd lowered its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 68.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,553 shares of the casino operator’s stock after selling 32,009 shares during the quarter. BlueCrest Capital Management Ltd’s holdings in Las Vegas Sands were worth $1,011,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Truewealth LLC acquired a new stake in shares of Las Vegas Sands during the fourth quarter worth about $130,000. Bessemer Group Inc. raised its position in shares of Las Vegas Sands by 60.5% during the fourth quarter. Bessemer Group Inc. now owns 2,067 shares of the casino operator’s stock worth $144,000 after purchasing an additional 779 shares during the period. San Francisco Sentry Investment Group CA acquired a new stake in shares of Las Vegas Sands during the third quarter worth about $181,000. Independence Trust CO acquired a new stake in shares of Las Vegas Sands during the fourth quarter worth about $205,000. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of Las Vegas Sands during the third quarter worth about $198,000. 38.68% of the stock is currently owned by institutional investors.
A number of research analysts recently issued reports on the company. Bank of America increased their price objective on Las Vegas Sands from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Stifel Nicolaus reiterated a “buy” rating and set a $88.00 price objective (up from $76.00) on shares of Las Vegas Sands in a report on Thursday, January 25th. Barclays increased their price objective on Las Vegas Sands to $85.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. JPMorgan Chase & Co. increased their price objective on Las Vegas Sands from $63.00 to $72.00 and gave the stock a “neutral” rating in a report on Thursday, January 25th. Finally, Jefferies Group reiterated a “hold” rating on shares of Las Vegas Sands in a report on Thursday, January 25th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $70.54.
Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, January 24th. The casino operator reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.11. Las Vegas Sands had a return on equity of 33.90% and a net margin of 21.78%. The company had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the previous year, the company posted $0.62 EPS. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. research analysts anticipate that Las Vegas Sands Corp. will post 3.34 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 22nd will be paid a dividend of $0.75 per share. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.73. This represents a $3.00 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend is Wednesday, March 21st. Las Vegas Sands’s payout ratio is currently 101.39%.
COPYRIGHT VIOLATION WARNING: This article was first posted by American Banking News and is owned by of American Banking News. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://www.americanbankingnews.com/2018/03/14/bluecrest-capital-management-ltd-has-1-01-million-holdings-in-las-vegas-sands-corp-lvs.html.
About Las Vegas Sands
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.