Las Vegas Sands Corp. $LVS Shares Bought by Bleakley Financial Group LLC

Bleakley Financial Group LLC grew its position in Las Vegas Sands Corp. (NYSE:LVSFree Report) by 30.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,262 shares of the casino operator’s stock after buying an additional 12,295 shares during the period. Bleakley Financial Group LLC’s holdings in Las Vegas Sands were worth $2,870,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Grove Bank & Trust acquired a new position in Las Vegas Sands in the fourth quarter valued at approximately $26,000. International Assets Investment Management LLC acquired a new stake in Las Vegas Sands during the fourth quarter worth $26,000. DV Equities LLC acquired a new stake in Las Vegas Sands during the fourth quarter worth $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new stake in Las Vegas Sands in the fourth quarter valued at $29,000. Finally, Wilmington Savings Fund Society FSB raised its position in 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 valued at $36,000 after purchasing an additional 400 shares during the period. Institutional investors and hedge funds own 39.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LVS. The Goldman Sachs Group set a $63.00 price objective on shares of Las Vegas Sands in a report on Wednesday. Jefferies Financial Group lifted their price target on shares of Las Vegas Sands from $61.00 to $63.00 and gave the company a “hold” rating in a research report on Thursday, April 23rd. Wells Fargo & Company dropped their price target on shares of Las Vegas Sands from $65.00 to $53.00 and set an “equal weight” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. reduced their price target on shares of Las Vegas Sands from $68.00 to $64.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Mizuho upped their price objective on shares of Las Vegas Sands from $65.00 to $67.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Las Vegas Sands has an average rating of “Moderate Buy” and a consensus price target of $65.19.

Check Out Our Latest Research Report on Las Vegas Sands

Las Vegas Sands Stock Performance

Shares of Las Vegas Sands stock opened at $44.82 on Thursday. The stock has a market capitalization of $29.70 billion, a price-to-earnings ratio of 16.60, a price-to-earnings-growth ratio of 1.01 and a beta of 0.83. 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 business has a 50-day moving average of $49.12 and a 200 day moving average of $54.11. Las Vegas Sands Corp. has a 12 month low of $44.22 and a 12 month high of $70.45.

Las Vegas Sands (NYSE:LVSGet Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The casino operator reported $0.91 EPS for the quarter, beating the consensus estimate of $0.76 by $0.15. The business had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.32 billion. Las Vegas Sands had a net margin of 13.41% and a return on equity of 118.27%. The business’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.59 earnings per share. As a group, sell-side analysts forecast that Las Vegas Sands Corp. will post 3.38 earnings per share 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 $0.30 dividend. The ex-dividend date was Tuesday, May 5th. This represents a $1.20 annualized dividend and a dividend yield of 2.7%. Las Vegas Sands’s payout ratio is 44.44%.

Las Vegas Sands News Summary

Here are the key news stories impacting Las Vegas Sands this week:

About Las Vegas Sands

(Free Report)

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.

See Also

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

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