31,603 Shares in Las Vegas Sands Corp. $LVS Acquired by OP Asset Management Ltd

OP Asset Management Ltd acquired a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 31,603 shares of the casino operator’s stock, valued at approximately $1,703,000.

Other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its holdings in shares of Las Vegas Sands by 222.7% during the 4th quarter. AQR Capital Management LLC now owns 9,098,518 shares of the casino operator’s stock valued at $592,223,000 after purchasing an additional 6,279,390 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Las Vegas Sands by 58.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 8,186,257 shares of the casino operator’s stock worth $532,843,000 after purchasing an additional 3,018,704 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Las Vegas Sands by 18.7% in the fourth quarter. Bank of New York Mellon Corp now owns 7,893,031 shares of the casino operator’s stock worth $513,757,000 after purchasing an additional 1,246,206 shares in the last quarter. Norges Bank acquired a new position in Las Vegas Sands during the fourth quarter worth $364,892,000. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its position in Las Vegas Sands by 43.8% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,454,013 shares of the casino operator’s stock worth $293,371,000 after buying an additional 1,660,823 shares during the last quarter. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Las Vegas Sands Stock Performance

Shares of NYSE LVS opened at $47.15 on Monday. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 8.64. The business’s 50 day moving average is $51.38 and its two-hundred day moving average is $55.97. The company has a market cap of $31.24 billion, a P/E ratio of 17.46, a P/E/G ratio of 1.07 and a beta of 0.81. Las Vegas Sands Corp. has a 12 month low of $43.20 and a 12 month high of $70.45.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.15. The company had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.Las Vegas Sands’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.59 earnings per share. On average, equities analysts expect that Las Vegas Sands Corp. will post 3.38 EPS for the current year.

Las Vegas Sands Announces Dividend

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

Analysts Set New Price Targets

LVS has been the topic of several recent research reports. Wells Fargo & Company cut their target price on Las Vegas Sands from $68.00 to $65.00 and set an “equal weight” rating on the stock in a report on Thursday, April 16th. Stifel Nicolaus increased their price objective on Las Vegas Sands from $72.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Weiss Ratings downgraded Las Vegas Sands from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. JPMorgan Chase & Co. reduced their target price on Las Vegas Sands from $71.00 to $68.00 and set an “overweight” rating for the company in a report on Thursday, April 23rd. Finally, Jefferies Financial Group upped their target price on Las Vegas Sands from $61.00 to $63.00 and gave the stock a “hold” rating in a research 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. According to MarketBeat, Las Vegas Sands 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.