Rafferty Asset Management LLC Acquires 3,401 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Rafferty Asset Management LLC boosted its holdings in Las Vegas Sands Corp. (NYSE:LVSFree Report) by 9.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,909 shares of the casino operator’s stock after acquiring an additional 3,401 shares during the quarter. Rafferty Asset Management LLC’s holdings in Las Vegas Sands were worth $1,866,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Las Vegas Sands by 0.4% in the third quarter. Vanguard Group Inc. now owns 32,634,143 shares of the casino operator’s stock worth $1,495,949,000 after purchasing an additional 124,008 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of Las Vegas Sands by 6.4% in the 4th quarter. Fisher Asset Management LLC now owns 11,275,127 shares of the casino operator’s stock worth $554,849,000 after buying an additional 680,575 shares during the last quarter. Norges Bank purchased a new stake in shares of Las Vegas Sands during the 4th quarter valued at $266,538,000. ARGA Investment Management LP raised its position in shares of Las Vegas Sands by 214.5% during the 4th quarter. ARGA Investment Management LP now owns 3,110,574 shares of the casino operator’s stock valued at $153,071,000 after buying an additional 2,121,546 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Las Vegas Sands by 3.6% during the 3rd quarter. Northern Trust Corp now owns 2,873,525 shares of the casino operator’s stock worth $131,722,000 after acquiring an additional 98,658 shares during the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on LVS shares. Barclays lowered their price target on Las Vegas Sands from $59.00 to $57.00 and set an “overweight” rating on the stock in a research report on Friday. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. JPMorgan Chase & Co. cut their price objective on shares of Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. Wells Fargo & Company decreased their target price on shares of Las Vegas Sands from $62.00 to $60.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. Finally, Stifel Nicolaus decreased their price objective on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Las Vegas Sands currently has an average rating of “Moderate Buy” and an average target price of $63.31.

Get Our Latest Research Report on Las Vegas Sands

Las Vegas Sands Trading Up 3.1 %

LVS opened at $45.02 on Monday. The firm has a market capitalization of $33.54 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 0.82 and a beta of 1.13. Las Vegas Sands Corp. has a one year low of $42.99 and a one year high of $61.25. The business has a 50 day simple moving average of $47.27 and a two-hundred day simple moving average of $49.26. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.30 and a quick ratio of 1.29.

Las Vegas Sands (NYSE:LVSGet Free Report) last announced its earnings results on Wednesday, April 17th. The casino operator reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.13. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.94 billion. Las Vegas Sands had a return on equity of 42.34% and a net margin of 13.99%. The firm’s revenue for the quarter was up 34.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 earnings per share. Analysts predict that Las Vegas Sands Corp. will post 2.63 EPS for the current year.

Las Vegas Sands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, May 7th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend was Monday, May 6th. Las Vegas Sands’s payout ratio is 38.65%.

Insider Activity at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 100,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $52.06, for a total value of $5,206,000.00. Following the completion of the sale, the chief executive officer now directly owns 172,801 shares in the company, valued at $8,996,020.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.91% of the stock is owned by corporate insiders.

Las Vegas Sands Company Profile

(Free Report)

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and Marina Bay Sands in Singapore.

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

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