Bleakley Financial Group LLC Boosts Stake in Las Vegas Sands Corp. (NYSE:LVS)

Bleakley Financial Group LLC raised its position in Las Vegas Sands Corp. (NYSE:LVS) by 33.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,271 shares of the casino operator’s stock after purchasing an additional 3,862 shares during the quarter. Bleakley Financial Group LLC’s holdings in Las Vegas Sands were worth $784,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Janus Henderson Group PLC raised its holdings in Las Vegas Sands by 159.6% in the third quarter. Janus Henderson Group PLC now owns 9,130,486 shares of the casino operator’s stock valued at $459,630,000 after buying an additional 5,612,975 shares during the period. ARGA Investment Management LP increased its position in shares of Las Vegas Sands by 32.0% in the fourth quarter. ARGA Investment Management LP now owns 6,501,382 shares of the casino operator’s stock worth $333,911,000 after acquiring an additional 1,577,042 shares in the last quarter. Suvretta Capital Management LLC purchased a new position in shares of Las Vegas Sands in the 3rd quarter valued at $24,370,000. Bamco Inc. NY lifted its holdings in shares of Las Vegas Sands by 29.2% during the 3rd quarter. Bamco Inc. NY now owns 1,581,075 shares of the casino operator’s stock valued at $79,591,000 after acquiring an additional 357,234 shares in the last quarter. Finally, Raymond James & Associates boosted its position in Las Vegas Sands by 82.2% during the 3rd quarter. Raymond James & Associates now owns 499,852 shares of the casino operator’s stock worth $25,163,000 after purchasing an additional 225,510 shares during the period. 39.16% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 60,187 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $53.02, for a total value of $3,191,114.74. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.91% of the stock is currently owned by insiders.

Las Vegas Sands Stock Performance

Las Vegas Sands stock opened at $43.00 on Monday. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 0.89. Las Vegas Sands Corp. has a 12 month low of $36.62 and a 12 month high of $56.60. The company has a fifty day moving average price of $49.02 and a two-hundred day moving average price of $46.84. The company has a market cap of $31.17 billion, a PE ratio of 21.83, a P/E/G ratio of 1.32 and a beta of 1.08.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, January 29th. The casino operator reported $0.54 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.04). Las Vegas Sands had a net margin of 12.80% and a return on equity of 43.76%. Research analysts expect that Las Vegas Sands Corp. will post 2.63 earnings per share for the current year.

Las Vegas Sands Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Monday, February 10th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.33%. This is a boost from Las Vegas Sands’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, February 10th. Las Vegas Sands’s dividend payout ratio (DPR) is presently 40.61%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Susquehanna raised their price objective on Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a research report on Wednesday, October 16th. Wells Fargo & Company reduced their price target on Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Macquarie increased their price objective on shares of Las Vegas Sands from $57.00 to $58.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. UBS Group lifted their target price on Las Vegas Sands from $49.00 to $50.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Finally, Citigroup upped their target price on Las Vegas Sands from $64.50 to $67.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Las Vegas Sands currently has an average rating of “Moderate Buy” and an average price target of $59.58.

Las Vegas Sands Company Profile

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.