Las Vegas Sands Corp. (NYSE:LVS) Shares Sold by Eos Management L.P.

Eos Management L.P. trimmed its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 22.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,832 shares of the casino operator’s stock after selling 9,634 shares during the period. Las Vegas Sands accounts for approximately 0.7% of Eos Management L.P.’s holdings, making the stock its 25th biggest position. Eos Management L.P.’s holdings in Las Vegas Sands were worth $1,686,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC boosted its stake in Las Vegas Sands by 159.6% during 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 in the last quarter. ARGA Investment Management LP lifted its holdings in Las Vegas Sands by 32.0% in the 4th quarter. ARGA Investment Management LP now owns 6,501,382 shares of the casino operator’s stock valued at $333,911,000 after acquiring an additional 1,577,042 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Las Vegas Sands by 13.5% in the 4th quarter. Bank of New York Mellon Corp now owns 11,662,548 shares of the casino operator’s stock valued at $598,988,000 after acquiring an additional 1,389,963 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Las Vegas Sands during the 4th quarter valued at about $55,221,000. Finally, Suvretta Capital Management LLC acquired a new position in shares of Las Vegas Sands in the 3rd quarter worth approximately $24,370,000. Institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Price Performance

Shares of LVS opened at $45.40 on Tuesday. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35. The stock has a market cap of $32.51 billion, a P/E ratio of 23.05, a price-to-earnings-growth ratio of 1.41 and a beta of 1.07. The stock’s 50-day moving average price is $45.23 and its two-hundred day moving average price is $47.56. Las Vegas Sands Corp. has a 1 year low of $36.62 and a 1 year high of $56.61.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, January 29th. The casino operator reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.04). Las Vegas Sands had a net margin of 12.80% and a return on equity of 45.82%. On average, equities analysts predict that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.

Las Vegas Sands Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Monday, February 10th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend was Monday, February 10th. This is a positive change from Las Vegas Sands’s previous quarterly dividend of $0.20. Las Vegas Sands’s dividend payout ratio (DPR) is currently 50.76%.

Analysts Set New Price Targets

LVS has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft cut their price objective on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Macquarie upped their target price on Las Vegas Sands from $57.00 to $58.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Jefferies Financial Group raised Las Vegas Sands from a “hold” rating to a “buy” rating and lifted their price target for the stock from $60.00 to $69.00 in a research note on Friday, January 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Finally, Morgan Stanley dropped their target price on shares of Las Vegas Sands from $51.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Monday, February 24th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Las Vegas Sands currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.42.

Las Vegas Sands 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.