Bridgefront Capital LLC Sells 15,499 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Bridgefront Capital LLC lowered its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 58.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,104 shares of the casino operator’s stock after selling 15,499 shares during the period. Bridgefront Capital LLC’s holdings in Las Vegas Sands were worth $570,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of LVS. Caxton Associates LP bought a new stake in Las Vegas Sands in the fourth quarter valued at approximately $301,000. Baird Financial Group Inc. increased its position in shares of Las Vegas Sands by 18.6% in the 4th quarter. Baird Financial Group Inc. now owns 5,215 shares of the casino operator’s stock valued at $268,000 after buying an additional 818 shares in the last quarter. Bamco Inc. NY increased its position in shares of Las Vegas Sands by 2.9% in the 4th quarter. Bamco Inc. NY now owns 1,627,165 shares of the casino operator’s stock valued at $83,571,000 after buying an additional 46,090 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in Las Vegas Sands during the 4th quarter worth $425,000. Finally, Ameriprise Financial Inc. lifted its holdings in Las Vegas Sands by 9.7% during the fourth quarter. Ameriprise Financial Inc. now owns 1,882,900 shares of the casino operator’s stock worth $96,706,000 after acquiring an additional 166,739 shares in the last quarter. 39.16% of the stock is owned by institutional investors.

Las Vegas Sands Stock Performance

NYSE LVS opened at $38.32 on Tuesday. The firm’s fifty day moving average price is $38.39 and its two-hundred day moving average price is $45.20. Las Vegas Sands Corp. has a 1 year low of $30.18 and a 1 year high of $56.61. The firm has a market capitalization of $27.08 billion, a P/E ratio of 19.45, a price-to-earnings-growth ratio of 1.41 and a beta of 0.99. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, April 23rd. The casino operator reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.01). The firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.95 billion. Las Vegas Sands had a net margin of 12.80% and a return on equity of 45.82%. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter last year, the business posted $0.78 earnings per share. As a group, research analysts anticipate that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Tuesday, May 6th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date is Tuesday, May 6th. Las Vegas Sands’s dividend payout ratio (DPR) is presently 55.56%.

Las Vegas Sands declared that its Board of Directors has authorized a stock buyback plan on Wednesday, April 23rd that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the casino operator to purchase up to 8.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

LVS has been the topic of a number of research analyst reports. Citigroup raised their price target on Las Vegas Sands from $64.50 to $67.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Macquarie cut their price target on shares of Las Vegas Sands from $58.00 to $52.00 and set an “outperform” rating on the stock in a research note on Thursday, April 24th. Mizuho set a $47.00 price target on shares of Las Vegas Sands in a report on Thursday, April 24th. JPMorgan Chase & Co. cut their price objective on shares of Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. Finally, Hsbc Global Res upgraded Las Vegas Sands to a “strong-buy” rating in a report on Thursday, April 24th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $56.75.

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.