Cercano Management LLC Makes New $209,000 Investment in Las Vegas Sands Corp. (NYSE:LVS)

Cercano Management LLC purchased a new stake in Las Vegas Sands Corp. (NYSE:LVS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,065 shares of the casino operator’s stock, valued at approximately $209,000.

Other large investors have also recently modified their holdings of the company. Oppenheimer & Co. Inc. raised its stake in Las Vegas Sands by 3.7% in the fourth quarter. Oppenheimer & Co. Inc. now owns 6,505 shares of the casino operator’s stock valued at $334,000 after purchasing an additional 231 shares in the last quarter. Wilmington Savings Fund Society FSB increased its holdings in shares of Las Vegas Sands by 45.6% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 760 shares of the casino operator’s stock worth $39,000 after buying an additional 238 shares during the last quarter. UMB Bank n.a. raised its position in shares of Las Vegas Sands by 73.5% during the 4th quarter. UMB Bank n.a. now owns 583 shares of the casino operator’s stock valued at $30,000 after buying an additional 247 shares in the last quarter. E Fund Management Co. Ltd. lifted its holdings in shares of Las Vegas Sands by 4.7% during the 4th quarter. E Fund Management Co. Ltd. now owns 5,595 shares of the casino operator’s stock worth $287,000 after acquiring an additional 250 shares during the last quarter. Finally, RiverFront Investment Group LLC grew its position in Las Vegas Sands by 2.6% in the fourth quarter. RiverFront Investment Group LLC now owns 10,257 shares of the casino operator’s stock worth $527,000 after acquiring an additional 257 shares in the last quarter. Institutional investors own 39.16% of the company’s stock.

Wall Street Analyst Weigh In

LVS has been the topic of a number of research reports. Mizuho set a $47.00 price target on Las Vegas Sands in a research report on Thursday, April 24th. Hsbc Global Res raised Las Vegas Sands to a “strong-buy” rating in a report on Thursday, April 24th. Stifel Nicolaus set a $57.00 target price on Las Vegas Sands and gave the stock a “buy” rating in a research note on Thursday, April 24th. Citigroup lifted their price target on shares of Las Vegas Sands from $64.50 to $67.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. lowered 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 report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Las Vegas Sands presently has an average rating of “Moderate Buy” and a consensus target price of $56.75.

Las Vegas Sands Trading Up 0.7 %

Shares of LVS opened at $38.32 on Tuesday. The firm has a fifty day simple moving average of $38.39 and a two-hundred day simple moving average of $45.20. Las Vegas Sands Corp. has a twelve month low of $30.18 and a twelve month high of $56.61. The stock has a market capitalization of $27.08 billion, a P/E ratio of 19.45, a PEG ratio of 1.41 and a beta of 0.99. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 3.35.

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

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Tuesday, May 6th will be given a dividend of $0.25 per share. 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 payout ratio is currently 55.56%.

Las Vegas Sands announced that its board has approved a stock buyback program on Wednesday, April 23rd that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the casino operator to purchase up to 8.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

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.