Las Vegas Sands Corp. (NYSE:LVS) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP raised its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 640.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,819 shares of the casino operator’s stock after purchasing an additional 61,250 shares during the quarter. Quantinno Capital Management LP’s holdings in Las Vegas Sands were worth $3,637,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of Jackson Hole Trust purchased a new stake in shares of Las Vegas Sands in the fourth quarter valued at approximately $26,000. UMB Bank n.a. lifted its holdings in Las Vegas Sands by 73.5% in the fourth quarter. UMB Bank n.a. now owns 583 shares of the casino operator’s stock valued at $30,000 after acquiring an additional 247 shares during the period. Optiver Holding B.V. purchased a new stake in shares of Las Vegas Sands during the 4th quarter worth $32,000. Brown Brothers Harriman & Co. acquired a new position in shares of Las Vegas Sands during the 4th quarter worth $36,000. Finally, 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 valued at $39,000 after purchasing an additional 238 shares in the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Barclays decreased their price objective on shares of Las Vegas Sands from $58.00 to $53.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Hsbc Global Res raised Las Vegas Sands to a “strong-buy” rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. lowered their price target on Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. Macquarie reduced their price objective on Las Vegas Sands from $58.00 to $52.00 and set an “outperform” rating for the company in a report on Thursday, April 24th. Finally, Citigroup boosted their target price 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. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Las Vegas Sands presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.75.

Las Vegas Sands Stock Performance

Las Vegas Sands stock opened at $42.43 on Monday. Las Vegas Sands Corp. has a fifty-two week low of $30.18 and a fifty-two week high of $56.61. The company has a market capitalization of $29.98 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 1.41 and a beta of 0.99. The stock has a fifty day moving average of $37.67 and a two-hundred day moving average of $44.49. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.73 and a current ratio of 0.74.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, April 23rd. The casino operator reported $0.59 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.95 billion. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.78 EPS. On average, analysts anticipate that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Tuesday, May 6th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.36%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 55.56%.

Las Vegas Sands announced that its Board of Directors has initiated a share buyback program on Wednesday, April 23rd that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the casino operator to reacquire up to 8.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

About Las Vegas Sands

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.