V Square Quantitative Management LLC Sells 466 Shares of Las Vegas Sands Corp. (NYSE:LVS)

V Square Quantitative Management LLC cut its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 7.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,414 shares of the casino operator’s stock after selling 466 shares during the quarter. V Square Quantitative Management LLC’s holdings in Las Vegas Sands were worth $278,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Janus Henderson Group PLC grew its holdings in shares of 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 worth $459,630,000 after buying an additional 5,612,975 shares in the last quarter. ARGA Investment Management LP boosted its position in Las Vegas Sands by 32.0% during the fourth quarter. ARGA Investment Management LP now owns 6,501,382 shares of the casino operator’s stock valued at $333,911,000 after purchasing an additional 1,577,042 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Las Vegas Sands by 1.4% during the third quarter. The Manufacturers Life Insurance Company now owns 5,627,422 shares of the casino operator’s stock valued at $283,284,000 after purchasing an additional 77,807 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Las Vegas Sands by 2.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,659,427 shares of the casino operator’s stock valued at $133,876,000 after purchasing an additional 57,739 shares during the last quarter. Finally, Bamco Inc. NY boosted its position in Las Vegas Sands by 29.2% during the third quarter. Bamco Inc. NY now owns 1,581,075 shares of the casino operator’s stock valued at $79,591,000 after purchasing an additional 357,234 shares during the last quarter. 39.16% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 60,187 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $53.02, for a total transaction of $3,191,114.74. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.91% of the company’s stock.

Las Vegas Sands Stock Performance

NYSE:LVS opened at $43.38 on Monday. The stock has a market cap of $31.06 billion, a P/E ratio of 22.02, a PEG ratio of 1.32 and a beta of 1.08. The stock has a 50 day simple moving average of $47.80 and a 200 day simple moving average of $46.93. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 3.09. Las Vegas Sands Corp. has a 1-year low of $36.62 and a 1-year high of $56.60.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, January 29th. The casino operator reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.04). Las Vegas Sands had a return on equity of 43.76% and a net margin of 12.80%. Research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Monday, February 10th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is 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 50.76%.

Analysts Set New Price Targets

Several brokerages recently commented on LVS. Citigroup increased their price target 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. Macquarie increased their price target on Las Vegas Sands from $57.00 to $58.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Stifel Nicolaus increased their price target on Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. UBS Group raised their price objective on Las Vegas Sands from $49.00 to $50.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $51.00 price objective (down from $54.00) on shares of Las Vegas Sands in a research report on Tuesday, January 14th. 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $59.58.

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.