Las Vegas Sands Corp. (NYSE:LVS) Shares Acquired by Bamco Inc. NY

Bamco Inc. NY grew its stake in Las Vegas Sands Corp. (NYSE:LVS) by 29.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,581,075 shares of the casino operator’s stock after acquiring an additional 357,234 shares during the quarter. Bamco Inc. NY owned about 0.22% of Las Vegas Sands worth $79,591,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of LVS. The Manufacturers Life Insurance Company increased its stake in shares of Las Vegas Sands by 987.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,549,615 shares of the casino operator’s stock worth $245,570,000 after acquiring an additional 5,039,072 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Las Vegas Sands by 15.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 11,351,573 shares of the casino operator’s stock worth $502,307,000 after acquiring an additional 1,536,754 shares during the last quarter. Charles Lim Capital Ltd increased its stake in shares of Las Vegas Sands by 178.3% in the 2nd quarter. Charles Lim Capital Ltd now owns 1,600,000 shares of the casino operator’s stock worth $70,800,000 after acquiring an additional 1,025,000 shares during the last quarter. ARGA Investment Management LP increased its stake in shares of Las Vegas Sands by 24.8% in the 3rd quarter. ARGA Investment Management LP now owns 4,924,340 shares of the casino operator’s stock worth $247,891,000 after acquiring an additional 977,636 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Las Vegas Sands by 44.1% in the 2nd quarter. Renaissance Technologies LLC now owns 2,949,670 shares of the casino operator’s stock worth $130,523,000 after acquiring an additional 903,400 shares during the last quarter. 39.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LVS has been the subject of a number of recent analyst reports. Mizuho raised their price objective on Las Vegas Sands from $52.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. raised their price objective on Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Susquehanna raised their price objective on Las Vegas Sands from $51.00 to $59.00 and gave the stock a “positive” rating in a research report on Wednesday, October 16th. Argus downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Finally, UBS Group raised their price objective on Las Vegas Sands from $49.00 to $50.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Insider Activity

In related news, CEO Robert G. Goldstein sold 24,324 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $52.00, for a total value of $1,264,848.00. Following the transaction, the chief executive officer now owns 60,187 shares of the company’s stock, valued at $3,129,724. This represents a 28.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.91% of the company’s stock.

Las Vegas Sands Stock Performance

NYSE LVS opened at $53.06 on Monday. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 0.89. The company has a market cap of $38.47 billion, a P/E ratio of 26.27, a P/E/G ratio of 1.40 and a beta of 1.11. The stock has a 50-day moving average of $50.77 and a two-hundred day moving average of $45.01. Las Vegas Sands Corp. has a 1-year low of $36.62 and a 1-year high of $55.65.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.79 billion. During the same quarter in the previous year, the company posted $0.55 earnings per share. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. As a group, analysts anticipate that Las Vegas Sands Corp. will post 2.33 EPS for the current year.

Las Vegas Sands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.51%. Las Vegas Sands’s payout ratio is 39.60%.

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.