Signaturefd LLC Has $156,000 Holdings in Las Vegas Sands Corp. (NYSE:LVS)

Signaturefd LLC cut its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 13.7% during the 4th quarter, HoldingsChannel reports. The fund owned 3,029 shares of the casino operator’s stock after selling 481 shares during the quarter. Signaturefd LLC’s holdings in Las Vegas Sands were worth $156,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Las Vegas Sands in the third quarter valued at about $26,000. Bank of Jackson Hole Trust acquired a new stake in Las Vegas Sands during the fourth quarter worth about $26,000. UMB Bank n.a. grew its stake in Las Vegas Sands by 73.5% during the fourth quarter. UMB Bank n.a. now owns 583 shares of the casino operator’s stock worth $30,000 after buying an additional 247 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Las Vegas Sands by 63.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 885 shares of the casino operator’s stock worth $45,000 after buying an additional 342 shares in the last quarter. Finally, Kestra Investment Management LLC acquired a new stake in Las Vegas Sands during the fourth quarter worth about $47,000. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LVS has been the topic of a number of research analyst reports. Jefferies Financial Group upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating and raised their price target for the company from $60.00 to $69.00 in a research note on Friday, January 3rd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Wells Fargo & Company reduced their price target on shares of Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Morgan Stanley dropped their price objective on shares of Las Vegas Sands from $51.00 to $49.00 and set an “equal weight” rating for the company in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. dropped 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 equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $59.42.

Las Vegas Sands Stock Down 2.1 %

Las Vegas Sands stock opened at $41.98 on Friday. 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 Corp. has a 52-week low of $36.62 and a 52-week high of $56.61. The firm has a 50 day moving average price of $44.04 and a two-hundred day moving average price of $47.74. The firm has a market cap of $30.05 billion, a price-to-earnings ratio of 21.31, a PEG ratio of 1.41 and a beta of 1.07.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, January 29th. The casino operator reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.04). Las Vegas Sands had a return on equity of 45.82% and a net margin of 12.80%. Equities analysts predict that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Monday, February 10th were paid a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 2.38%. This is a positive change from Las Vegas Sands’s previous quarterly dividend of $0.20. Las Vegas Sands’s payout ratio is currently 50.76%.

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.