Las Vegas Sands Corp. (NYSE:LVS) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,090,979 shares of the casino operator’s stock after selling 55,659 shares during the quarter. Renaissance Technologies LLC’s holdings in Las Vegas Sands were worth $158,753,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Bank of Jackson Hole Trust bought a new position in shares of Las Vegas Sands in the fourth quarter worth $26,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Las Vegas Sands during the third quarter valued at $26,000. UMB Bank n.a. boosted its holdings in shares of Las Vegas Sands by 73.5% in 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 during the period. Brown Brothers Harriman & Co. acquired a new stake in Las Vegas Sands during the fourth quarter valued at $36,000. Finally, Smartleaf Asset Management LLC increased its holdings in Las Vegas Sands by 63.0% in 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 during the last quarter. 39.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on LVS shares. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price objective on Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. Barclays reduced their price objective on Las Vegas Sands from $61.00 to $58.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. Morgan Stanley dropped their target price on shares of Las Vegas Sands from $51.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Monday, February 24th. Finally, Wells Fargo & Company lowered their price target on 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. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Las Vegas Sands has a consensus rating of “Moderate Buy” and an average target price of $59.42.

Las Vegas Sands Price Performance

Shares of LVS opened at $32.11 on Tuesday. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35. The stock has a market cap of $22.99 billion, a P/E ratio of 16.30, a price-to-earnings-growth ratio of 1.41 and a beta of 0.99. The stock’s 50-day moving average price is $42.65 and its two-hundred day moving average price is $47.64. Las Vegas Sands Corp. has a 1 year low of $31.42 and a 1 year high of $56.61.

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

Las Vegas Sands Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Monday, February 10th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date was Monday, February 10th. 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.