Marshall Wace LLP Takes Position in Las Vegas Sands Corp. (LVS)

Marshall Wace LLP acquired a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS) during the first quarter, according to its most recent filing with the SEC. The institutional investor acquired 50,980 shares of the casino operator’s stock, valued at approximately $2,906,000.

Other hedge funds have also recently made changes to their positions in the company. Aviva PLC boosted its position in Las Vegas Sands Corp. by 7.2% in the fourth quarter. Aviva PLC now owns 262,775 shares of the casino operator’s stock valued at $14,035,000 after buying an additional 17,754 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of Las Vegas Sands Corp. during the fourth quarter worth approximately $2,174,000. First Capital Advisors Group LLC. acquired a new position in shares of Las Vegas Sands Corp. during the fourth quarter worth approximately $595,000. Federated Investors Inc. PA boosted its position in shares of Las Vegas Sands Corp. by 6.4% in the fourth quarter. Federated Investors Inc. PA now owns 512,200 shares of the casino operator’s stock worth $27,357,000 after buying an additional 30,800 shares during the last quarter. Finally, TCW Group Inc. boosted its position in shares of Las Vegas Sands Corp. by 14.0% in the fourth quarter. TCW Group Inc. now owns 19,815 shares of the casino operator’s stock worth $1,059,000 after buying an additional 2,433 shares during the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Institutional Ownership by Quarter for Las Vegas Sands Corp. (NYSE:LVS)

Shares of Las Vegas Sands Corp. (LVS) traded down 1.18% on Tuesday, hitting $64.62. 2,966,186 shares of the stock were exchanged. The stock has a market cap of $51.31 billion, a PE ratio of 28.10 and a beta of 1.75. Las Vegas Sands Corp. has a 52-week low of $41.45 and a 52-week high of $66.22. The company’s 50 day moving average is $60.32 and its 200-day moving average is $56.62.

Las Vegas Sands Corp. (NYSE:LVS) last released its quarterly earnings results on Wednesday, April 26th. The casino operator reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.04. The business had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.11 billion. Las Vegas Sands Corp. had a return on equity of 26.93% and a net margin of 15.51%. The business’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 EPS. Analysts predict that Las Vegas Sands Corp. will post $2.59 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 22nd will be paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 4.52%. The ex-dividend date is Tuesday, June 20th. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is presently 126.96%.

COPYRIGHT VIOLATION NOTICE: This story was originally posted by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this story on another site, it was stolen and republished in violation of U.S. & international copyright legislation. The legal version of this story can be read at https://sportsperspectives.com/2017/06/20/marshall-wace-llp-takes-position-in-las-vegas-sands-corp-lvs-updated.html.

LVS has been the subject of a number of recent research reports. Stifel Nicolaus lifted their price objective on shares of Las Vegas Sands Corp. from $63.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, April 27th. Deutsche Bank AG lifted their price objective on shares of Las Vegas Sands Corp. from $50.00 to $52.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Susquehanna Bancshares Inc restated a “buy” rating and issued a $69.00 target price on shares of Las Vegas Sands Corp. in a report on Friday, April 28th. CLSA restated a “buy” rating on shares of Las Vegas Sands Corp. in a report on Thursday, April 27th. Finally, Vetr lowered shares of Las Vegas Sands Corp. from a “buy” rating to a “hold” rating and set a $61.32 target price for the company. in a report on Wednesday, April 26th. Eleven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $61.48.

About Las Vegas Sands Corp.

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.

Receive News & Ratings for Las Vegas Sands Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Las Vegas Sands Corp. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply