Hodges Capital Management Inc. Acquires 1,000 Shares of Las Vegas Sands Corp. (LVS)

Hodges Capital Management Inc. boosted its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 17.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 6,600 shares of the casino operator’s stock after buying an additional 1,000 shares during the quarter. Hodges Capital Management Inc.’s holdings in Las Vegas Sands were worth $459,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Janus Henderson Group PLC grew its position in Las Vegas Sands by 25.0% in the third quarter. Janus Henderson Group PLC now owns 4,051,823 shares of the casino operator’s stock worth $259,973,000 after buying an additional 810,373 shares during the last quarter. Csenge Advisory Group acquired a new position in Las Vegas Sands in the third quarter worth approximately $504,000. Yellowstone Partners LLC acquired a new position in Las Vegas Sands in the third quarter worth approximately $640,000. Westfield Capital Management Co. LP acquired a new position in Las Vegas Sands in the third quarter worth approximately $327,000. Finally, AXA grew its position in Las Vegas Sands by 3.9% in the third quarter. AXA now owns 107,969 shares of the casino operator’s stock worth $6,927,000 after buying an additional 4,067 shares during the last quarter. Hedge funds and other institutional investors own 37.24% of the company’s stock.

Las Vegas Sands Corp. (NYSE LVS) opened at $71.00 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.05 and a current ratio of 1.07. Las Vegas Sands Corp. has a fifty-two week low of $51.35 and a fifty-two week high of $79.84. The company has a market cap of $56,130.00, a price-to-earnings ratio of 20.06 and a beta of 1.72.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, January 24th. The casino operator reported $0.88 EPS for the quarter, beating the consensus estimate of $0.77 by $0.11. Las Vegas Sands had a net margin of 21.78% and a return on equity of 34.76%. The business had revenue of $3.44 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the previous year, the company posted $0.62 EPS. Las Vegas Sands’s revenue was up 11.7% on a year-over-year basis. sell-side analysts predict that Las Vegas Sands Corp. will post 3.33 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 22nd will be issued a dividend of $0.75 per share. This is a boost from Las Vegas Sands’s previous quarterly dividend of $0.73. This represents a $3.00 annualized dividend and a dividend yield of 4.23%. The ex-dividend date is Wednesday, March 21st. Las Vegas Sands’s payout ratio is currently 82.49%.

In related news, Director George Jamieson purchased 1,000 shares of the stock in a transaction dated Tuesday, November 14th. The shares were acquired at an average cost of $66.96 per share, for a total transaction of $66,960.00. Following the acquisition, the director now directly owns 6,488 shares in the company, valued at approximately $434,436.48. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 10.10% of the company’s stock.

LVS has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research report on Friday, October 13th. Roth Capital initiated coverage on shares of Las Vegas Sands in a research report on Wednesday, October 25th. They issued a “buy” rating and a $69.00 price target on the stock. Morgan Stanley lifted their price target on shares of Las Vegas Sands from $63.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th. Deutsche Bank lifted their price objective on shares of Las Vegas Sands from $54.00 to $57.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. Finally, Gabelli lifted their price objective on shares of Las Vegas Sands from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $70.54.

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Las Vegas Sands Company Profile

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.

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

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