Bamco Inc. NY Has $97.50 Million Position in Las Vegas Sands Corp. $LVS

Bamco Inc. NY raised its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 23.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,497,892 shares of the casino operator’s stock after acquiring an additional 279,663 shares during the period. Bamco Inc. NY’s holdings in Las Vegas Sands were worth $97,498,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Boothbay Fund Management LLC raised its stake in Las Vegas Sands by 18.0% during the 4th quarter. Boothbay Fund Management LLC now owns 7,687 shares of the casino operator’s stock valued at $500,000 after purchasing an additional 1,172 shares during the period. Schonfeld Strategic Advisors LLC raised its stake in Las Vegas Sands by 51.7% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 245,050 shares of the casino operator’s stock valued at $15,950,000 after purchasing an additional 83,556 shares during the period. PDT Partners LLC raised its stake in Las Vegas Sands by 1,004.4% during the 4th quarter. PDT Partners LLC now owns 169,285 shares of the casino operator’s stock valued at $11,019,000 after purchasing an additional 153,957 shares during the period. DV Equities LLC acquired a new stake in Las Vegas Sands during the 4th quarter valued at $28,000. Finally, AQR Capital Management LLC raised its stake in Las Vegas Sands by 222.7% during the 4th quarter. AQR Capital Management LLC now owns 9,098,518 shares of the casino operator’s stock valued at $592,223,000 after purchasing an additional 6,279,390 shares during the period. 39.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LVS. Deutsche Bank Aktiengesellschaft cut their target price on shares of Las Vegas Sands from $77.00 to $73.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. UBS Group dropped their price target on shares of Las Vegas Sands from $69.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, June 4th. Wells Fargo & Company dropped their price target on shares of Las Vegas Sands from $68.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 16th. HSBC upped their price target on shares of Las Vegas Sands from $73.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Finally, Weiss Ratings downgraded shares of Las Vegas Sands from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Las Vegas Sands currently has an average rating of “Moderate Buy” and a consensus target price of $67.91.

Las Vegas Sands Trading Down 1.6%

NYSE LVS opened at $48.15 on Thursday. Las Vegas Sands Corp. has a 1-year low of $40.94 and a 1-year high of $70.45. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 8.64. The company has a market capitalization of $31.91 billion, a PE ratio of 17.83, a price-to-earnings-growth ratio of 1.11 and a beta of 0.81. The firm’s fifty day simple moving average is $52.35 and its 200-day simple moving average is $56.94.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.15. The firm had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Las Vegas Sands had a net margin of 13.41% and a return on equity of 118.27%. Las Vegas Sands’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.59 earnings per share. As a group, sell-side analysts anticipate that Las Vegas Sands Corp. will post 3.38 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Tuesday, May 5th were issued a $0.30 dividend. The ex-dividend date was Tuesday, May 5th. This represents a $1.20 dividend on an annualized basis and a yield of 2.5%. Las Vegas Sands’s dividend payout ratio is currently 44.44%.

Las Vegas Sands Profile

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.