New York State Teachers Retirement System Buys 13,164 Shares of Las Vegas Sands Corp. $LVS

New York State Teachers Retirement System boosted its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 5.0% in the 1st quarter, HoldingsChannel.com reports. The firm owned 276,993 shares of the casino operator’s stock after buying an additional 13,164 shares during the quarter. New York State Teachers Retirement System’s holdings in Las Vegas Sands were worth $14,924,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of LVS. Grove Bank & Trust acquired a new position in shares of Las Vegas Sands during the 4th quarter worth approximately $26,000. International Assets Investment Management LLC bought a new stake in shares of Las Vegas Sands during the 4th quarter worth approximately $26,000. DV Equities LLC acquired a new stake in shares of Las Vegas Sands in the 4th quarter valued at approximately $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in shares of Las Vegas Sands in the 4th quarter valued at approximately $29,000. Finally, Wilmington Savings Fund Society FSB grew its stake in shares of Las Vegas Sands by 254.8% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator’s stock valued at $36,000 after buying an additional 400 shares in the last quarter. 39.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Weiss Ratings downgraded shares of Las Vegas Sands from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Seaport Research Partners cut their price target on shares of Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. Jefferies Financial Group boosted their price objective on shares of Las Vegas Sands from $61.00 to $63.00 and gave the stock a “hold” rating in a research note on Thursday, April 23rd. Barclays upped their target price on shares of Las Vegas Sands from $64.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Finally, UBS Group set a $52.00 target price on shares of Las Vegas Sands in a research note on Thursday. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $67.28.

Las Vegas Sands Stock Up 0.1%

LVS stock opened at $47.06 on Friday. Las Vegas Sands Corp. has a 1-year low of $45.62 and a 1-year high of $70.45. The business’s 50 day simple moving average is $50.32 and its 200 day simple moving average is $55.35. 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 firm has a market capitalization of $31.18 billion, a PE ratio of 17.43, a PEG ratio of 1.06 and a beta of 0.83.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.15. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter last year, the firm posted $0.59 EPS. The company’s quarterly revenue was up 25.3% on a year-over-year basis. As a group, research analysts anticipate that Las Vegas Sands Corp. will post 3.38 EPS for the current year.

Las Vegas Sands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 13th. Stockholders of record on Tuesday, May 5th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Tuesday, May 5th. Las Vegas Sands’s dividend payout ratio (DPR) 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.