Las Vegas Sands Corp. $LVS Shares Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC boosted its holdings in Las Vegas Sands Corp. (NYSE:LVSFree Report) by 30.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 53,262 shares of the casino operator’s stock after purchasing an additional 12,295 shares during the quarter. Bleakley Financial Group LLC’s holdings in Las Vegas Sands were worth $2,870,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LVS. Mackenzie Financial Corp increased its holdings in shares of Las Vegas Sands by 0.3% in the 3rd quarter. Mackenzie Financial Corp now owns 53,945 shares of the casino operator’s stock valued at $2,902,000 after acquiring an additional 156 shares during the last quarter. Parallel Advisors LLC lifted its stake in Las Vegas Sands by 7.8% during the third quarter. Parallel Advisors LLC now owns 2,449 shares of the casino operator’s stock worth $132,000 after purchasing an additional 177 shares during the last quarter. &PARTNERS boosted its holdings in Las Vegas Sands by 3.2% in the fourth quarter. &PARTNERS now owns 6,930 shares of the casino operator’s stock valued at $453,000 after purchasing an additional 214 shares in the last quarter. United Capital Financial Advisors LLC boosted its holdings in Las Vegas Sands by 5.5% in the third quarter. United Capital Financial Advisors LLC now owns 4,945 shares of the casino operator’s stock valued at $266,000 after purchasing an additional 258 shares in the last quarter. Finally, Kestra Private Wealth Services LLC increased its stake in Las Vegas Sands by 4.2% in the fourth quarter. Kestra Private Wealth Services LLC now owns 6,859 shares of the casino operator’s stock valued at $446,000 after purchasing an additional 279 shares during the last quarter. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LVS has been the topic of a number of research analyst reports. Mizuho raised their price objective on shares of Las Vegas Sands from $65.00 to $67.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Stifel Nicolaus increased their target price on shares of Las Vegas Sands from $72.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. JPMorgan Chase & Co. cut their price target on shares of Las Vegas Sands from $68.00 to $64.00 and set an “overweight” rating on the stock in a research note on Wednesday. Weiss Ratings cut shares of Las Vegas Sands from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. Finally, The Goldman Sachs Group set a $63.00 price objective on shares of Las Vegas Sands in a research note on Wednesday. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Las Vegas Sands has a consensus rating of “Moderate Buy” and an average target price of $65.19.

Check Out Our Latest Analysis on Las Vegas Sands

Las Vegas Sands Stock Up 0.1%

Shares of Las Vegas Sands stock opened at $44.82 on Thursday. Las Vegas Sands Corp. has a one year low of $44.22 and a one year high of $70.45. The company has a market cap of $29.70 billion, a P/E ratio of 16.60, a PEG ratio of 1.01 and a beta of 0.83. The company has a debt-to-equity ratio of 8.64, a quick ratio of 0.91 and a current ratio of 0.92. The firm has a fifty day moving average of $49.12 and a two-hundred day moving average of $54.11.

Las Vegas Sands (NYSE:LVSGet Free Report) last issued its earnings results 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. 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 period in the prior year, the business posted $0.59 EPS. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. On average, analysts forecast that Las Vegas Sands Corp. will post 3.38 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 13th. Stockholders of record on Tuesday, May 5th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Tuesday, May 5th. Las Vegas Sands’s dividend payout ratio (DPR) is currently 44.44%.

Trending Headlines about Las Vegas Sands

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Las Vegas Sands Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding LVS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Las Vegas Sands Corp. (NYSE:LVSFree Report).

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

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