Roosevelt Investment Group Inc. Has $217,000 Stake in Las Vegas Sands Corp. (LVS)
Roosevelt Investment Group Inc. trimmed its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 26.6% in the 1st quarter, Holdings Channel reports. The firm owned 3,557 shares of the casino operator’s stock after selling 1,287 shares during the quarter. Roosevelt Investment Group Inc.’s holdings in Las Vegas Sands were worth $217,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in LVS. American International Group Inc. acquired a new position in Las Vegas Sands during the fourth quarter valued at $359,921,000. Bank of New York Mellon Corp raised its position in Las Vegas Sands by 21.6% during the fourth quarter. Bank of New York Mellon Corp now owns 5,405,796 shares of the casino operator’s stock valued at $281,371,000 after buying an additional 959,544 shares during the period. Boston Partners raised its position in Las Vegas Sands by 0.7% during the first quarter. Boston Partners now owns 5,204,367 shares of the casino operator’s stock valued at $317,258,000 after buying an additional 34,348 shares during the period. Norges Bank acquired a new position in Las Vegas Sands during the fourth quarter valued at $229,684,000. Finally, Thornburg Investment Management Inc. raised its position in Las Vegas Sands by 1.7% during the first quarter. Thornburg Investment Management Inc. now owns 3,970,962 shares of the casino operator’s stock valued at $242,070,000 after buying an additional 66,485 shares during the period. 35.51% of the stock is owned by institutional investors and hedge funds.
Several research firms recently weighed in on LVS. Zacks Investment Research raised Las Vegas Sands from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research report on Wednesday, May 15th. Telsey Advisory Group reissued a “market perform” rating and set a $64.00 price target (up from $58.00) on shares of Las Vegas Sands in a research report on Thursday, April 18th. Stifel Nicolaus upped their price target on Las Vegas Sands from $72.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Deutsche Bank upped their price target on Las Vegas Sands to $60.00 and gave the company a “buy” rating in a research report on Thursday, January 24th. Finally, HSBC lowered Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Wednesday, April 17th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. Las Vegas Sands currently has an average rating of “Hold” and a consensus price target of $68.32.
Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, April 17th. The casino operator reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.06. Las Vegas Sands had a return on equity of 34.52% and a net margin of 11.15%. The business had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.48 billion. During the same quarter in the prior year, the firm posted $1.04 EPS. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, equities research analysts forecast that Las Vegas Sands Corp. will post 3.43 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Wednesday, June 19th will be paid a dividend of $0.77 per share. The ex-dividend date is Tuesday, June 18th. This represents a $3.08 annualized dividend and a yield of 5.33%. Las Vegas Sands’s payout ratio is 92.77%.
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Las Vegas Sands Profile
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and iconic Marina Bay Sands in Singapore.
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