Versor Investments LP Makes New $647,000 Investment in Las Vegas Sands Corp. (NYSE:LVS)

Versor Investments LP bought a new position in Las Vegas Sands Corp. (NYSE:LVS) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 12,600 shares of the casino operator’s stock, valued at approximately $647,000.

A number of other hedge funds have also bought and sold shares of the business. Empowered Funds LLC raised its position in Las Vegas Sands by 3.6% in the 3rd quarter. Empowered Funds LLC now owns 6,050 shares of the casino operator’s stock worth $305,000 after buying an additional 213 shares during the last quarter. Raymond James Trust N.A. grew its stake in shares of Las Vegas Sands by 4.7% during the 3rd quarter. Raymond James Trust N.A. now owns 5,062 shares of the casino operator’s stock valued at $255,000 after purchasing an additional 229 shares during the period. Oppenheimer & Co. Inc. grew its stake in shares of Las Vegas Sands by 3.7% during the 4th quarter. Oppenheimer & Co. Inc. now owns 6,505 shares of the casino operator’s stock valued at $334,000 after purchasing an additional 231 shares during the period. Wilmington Savings Fund Society FSB grew its stake in shares of Las Vegas Sands by 45.6% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 760 shares of the casino operator’s stock valued at $39,000 after purchasing an additional 238 shares during the period. Finally, UMB Bank n.a. grew its stake in shares of Las Vegas Sands by 73.5% during the 4th quarter. UMB Bank n.a. now owns 583 shares of the casino operator’s stock valued at $30,000 after purchasing an additional 247 shares during the period. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Jefferies Financial Group upgraded Las Vegas Sands from a “hold” rating to a “buy” rating and boosted their price target for the company from $60.00 to $69.00 in a research note on Friday, January 3rd. UBS Group boosted their price target on Las Vegas Sands from $49.00 to $50.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Wells Fargo & Company cut their price target on Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Citigroup boosted their price objective on Las Vegas Sands from $64.50 to $67.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.42.

Las Vegas Sands Trading Up 2.3 %

LVS stock opened at $44.74 on Friday. Las Vegas Sands Corp. has a 1-year low of $36.62 and a 1-year high of $56.60. The company has a debt-to-equity ratio of 3.35, a current ratio of 0.74 and a quick ratio of 0.73. The company has a market capitalization of $32.03 billion, a price-to-earnings ratio of 22.71, a PEG ratio of 1.41 and a beta of 1.08. The business has a 50 day simple moving average of $45.98 and a two-hundred day simple moving average of $47.25.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, January 29th. The casino operator reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.04). Las Vegas Sands had a return on equity of 45.82% and a net margin of 12.80%. Research analysts anticipate that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Monday, February 10th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.24%. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, February 10th. Las Vegas Sands’s dividend payout ratio is presently 50.76%.

Las Vegas Sands Company Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, 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 Marina Bay Sands in Singapore.