New Age Alpha Advisors LLC Buys Shares of 61,428 Las Vegas Sands Corp. (NYSE:LVS)

New Age Alpha Advisors LLC purchased a new position in Las Vegas Sands Corp. (NYSE:LVS) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 61,428 shares of the casino operator’s stock, valued at approximately $3,155,000.

Other large investors also recently modified their holdings of the company. Fisher Asset Management LLC grew its position in Las Vegas Sands by 1.2% during the fourth quarter. Fisher Asset Management LLC now owns 13,810,351 shares of the casino operator’s stock worth $709,300,000 after buying an additional 160,711 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Las Vegas Sands by 13.5% during the 4th quarter. Bank of New York Mellon Corp now owns 11,662,548 shares of the casino operator’s stock worth $598,988,000 after purchasing an additional 1,389,963 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Las Vegas Sands by 159.6% during the third quarter. Janus Henderson Group PLC now owns 9,130,486 shares of the casino operator’s stock valued at $459,630,000 after purchasing an additional 5,612,975 shares during the period. ARGA Investment Management LP raised its stake in shares of Las Vegas Sands by 32.0% in the fourth quarter. ARGA Investment Management LP now owns 6,501,382 shares of the casino operator’s stock valued at $333,911,000 after purchasing an additional 1,577,042 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Las Vegas Sands in the fourth quarter valued at $216,571,000. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on LVS shares. Macquarie increased their price objective on shares of Las Vegas Sands from $57.00 to $58.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Morgan Stanley cut their price target on shares of Las Vegas Sands from $51.00 to $49.00 and set an “equal weight” rating for the company in a research note on Monday, February 24th. Barclays lowered their price objective on Las Vegas Sands from $61.00 to $58.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. Jefferies Financial Group upgraded Las Vegas Sands from a “hold” rating to a “buy” rating and raised their target price for the stock from $60.00 to $69.00 in a research report on Friday, January 3rd. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $59.42.

Las Vegas Sands Stock Performance

Shares of NYSE:LVS opened at $38.15 on Friday. The business has a fifty day moving average of $43.56 and a 200-day moving average of $47.76. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.73 and a current ratio of 0.74. Las Vegas Sands Corp. has a twelve month low of $36.62 and a twelve month high of $56.61. The firm has a market cap of $27.31 billion, a PE ratio of 19.36, a price-to-earnings-growth ratio of 1.41 and a beta of 1.07.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data 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 net margin of 12.80% and a return on equity of 45.82%. On average, equities research analysts predict that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Monday, February 10th were issued a dividend of $0.25 per share. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 2.62%. Las Vegas Sands’s dividend payout ratio is currently 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.