NEOS Investment Management LLC Acquires 3,728 Shares of Las Vegas Sands Corp. (NYSE:LVS)

NEOS Investment Management LLC lifted its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 27.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,302 shares of the casino operator’s stock after acquiring an additional 3,728 shares during the period. NEOS Investment Management LLC’s holdings in Las Vegas Sands were worth $889,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in LVS. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Las Vegas Sands during the third quarter valued at approximately $282,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Las Vegas Sands by 3.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 224,927 shares of the casino operator’s stock worth $11,323,000 after purchasing an additional 7,638 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Las Vegas Sands by 2.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,659,427 shares of the casino operator’s stock worth $133,876,000 after buying an additional 57,739 shares during the period. Martingale Asset Management L P lifted its holdings in Las Vegas Sands by 3.0% during the 3rd quarter. Martingale Asset Management L P now owns 41,081 shares of the casino operator’s stock valued at $2,068,000 after buying an additional 1,192 shares in the last quarter. Finally, ARGA Investment Management LP boosted its position in Las Vegas Sands by 24.8% in the 3rd quarter. ARGA Investment Management LP now owns 4,924,340 shares of the casino operator’s stock valued at $247,891,000 after buying an additional 977,636 shares during the period. 39.16% of the stock is owned by institutional investors.

Las Vegas Sands Stock Performance

Shares of LVS opened at $38.15 on Monday. Las Vegas Sands Corp. has a 12 month low of $36.62 and a 12 month high of $56.61. The stock has a fifty day moving average price of $43.56 and a 200-day moving average price of $47.81. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35. The firm has a market cap of $27.31 billion, a PE ratio of 19.36, a P/E/G ratio of 1.41 and a beta of 1.07.

Las Vegas Sands (NYSE:LVS) last issued 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%. Equities research analysts predict that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.

Las Vegas Sands Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Monday, February 10th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend was Monday, February 10th. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.20. Las Vegas Sands’s payout ratio is currently 50.76%.

Wall Street Analysts Forecast Growth

LVS has been the subject of several research analyst reports. Jefferies Financial Group raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating and lifted their price target for the company from $60.00 to $69.00 in a research note on Friday, January 3rd. Macquarie upped their target price on Las Vegas Sands from $57.00 to $58.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Morgan Stanley cut their price target on Las Vegas Sands from $51.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Monday, February 24th. Citigroup upped their price objective on shares of Las Vegas Sands from $64.50 to $67.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of 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 analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Las Vegas Sands has a consensus rating of “Moderate Buy” and an average target price of $59.42.

Las Vegas Sands 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.