Janus Henderson Group PLC Purchases 5,612,975 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Janus Henderson Group PLC grew its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 159.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 9,130,486 shares of the casino operator’s stock after purchasing an additional 5,612,975 shares during the quarter. Janus Henderson Group PLC’s holdings in Las Vegas Sands were worth $459,630,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tidal Investments LLC lifted its position in Las Vegas Sands by 19.0% in the 1st quarter. Tidal Investments LLC now owns 17,103 shares of the casino operator’s stock valued at $884,000 after acquiring an additional 2,736 shares in the last quarter. Comerica Bank increased its position in shares of Las Vegas Sands by 1.6% during the first quarter. Comerica Bank now owns 61,758 shares of the casino operator’s stock valued at $3,193,000 after buying an additional 959 shares during the period. Cetera Investment Advisers boosted its stake in Las Vegas Sands by 148.3% during the first quarter. Cetera Investment Advisers now owns 32,443 shares of the casino operator’s stock worth $1,677,000 after acquiring an additional 19,376 shares in the last quarter. Cetera Advisors LLC bought a new position in Las Vegas Sands during the first quarter valued at approximately $364,000. Finally, Mather Group LLC. increased its stake in shares of Las Vegas Sands by 28.1% in the second quarter. Mather Group LLC. now owns 2,034 shares of the casino operator’s stock worth $90,000 after purchasing an additional 446 shares in the last quarter. 39.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LVS has been the topic of a number of research reports. Morgan Stanley raised their target price on shares of Las Vegas Sands from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Argus downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Stifel Nicolaus lifted their price objective on shares of Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. UBS Group boosted their target price on shares of Las Vegas Sands from $49.00 to $50.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Finally, Susquehanna increased their target price on Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a research note on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $58.00.

Las Vegas Sands Trading Up 3.7 %

NYSE LVS opened at $55.00 on Tuesday. Las Vegas Sands Corp. has a 12 month low of $36.62 and a 12 month high of $55.65. The firm’s 50-day moving average is $50.77 and its two-hundred day moving average is $45.01. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 0.89. The stock has a market capitalization of $39.88 billion, a P/E ratio of 27.23, a PEG ratio of 1.40 and a beta of 1.10.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.79 billion. Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. Las Vegas Sands’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the company posted $0.55 earnings per share. On average, sell-side analysts anticipate that Las Vegas Sands Corp. will post 2.33 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, November 13th. Shareholders of record on Tuesday, November 5th were given a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.45%. Las Vegas Sands’s dividend payout ratio is currently 39.60%.

Insider Transactions at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 24,324 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following the completion of the transaction, the chief executive officer now owns 60,187 shares in the company, valued at approximately $3,129,724. This represents a 28.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is currently owned by corporate insiders.

About Las Vegas Sands

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.