Newbridge Financial Services Group Inc. Invests $124,000 in Las Vegas Sands Corp. (NYSE:LVS)

Newbridge Financial Services Group Inc. acquired a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,413 shares of the casino operator’s stock, valued at approximately $124,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC raised its stake in shares of Las Vegas Sands by 159.6% in the 3rd quarter. Janus Henderson Group PLC now owns 9,130,486 shares of the casino operator’s stock valued at $459,630,000 after acquiring an additional 5,612,975 shares during the period. ARGA Investment Management LP raised its position in 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 during the period. Suvretta Capital Management LLC purchased a new stake in Las Vegas Sands in the third quarter valued at approximately $24,370,000. Bamco Inc. NY lifted its stake in Las Vegas Sands by 29.2% during the third quarter. Bamco Inc. NY now owns 1,581,075 shares of the casino operator’s stock worth $79,591,000 after purchasing an additional 357,234 shares in the last quarter. Finally, Raymond James & Associates boosted its position in shares of Las Vegas Sands by 82.2% during the third quarter. Raymond James & Associates now owns 499,852 shares of the casino operator’s stock worth $25,163,000 after buying an additional 225,510 shares during the period. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 60,187 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $53.02, for a total value of $3,191,114.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.91% of the company’s stock.

Analyst Ratings Changes

LVS has been the topic of several research reports. Stifel Nicolaus increased their target price on Las Vegas Sands from $55.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. dropped their price objective on shares of Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. Morgan Stanley reiterated an “equal weight” rating and set a $51.00 target price (down from $54.00) on shares of Las Vegas Sands in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of 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. Finally, Wells Fargo & Company reduced their price objective on Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Las Vegas Sands has an average rating of “Moderate Buy” and a consensus target price of $59.58.

Las Vegas Sands Price Performance

LVS stock opened at $43.00 on Monday. The stock has a market cap of $31.17 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 1.32 and a beta of 1.08. Las Vegas Sands Corp. has a fifty-two week low of $36.62 and a fifty-two week high of $56.60. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 3.09. The business has a 50 day moving average price of $49.02 and a 200 day moving average price of $46.84.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, January 29th. The casino operator reported $0.54 earnings per share (EPS) 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 43.76%. Equities research analysts anticipate that Las Vegas Sands Corp. will post 2.63 earnings per share for the current fiscal year.

Las Vegas Sands Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Monday, February 10th will be issued a $0.25 dividend. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend is Monday, February 10th. Las Vegas Sands’s payout ratio is presently 40.61%.

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.