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

Versor Investments LP acquired a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 12,600 shares of the casino operator’s stock, valued at approximately $647,000.

Several other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp raised 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 acquiring an additional 1,389,963 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Las Vegas Sands by 159.6% during 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 buying an additional 5,612,975 shares during the period. ARGA Investment Management LP raised its holdings in Las Vegas Sands by 32.0% during the 4th quarter. ARGA Investment Management LP now owns 6,501,382 shares of the casino operator’s stock valued at $333,911,000 after buying an additional 1,577,042 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Las Vegas Sands by 1.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 5,627,422 shares of the casino operator’s stock valued at $283,284,000 after buying an additional 77,807 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Las Vegas Sands by 2.2% during 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 valued at $133,876,000 after buying an additional 57,739 shares during the period. 39.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on LVS shares. UBS Group increased their price target on Las Vegas Sands from $49.00 to $50.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft decreased their price target on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Macquarie increased their price target on Las Vegas Sands from $57.00 to $58.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Wells Fargo & Company decreased their price target on Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Finally, Jefferies Financial Group upgraded Las Vegas Sands from a “hold” rating to a “buy” rating and increased their target price for the stock from $60.00 to $69.00 in a research note on Friday, January 3rd. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $59.42.

Las Vegas Sands Price Performance

LVS opened at $44.74 on Friday. Las Vegas Sands Corp. has a 12-month low of $36.62 and a 12-month high of $56.60. 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 business’s fifty day simple moving average is $45.98 and its 200-day simple moving average is $47.25. 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.

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

Las Vegas Sands Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Monday, February 10th were given 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 dividend on an annualized basis and a dividend yield of 2.24%. 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.