Gotham Asset Management LLC Takes $4.88 Million Position in Las Vegas Sands Corp. (LVS)

Gotham Asset Management LLC bought a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 76,438 shares of the casino operator’s stock, valued at approximately $4,884,000.

A number of other hedge funds have also made changes to their positions in LVS. BlackRock Inc. grew its stake in Las Vegas Sands Corp. by 2,504.7% during the 1st quarter. BlackRock Inc. now owns 15,764,400 shares of the casino operator’s stock worth $899,674,000 after buying an additional 15,159,167 shares during the last quarter. Janus Henderson Group PLC grew its stake in Las Vegas Sands Corp. by 183.0% during the 2nd quarter. Janus Henderson Group PLC now owns 3,241,450 shares of the casino operator’s stock worth $207,090,000 after buying an additional 2,095,879 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Las Vegas Sands Corp. by 40.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 6,506,795 shares of the casino operator’s stock worth $415,720,000 after buying an additional 1,886,376 shares during the last quarter. Nicholas Investment Partners LP grew its stake in Las Vegas Sands Corp. by 2,418.0% during the 1st quarter. Nicholas Investment Partners LP now owns 1,500,000 shares of the casino operator’s stock worth $85,605,000 after buying an additional 1,440,429 shares during the last quarter. Finally, Capital World Investors grew its stake in Las Vegas Sands Corp. by 14.5% during the 2nd quarter. Capital World Investors now owns 9,998,000 shares of the casino operator’s stock worth $638,772,000 after buying an additional 1,263,000 shares during the last quarter. Hedge funds and other institutional investors own 38.01% of the company’s stock.

WARNING: This news story was first posted by Community Financial News and is the property of of Community Financial News. If you are accessing this news story on another domain, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The legal version of this news story can be viewed at https://www.com-unik.info/2017/10/12/gotham-asset-management-llc-takes-4-88-million-position-in-las-vegas-sands-corp-lvs.html.

LVS has been the topic of several research analyst reports. Stifel Nicolaus restated a “buy” rating on shares of Las Vegas Sands Corp. in a research note on Sunday, September 3rd. Bank of America Corporation restated a “buy” rating and set a $67.00 target price (up from $65.00) on shares of Las Vegas Sands Corp. in a research note on Friday, July 21st. Deutsche Bank AG restated a “hold” rating and set a $54.00 target price (up from $52.00) on shares of Las Vegas Sands Corp. in a research note on Thursday, July 27th. Wells Fargo & Company restated a “neutral” rating on shares of Las Vegas Sands Corp. in a research note on Tuesday, July 4th. Finally, Zacks Investment Research downgraded Las Vegas Sands Corp. from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $64.14.

Las Vegas Sands Corp. (NYSE:LVS) opened at 63.17 on Thursday. The firm has a market cap of $50.03 billion, a PE ratio of 24.58 and a beta of 1.76. Las Vegas Sands Corp. has a one year low of $51.35 and a one year high of $66.22. The stock has a 50 day moving average price of $63.17 and a 200 day moving average price of $61.03.

Las Vegas Sands Corp. (NYSE:LVS) last released its quarterly earnings results on Wednesday, July 26th. The casino operator reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.14. Las Vegas Sands Corp. had a return on equity of 29.91% and a net margin of 16.66%. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same quarter last year, the company posted $0.52 earnings per share. The business’s revenue was up 18.5% on a year-over-year basis. Equities research analysts expect that Las Vegas Sands Corp. will post $2.75 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, September 21st were issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date was Wednesday, September 20th. Las Vegas Sands Corp.’s dividend payout ratio is currently 113.18%.

Las Vegas Sands Corp. Company Profile

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.

Want to see what other hedge funds are holding LVS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Las Vegas Sands Corp. (NYSE:LVS).

Institutional Ownership by Quarter for Las Vegas Sands Corp. (NYSE:LVS)

What are top analysts saying about Las Vegas Sands Corp.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Las Vegas Sands Corp. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit