Renaissance Technologies LLC Has $130.52 Million Stock Position in Las Vegas Sands Corp. (NYSE:LVS)

Renaissance Technologies LLC grew its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 44.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,949,670 shares of the casino operator’s stock after acquiring an additional 903,400 shares during the period. Renaissance Technologies LLC’s holdings in Las Vegas Sands were worth $130,523,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in LVS. Private Advisor Group LLC bought a new stake in Las Vegas Sands in the 4th quarter valued at $242,000. Dimensional Fund Advisors LP grew its stake in shares of Las Vegas Sands by 48.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 882,154 shares of the casino operator’s stock valued at $43,410,000 after acquiring an additional 288,684 shares in the last quarter. Principal Financial Group Inc. increased its position in Las Vegas Sands by 10.8% during the fourth quarter. Principal Financial Group Inc. now owns 412,502 shares of the casino operator’s stock worth $20,299,000 after acquiring an additional 40,247 shares during the period. Avantax Advisory Services Inc. acquired a new stake in Las Vegas Sands in the 4th quarter worth about $251,000. Finally, Kentucky Retirement Systems boosted its holdings in Las Vegas Sands by 3.7% in the 4th quarter. Kentucky Retirement Systems now owns 29,536 shares of the casino operator’s stock valued at $1,453,000 after purchasing an additional 1,055 shares during the period. Institutional investors own 39.16% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on LVS. Barclays lowered their target price on shares of Las Vegas Sands from $57.00 to $52.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. UBS Group lowered Las Vegas Sands from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $70.00 to $49.00 in a research note on Friday, August 23rd. Wells Fargo & Company cut their target price on Las Vegas Sands from $58.00 to $53.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Susquehanna dropped their price target on Las Vegas Sands from $59.00 to $51.00 and set a “positive” rating for the company in a research note on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.25.

Las Vegas Sands Stock Performance

Shares of Las Vegas Sands stock opened at $40.02 on Monday. The company’s 50 day moving average price is $40.08 and its two-hundred day moving average price is $44.91. The firm has a market capitalization of $29.82 billion, a P/E ratio of 19.33, a P/E/G ratio of 1.12 and a beta of 1.11. Las Vegas Sands Corp. has a fifty-two week low of $36.62 and a fifty-two week high of $55.65. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.58 and a quick ratio of 1.57.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, July 24th. The casino operator reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.01). The firm had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.82 billion. Las Vegas Sands had a net margin of 14.08% and a return on equity of 44.41%. During the same period last year, the business earned $0.46 EPS. The company’s revenue was up 8.6% compared to the same quarter last year. On average, equities analysts forecast that Las Vegas Sands Corp. will post 2.46 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Tuesday, August 6th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Tuesday, August 6th. Las Vegas Sands’s dividend payout ratio (DPR) is currently 38.65%.

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.