Short Interest in Las Vegas Sands Corp. (NYSE:LVS) Declines By 14.4%

Las Vegas Sands Corp. (NYSE:LVS) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totalling 5,814,100 shares, a drop of 14.4% from the May 30th total of 6,792,800 shares. Based on an average daily trading volume, of 4,210,000 shares, the short-interest ratio is presently 1.4 days. Approximately 1.7% of the shares of the company are sold short.

NYSE:LVS traded up $0.63 on Friday, hitting $63.23. The stock had a trading volume of 2,052,077 shares, compared to its average volume of 3,317,038. The stock has a market cap of $48.38 billion, a PE ratio of 19.05 and a beta of 1.52. The company has a current ratio of 1.73, a quick ratio of 1.72 and a debt-to-equity ratio of 1.85. The business has a 50-day moving average price of $58.51. Las Vegas Sands has a 52-week low of $47.39 and a 52-week high of $76.10.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, April 17th. The casino operator reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.06. The business had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.48 billion. Las Vegas Sands had a return on equity of 34.52% and a net margin of 11.15%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period last year, the firm posted $1.04 earnings per share. Equities analysts forecast that Las Vegas Sands will post 3.59 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Wednesday, June 19th were given a $0.77 dividend. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $3.08 annualized dividend and a yield of 4.87%. Las Vegas Sands’s payout ratio is 92.77%.

Several equities research analysts recently commented on the company. Deutsche Bank increased their price objective on Las Vegas Sands from $60.00 to $69.00 and gave the company a “hold” rating in a research report on Thursday, April 18th. They noted that the move was a valuation call. Zacks Investment Research cut Horiba from a “hold” rating to a “sell” rating in a research report on Wednesday, May 22nd. Telsey Advisory Group reaffirmed a “market perform” rating and set a $64.00 price objective (up from $58.00) on shares of Las Vegas Sands in a research report on Thursday, April 18th. Bank of America reaffirmed a “buy” rating and set a C$10.00 price objective on shares of Hexo in a research report on Wednesday, April 17th. Finally, Stifel Nicolaus increased their price objective on Las Vegas Sands from $72.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $68.46.

A number of large investors have recently made changes to their positions in LVS. First Interstate Bank boosted its position in Las Vegas Sands by 70.8% in the first quarter. First Interstate Bank now owns 410 shares of the casino operator’s stock worth $25,000 after purchasing an additional 170 shares during the last quarter. Private Capital Group LLC boosted its position in Las Vegas Sands by 55.7% in the first quarter. Private Capital Group LLC now owns 467 shares of the casino operator’s stock worth $28,000 after purchasing an additional 167 shares during the last quarter. Semmax Financial Advisors Inc. purchased a new position in Las Vegas Sands in the fourth quarter worth about $32,000. Icon Wealth Partners LLC bought a new position in shares of Las Vegas Sands in the first quarter worth about $32,000. Finally, Berman Capital Advisors LLC raised its stake in shares of Las Vegas Sands by 88.1% in the first quarter. Berman Capital Advisors LLC now owns 585 shares of the casino operator’s stock worth $35,000 after buying an additional 274 shares during the period. 36.37% of the stock is currently owned by institutional investors and hedge funds.

Las Vegas Sands Company Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.

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