Harbour Investments Inc. Purchases 247 Shares of Las Vegas Sands Corp. $LVS

Harbour Investments Inc. boosted its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 21.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,401 shares of the casino operator’s stock after purchasing an additional 247 shares during the period. Harbour Investments Inc.’s holdings in Las Vegas Sands were worth $61,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in LVS. MassMutual Private Wealth & Trust FSB grew its holdings in Las Vegas Sands by 37.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 876 shares of the casino operator’s stock valued at $38,000 after purchasing an additional 239 shares during the last quarter. Hilltop National Bank bought a new position in Las Vegas Sands during the 2nd quarter valued at about $44,000. UMB Bank n.a. grew its stake in Las Vegas Sands by 53.8% in the 2nd quarter. UMB Bank n.a. now owns 1,361 shares of the casino operator’s stock worth $59,000 after acquiring an additional 476 shares in the last quarter. Parallel Advisors LLC grew its stake in Las Vegas Sands by 27.4% in the 2nd quarter. Parallel Advisors LLC now owns 2,272 shares of the casino operator’s stock worth $99,000 after acquiring an additional 488 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new position in Las Vegas Sands in the 1st quarter worth about $127,000. 39.16% of the stock is currently owned by institutional investors.

Las Vegas Sands Price Performance

NYSE LVS opened at $56.83 on Friday. The company has a debt-to-equity ratio of 6.53, a quick ratio of 1.21 and a current ratio of 1.22. The firm’s 50 day moving average price is $53.28 and its 200-day moving average price is $46.54. Las Vegas Sands Corp. has a 52-week low of $30.18 and a 52-week high of $58.05. The company has a market cap of $39.01 billion, a PE ratio of 25.71, a P/E/G ratio of 1.82 and a beta of 1.01.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, October 22nd. The casino operator reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.16. Las Vegas Sands had a net margin of 12.69% and a return on equity of 66.94%. The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same period last year, the firm earned $0.44 earnings per share. The company’s quarterly revenue was up 24.2% on a year-over-year basis. Sell-side analysts forecast that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Tuesday, November 4th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, November 4th. This represents a $1.00 dividend on an annualized basis and a yield of 1.8%. Las Vegas Sands’s dividend payout ratio is presently 50.51%.

Wall Street Analyst Weigh In

A number of brokerages have commented on LVS. Zacks Research upgraded shares of Las Vegas Sands from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Susquehanna upped their target price on shares of Las Vegas Sands from $62.00 to $63.00 and gave the stock a “positive” rating in a research note on Wednesday. Morgan Stanley upped their target price on shares of Las Vegas Sands from $50.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 11th. Argus upped their target price on shares of Las Vegas Sands from $60.00 to $65.00 in a research note on Tuesday, September 23rd. Finally, The Goldman Sachs Group dropped their target price on shares of Las Vegas Sands from $59.00 to $58.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $63.33.

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.