Osmosis Investment Management UK Ltd Acquires Shares of 42,347 Las Vegas Sands Corp. $LVS

Osmosis Investment Management UK Ltd bought a new position in shares of Las Vegas Sands Corp. (NYSE:LVSFree Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 42,347 shares of the casino operator’s stock, valued at approximately $1,956,000.

Other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC acquired a new position in shares of Las Vegas Sands in the fourth quarter valued at approximately $26,000. DV Equities LLC acquired a new stake in shares of Las Vegas Sands during the fourth quarter worth $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new position in Las Vegas Sands in the 4th quarter valued at $29,000. Wilmington Savings Fund Society FSB grew its position in Las Vegas Sands by 254.8% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator’s stock valued at $36,000 after buying an additional 400 shares during the last quarter. Finally, IFP Advisors Inc increased its stake in Las Vegas Sands by 182.4% in the 3rd quarter. IFP Advisors Inc now owns 672 shares of the casino operator’s stock valued at $36,000 after buying an additional 434 shares during the period. 39.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Susquehanna dropped their price target on shares of Las Vegas Sands from $64.00 to $63.00 and set a “positive” rating on the stock in a research note on Wednesday, July 22nd. Wells Fargo & Company reduced their price objective on shares of Las Vegas Sands from $65.00 to $53.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 14th. Argus cut Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, July 30th. Barclays dropped their target price on Las Vegas Sands from $63.00 to $59.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Finally, Mizuho cut their target price on Las Vegas Sands from $67.00 to $61.00 and set an “outperform” rating for the company in a research note on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $61.88.

Check Out Our Latest Research Report on Las Vegas Sands

Las Vegas Sands Stock Performance

Shares of LVS opened at $46.97 on Tuesday. Las Vegas Sands Corp. has a 12-month low of $44.21 and a 12-month high of $70.45. The stock has a market cap of $30.42 billion, a P/E ratio of 18.28, a PEG ratio of 1.16 and a beta of 0.85. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 15.27. The company has a 50-day moving average of $46.64 and a two-hundred day moving average of $51.30.

Las Vegas Sands (NYSE:LVSGet Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.17). Las Vegas Sands had a net margin of 12.59% and a return on equity of 133.90%. The company had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.31 billion. During the same quarter in the prior year, the company earned $0.66 earnings per share. The firm’s revenue was down .7% compared to the same quarter last year. As a group, research analysts predict that Las Vegas Sands Corp. will post 3.09 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Tuesday, August 4th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Tuesday, August 4th. Las Vegas Sands’s dividend payout ratio (DPR) is 46.69%.

About Las Vegas Sands

(Free Report)

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.

See Also

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

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