PDT Partners LLC bought a new position in Las Vegas Sands Corp. (NYSE:LVS – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 30,015 shares of the casino operator’s stock, valued at approximately $1,386,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Swiss Life Asset Management Ltd increased its stake in shares of Las Vegas Sands by 116.2% during the 4th quarter. Swiss Life Asset Management Ltd now owns 148,196 shares of the casino operator’s stock worth $9,646,000 after purchasing an additional 79,641 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of Las Vegas Sands by 411.5% in the 4th quarter. Crossmark Global Holdings Inc. now owns 44,208 shares of the casino operator’s stock valued at $2,877,000 after purchasing an additional 35,566 shares during the last quarter. Wealthfront Advisers LLC lifted its stake in shares of Las Vegas Sands by 40.6% in the 4th quarter. Wealthfront Advisers LLC now owns 67,446 shares of the casino operator’s stock valued at $4,390,000 after purchasing an additional 19,488 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Las Vegas Sands by 74.2% in the first quarter. SG Americas Securities LLC now owns 1,529,236 shares of the casino operator’s stock worth $82,395,000 after purchasing an additional 651,214 shares in the last quarter. Finally, Fieldview Capital Management LLC bought a new stake in Las Vegas Sands in the fourth quarter worth $4,561,000. Institutional investors and hedge funds own 39.16% of the company’s stock.
Wall Street Analysts Forecast Growth
LVS has been the topic of several recent research reports. Citigroup cut their target price on Las Vegas Sands from $78.50 to $73.00 and set a “buy” rating on the stock in a report on Friday, July 10th. Mizuho decreased their price target 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. UBS Group set a $52.00 price objective on Las Vegas Sands in a report on Thursday, July 2nd. Morgan Stanley cut their price objective on Las Vegas Sands from $68.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Monday, July 27th. Finally, Barclays reduced their target price on Las Vegas Sands from $63.00 to $59.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $61.88.
Las Vegas Sands Stock Down 2.2%
Shares of LVS stock opened at $46.24 on Thursday. Las Vegas Sands Corp. has a 12 month low of $44.21 and a 12 month high of $70.45. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 15.27. The firm has a market cap of $29.95 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 1.16 and a beta of 0.85. The stock has a 50 day moving average of $46.57 and a 200-day moving average of $51.15.
Las Vegas Sands (NYSE:LVS – Get Free Report) last announced 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 return on equity of 133.90% and a net margin of 12.59%.The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same quarter in the previous year, the business posted $0.66 EPS. The company’s revenue was down .7% on a year-over-year basis. On average, equities analysts predict that Las Vegas Sands Corp. will post 3.09 EPS for the current year.
Las Vegas Sands Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Tuesday, August 4th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.6%. The ex-dividend date was Tuesday, August 4th. Las Vegas Sands’s dividend payout ratio (DPR) is currently 46.69%.
Las Vegas Sands Company Profile
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.
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