Burford Brothers Inc. Acquires Shares of 17,651 Las Vegas Sands Corp. $LVS

Burford Brothers Inc. bought a new position in Las Vegas Sands Corp. (NYSE:LVSFree Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 17,651 shares of the casino operator’s stock, valued at approximately $815,000.

A number of other institutional investors have also recently made changes to their positions in LVS. AQR Capital Management LLC increased its position in shares of Las Vegas Sands by 222.7% during the fourth quarter. AQR Capital Management LLC now owns 9,098,518 shares of the casino operator’s stock valued at $592,223,000 after acquiring an additional 6,279,390 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Las Vegas Sands by 4.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 8,582,962 shares of the casino operator’s stock worth $462,450,000 after purchasing an additional 396,705 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Las Vegas Sands by 18.7% in the fourth quarter. Bank of New York Mellon Corp now owns 7,893,031 shares of the casino operator’s stock worth $513,757,000 after purchasing an additional 1,246,206 shares during the last quarter. Norges Bank bought a new position in shares of Las Vegas Sands during the fourth quarter valued at $364,892,000. Finally, Bamco Inc. NY purchased a new stake in shares of Las Vegas Sands during the second quarter valued at $174,796,000. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Argus lowered Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $62.00 price target (down from $73.00) on shares of Las Vegas Sands in a report on Thursday, July 23rd. Stifel Nicolaus reduced their price target on shares of Las Vegas Sands from $74.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. UBS Group set a $52.00 price objective on shares of Las Vegas Sands in a report on Thursday, July 2nd. Finally, Zacks Research downgraded shares of Las Vegas Sands from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $61.88.

Get Our Latest Stock Report on Las Vegas Sands

Las Vegas Sands Price Performance

LVS stock opened at $44.54 on Friday. Las Vegas Sands Corp. has a fifty-two week low of $43.36 and a fifty-two week high of $70.45. The business’s 50-day moving average is $46.15 and its two-hundred day moving average is $50.61. The company has a debt-to-equity ratio of 15.27, a quick ratio of 0.99 and a current ratio of 1.00. The company has a market cap of $28.85 billion, a price-to-earnings ratio of 17.33, a P/E/G ratio of 1.10 and a beta of 0.83.

Las Vegas Sands (NYSE:LVSGet Free Report) last announced its earnings results 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). The firm had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.31 billion. Las Vegas Sands had a return on equity of 133.90% and a net margin of 12.59%.The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the business posted $0.66 earnings per share. As a group, analysts forecast that Las Vegas Sands Corp. will post 3.09 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 12th. Investors of record on Tuesday, August 4th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.7%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 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.

Further Reading

Want to see what other hedge funds are holding LVS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Las Vegas Sands Corp. (NYSE:LVSFree Report).

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

Receive News & Ratings for Las Vegas Sands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Las Vegas Sands and related companies with MarketBeat.com's FREE daily email newsletter.