Howard Capital Management LLC bought a new position in shares of Las Vegas Sands Corp. (NYSE:LVS – Free Report) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 142,569 shares of the casino operator’s stock, valued at approximately $5,391,000.
A number of other hedge funds have also added to or reduced their stakes in the business. V Square Quantitative Management LLC boosted its stake in shares of Las Vegas Sands by 52.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 9,133 shares of the casino operator’s stock worth $345,000 after buying an additional 3,123 shares during the last quarter. Fort Washington Investment Advisors Inc. OH increased its position in shares of Las Vegas Sands by 0.8% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 1,774,781 shares of the casino operator’s stock valued at $67,104,000 after acquiring an additional 13,580 shares during the last quarter. Krilogy Financial LLC increased its position in shares of Las Vegas Sands by 11.4% in the third quarter. Krilogy Financial LLC now owns 17,003 shares of the casino operator’s stock valued at $615,000 after acquiring an additional 1,734 shares during the last quarter. NorthCrest Asset Manangement LLC acquired a new stake in shares of Las Vegas Sands in the third quarter valued at about $213,000. Finally, GAMMA Investing LLC raised its holdings in Las Vegas Sands by 37.5% during the third quarter. GAMMA Investing LLC now owns 9,569 shares of the casino operator’s stock worth $362,000 after acquiring an additional 2,609 shares in the last quarter. Institutional investors own 39.16% of the company’s stock.
Las Vegas Sands Stock Performance
NYSE:LVS traded down $0.36 during mid-day trading on Friday, hitting $37.96. The stock had a trading volume of 8,329,365 shares, compared to its average volume of 6,048,983. Las Vegas Sands Corp. has a twelve month low of $35.28 and a twelve month high of $70.45. 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 stock has a market cap of $24.58 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 0.94 and a beta of 0.78. The company’s 50 day simple moving average is $41.70 and its 200 day simple moving average is $47.23.
Las Vegas Sands (NYSE:LVS – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.31 billion. Las Vegas Sands had a return on equity of 133.90% and a net margin of 12.59%. Las Vegas Sands’s quarterly revenue was down .7% compared to the same quarter last year. During the same period last year, the firm earned $0.66 EPS. On average, equities research 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 announced a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Tuesday, August 4th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Tuesday, August 4th. Las Vegas Sands’s payout ratio is currently 46.69%.
Analyst Ratings Changes
Several research analysts recently commented on the company. Jefferies Financial Group reduced their price target on Las Vegas Sands from $52.00 to $47.00 and set a “hold” rating for the company in a research report on Thursday, July 23rd. Wells Fargo & Company lowered their price target on Las Vegas Sands from $53.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Monday, July 27th. The Goldman Sachs Group lowered their price target on Las Vegas Sands from $55.00 to $47.00 and set a “buy” rating on the stock in a research report on Tuesday. Wolfe Research began coverage on Las Vegas Sands in a research note on Wednesday, September 2nd. They set a “peer perform” rating on the stock. Finally, HSBC cut their price objective on Las Vegas Sands from $78.00 to $68.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Eleven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $59.69.
View Our Latest Stock Analysis on Las Vegas Sands
Las Vegas Sands Company Profile
Las Vegas Sands Corp. (NYSE: LVS) is a global developer and operator of integrated resorts that combine casino gaming with hotels, convention and exhibition facilities, retail, dining and entertainment venues. The company’s properties are designed to serve leisure travelers, business visitors and convention groups.
Las Vegas Sands operates major integrated resorts in Macau, including The Venetian Macao, The Parisian Macao, The Londoner Macao and Four Seasons Hotel Macao. In Singapore, it operates Marina Bay Sands, a large resort featuring hotel accommodations, gaming, shopping, dining, entertainment and convention facilities.
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