Groupama Asset Managment Purchases 11,369 Shares of Las Vegas Sands Corp. $LVS

Groupama Asset Managment increased its position in Las Vegas Sands Corp. (NYSE:LVSFree Report) by 125.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,418 shares of the casino operator’s stock after purchasing an additional 11,369 shares during the quarter. Groupama Asset Managment’s holdings in Las Vegas Sands were worth $1,100,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of LVS. International Assets Investment Management LLC bought a new position in shares of Las Vegas Sands during the 4th quarter worth about $26,000. DV Equities LLC bought a new stake in Las Vegas Sands in the fourth quarter valued at about $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in Las Vegas Sands in the fourth quarter worth about $29,000. Wilmington Savings Fund Society FSB raised its position in Las Vegas Sands by 254.8% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator’s stock worth $36,000 after purchasing an additional 400 shares in the last quarter. Finally, IFP Advisors Inc lifted its stake in Las Vegas Sands by 182.4% during the third quarter. IFP Advisors Inc now owns 672 shares of the casino operator’s stock worth $36,000 after purchasing an additional 434 shares during the period. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Price Performance

Shares of Las Vegas Sands stock opened at $49.02 on Friday. The stock has a market capitalization of $31.75 billion, a price-to-earnings ratio of 19.07, a P/E/G ratio of 1.29 and a beta of 0.83. The firm’s 50-day moving average price is $48.13 and its two-hundred day moving average price is $52.75. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 15.27. Las Vegas Sands Corp. has a 1-year low of $44.21 and a 1-year high of $70.45.

Las Vegas Sands (NYSE:LVSGet Free Report) last posted its earnings results on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.31 billion. Las Vegas Sands had a net margin of 12.59% and a return on equity of 133.90%. The business’s revenue was down .7% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 EPS. On average, equities analysts predict that Las Vegas Sands Corp. will post 3.12 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 12th. Investors of record on Tuesday, August 4th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, August 4th. Las Vegas Sands’s dividend payout ratio (DPR) is currently 46.69%.

Analyst Upgrades and Downgrades

LVS has been the topic of several analyst reports. Mizuho lowered their price objective on Las Vegas Sands from $67.00 to $61.00 and set an “outperform” rating on the stock in a research note on Thursday, July 23rd. JPMorgan Chase & Co. cut their target price on Las Vegas Sands from $64.00 to $60.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Jefferies Financial Group boosted their price target on Las Vegas Sands from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Thursday, April 23rd. Argus cut Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $62.00 price target (down from $73.00) on shares of Las Vegas Sands in a research report on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Las Vegas Sands currently has a consensus rating of “Hold” and an average target price of $61.88.

Read Our Latest Analysis on Las Vegas Sands

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

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

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