Las Vegas Sands (NYSE:LVS) Hits New 1-Year Low – Time to Sell?

Shares of Las Vegas Sands Corp. (NYSE:LVS – Get Free Report) hit a new 52-week low during trading on Tuesday. The company traded as low as $36.08 and last traded at $36.5940, with a volume of 5863184 shares. The stock had previously closed at $36.23.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. HSBC reduced their price objective on shares of Las Vegas Sands from $78.00 to $68.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. HC Wainwright cut shares of Las Vegas Sands to a “neutral” rating in a research report on Thursday, July 30th. Stifel Nicolaus cut their target price on shares of Las Vegas Sands from $74.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. Morgan Stanley reduced their price target on shares of Las Vegas Sands from $68.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Monday, July 27th. Finally, Barclays decreased their price target on shares of Las Vegas Sands from $63.00 to $59.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $59.84.

Check Out Our Latest Report on Las Vegas Sands

Las Vegas Sands Price Performance

The firm has a market cap of $23.20 billion, a PE ratio of 13.94, a price-to-earnings-growth ratio of 0.89 and a beta of 0.78. The company has a debt-to-equity ratio of 15.27, a current ratio of 1.00 and a quick ratio of 0.99. The firm has a 50-day simple moving average of $43.13 and a 200 day simple moving average of $48.00.

Las Vegas Sands (NYSE:LVS – Get Free Report) last released its 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). Las Vegas Sands had a return on equity of 133.90% and a net margin of 12.59%.The business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.31 billion. During the same period in the prior year, the company earned $0.66 earnings per share. The firm’s quarterly revenue was down .7% compared to the same quarter last year. As a group, equities analysts expect that Las Vegas Sands Corp. will post 3.09 EPS for the current year.

Las Vegas Sands Announces Dividend

The firm also recently disclosed 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 yield of 3.4%. The ex-dividend date was Tuesday, August 4th. Las Vegas Sands’s dividend payout ratio is 46.69%.

Hedge Funds Weigh In On Las Vegas Sands

Large investors have recently made changes to their positions in the business. CX Institutional boosted its position in shares of Las Vegas Sands by 10.2% in the 3rd quarter. CX Institutional now owns 7,832 shares of the casino operator’s stock worth $296,000 after purchasing an additional 722 shares in the last quarter. QRG Capital Management Inc. bought a new position in Las Vegas Sands during the 2nd quarter valued at approximately $211,000. Envestnet Asset Management Inc. increased its position in Las Vegas Sands by 17.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 125,069 shares of the casino operator’s stock valued at $5,777,000 after buying an additional 18,893 shares in the last quarter. Andra AP fonden raised its stake in Las Vegas Sands by 8.2% during the second quarter. Andra AP fonden now owns 293,400 shares of the casino operator’s stock valued at $13,552,000 after buying an additional 22,200 shares during the last quarter. Finally, State Street Corp raised its stake in Las Vegas Sands by 6.5% during the second quarter. State Street Corp now owns 15,159,570 shares of the casino operator’s stock valued at $700,221,000 after buying an additional 919,452 shares during the last quarter. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

About Las Vegas Sands

(Get Free Report)

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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