PM CAPITAL Ltd maintained its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) during the second quarter, Holdings Channel reports. The fund owned 98,910 shares of the casino operator’s stock at the end of the second quarter. Las Vegas Sands Corp. comprises approximately 0.7% of PM CAPITAL Ltd’s portfolio, making the stock its 21st largest position. PM CAPITAL Ltd’s holdings in Las Vegas Sands Corp. were worth $4,302,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. Pioneer Investment Management Inc. increased its stake in Las Vegas Sands Corp. by 30.8% in the fourth quarter. Pioneer Investment Management Inc. now owns 131,163 shares of the casino operator’s stock valued at $5,750,000 after buying an additional 30,872 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Las Vegas Sands Corp. by 0.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 47,593 shares of the casino operator’s stock valued at $2,086,000 after buying an additional 400 shares during the last quarter. DnB Asset Management AS increased its stake in Las Vegas Sands Corp. by 30.0% in the first quarter. DnB Asset Management AS now owns 31,597 shares of the casino operator’s stock valued at $1,633,000 after buying an additional 7,300 shares during the last quarter. Acadian Asset Management LLC increased its stake in Las Vegas Sands Corp. by 63.2% in the first quarter. Acadian Asset Management LLC now owns 28,346 shares of the casino operator’s stock valued at $1,465,000 after buying an additional 10,975 shares during the last quarter. Finally, PGGM Investments increased its stake in Las Vegas Sands Corp. by 2.5% in the first quarter. PGGM Investments now owns 265,233 shares of the casino operator’s stock valued at $13,707,000 after buying an additional 6,442 shares during the last quarter. Hedge funds and other institutional investors own 37.88% of the company’s stock.

Shares of Las Vegas Sands Corp. (NYSE:LVS) traded up 0.85% on Wednesday, hitting $56.76. The company had a trading volume of 3,707,421 shares. The company has a market capitalization of $45.10 billion, a P/E ratio of 27.63 and a beta of 2.09. Las Vegas Sands Corp. has a 12-month low of $34.88 and a 12-month high of $58.65. The firm has a 50-day moving average price of $53.12 and a 200 day moving average price of $49.05.

Las Vegas Sands Corp. (NYSE:LVS) last posted its quarterly earnings results on Monday, July 25th. The casino operator reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.04. The company earned $2.65 billion during the quarter, compared to the consensus estimate of $2.76 billion. Las Vegas Sands Corp. had a net margin of 14.69% and a return on equity of 22.12%. The firm’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.60 earnings per share. Equities analysts expect that Las Vegas Sands Corp. will post $2.20 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 22nd will be paid a $0.72 dividend. The ex-dividend date is Tuesday, September 20th. This represents a $2.88 dividend on an annualized basis and a yield of 5.07%. Las Vegas Sands Corp.’s dividend payout ratio is 140.49%.

Several analysts have issued reports on the company. JPMorgan Chase & Co. restated a “hold” rating on shares of Las Vegas Sands Corp. in a report on Sunday, July 17th. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Las Vegas Sands Corp. in a research note on Saturday, June 4th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Las Vegas Sands Corp. in a research note on Sunday, June 26th. TheStreet cut Las Vegas Sands Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, May 26th. Finally, Zacks Investment Research cut Las Vegas Sands Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, June 21st. Eleven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $54.29.

About Las Vegas Sands Corp.

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that offers accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.

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