Invst LLC Makes New Investment in Las Vegas Sands Corp. $LVS

Invst LLC bought a new position in Las Vegas Sands Corp. (NYSE:LVS) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,069 shares of the casino operator’s stock, valued at approximately $511,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Jupiter Topco LLC bought a new position in Las Vegas Sands in the 2nd quarter worth approximately $1,987,000. PDT Partners LLC bought a new stake in Las Vegas Sands during the 2nd quarter valued at $1,386,000. Canada Pension Plan Investment Board purchased a new stake in shares of Las Vegas Sands during the second quarter worth $67,068,000. Legal & General Group Plc purchased a new stake in shares of Las Vegas Sands during the second quarter worth $83,696,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Las Vegas Sands in the second quarter valued at $107,407,000. Institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Price Performance

Shares of NYSE LVS opened at $47.31 on Wednesday. The stock’s 50-day simple moving average is $46.61 and its two-hundred day simple moving average is $51.23. Las Vegas Sands Corp. has a twelve month low of $44.21 and a twelve month high of $70.45. The firm has a market capitalization of $30.65 billion, a P/E ratio of 18.41, a P/E/G ratio of 1.16 and a beta of 0.85. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 15.27.

Las Vegas Sands (NYSE:LVS) last issued its quarterly 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). Las Vegas Sands had a net margin of 12.59% and a return on equity of 133.90%. The business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter last year, the business posted $0.66 EPS. The business’s revenue was down .7% compared to the same quarter last year. As a group, equities analysts anticipate that Las Vegas Sands Corp. will post 3.09 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Tuesday, August 4th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, August 4th. This represents a $1.20 annualized dividend and a yield of 2.5%. Las Vegas Sands’s payout ratio is presently 46.69%.

Analyst Upgrades and Downgrades

LVS has been the topic of a number of analyst reports. The Goldman Sachs Group decreased their price objective on Las Vegas Sands from $63.00 to $55.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. Mizuho reduced their target price on Las Vegas Sands from $67.00 to $61.00 and set an “outperform” rating for the company in a report on Thursday, July 23rd. Argus cut Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, July 30th. UBS Group set a $52.00 price target on shares of Las Vegas Sands in a report on Thursday, July 2nd. Finally, JPMorgan Chase & Co. cut their price objective on shares of 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. Ten analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Las Vegas Sands currently has a consensus rating of “Hold” and a consensus target price of $61.88.

Las Vegas Sands Company Profile

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.