Man Group plc Acquires New Shares in Las Vegas Sands Corp. $LVS

Man Group plc bought a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 325,735 shares of the casino operator’s stock, valued at approximately $15,046,000.

Several other institutional investors have also recently made changes to their positions in LVS. Mackenzie Financial Corp grew its position in shares of Las Vegas Sands by 0.3% in the third quarter. Mackenzie Financial Corp now owns 53,945 shares of the casino operator’s stock valued at $2,902,000 after purchasing an additional 156 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Las Vegas Sands by 7.8% during the 3rd quarter. Parallel Advisors LLC now owns 2,449 shares of the casino operator’s stock worth $132,000 after purchasing an additional 177 shares in the last quarter. &PARTNERS boosted its stake in Las Vegas Sands by 3.2% in the 4th quarter. &PARTNERS now owns 6,930 shares of the casino operator’s stock worth $453,000 after purchasing an additional 214 shares during the period. Pension & Wealth Management Advisors Inc. grew its holdings in Las Vegas Sands by 13.9% during the 2nd quarter. Pension & Wealth Management Advisors Inc. now owns 2,012 shares of the casino operator’s stock valued at $93,000 after buying an additional 245 shares in the last quarter. Finally, United Capital Financial Advisors LLC increased its position in shares of Las Vegas Sands by 5.5% during the third quarter. United Capital Financial Advisors LLC now owns 4,945 shares of the casino operator’s stock valued at $266,000 after buying an additional 258 shares during the period. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Wall Street Analyst Weigh In

LVS has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Las Vegas Sands in a report on Friday, August 21st. Mizuho lowered their target price on shares of 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. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $62.00 price target (down from $73.00) on shares of Las Vegas Sands in a report on Thursday, July 23rd. Finally, Barclays decreased their price target on shares of Las Vegas Sands from $63.00 to $59.00 and set an “overweight” rating on the stock in a 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $61.88.

Las Vegas Sands Stock Down 4.6%

LVS opened at $44.12 on Friday. The stock has a market cap of $28.57 billion, a PE ratio of 17.17, a P/E/G ratio of 1.14 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 Corp. has a 52 week low of $43.92 and a 52 week high of $70.45. The business’s fifty day simple moving average is $46.48 and its 200 day simple moving average is $51.06.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data 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 firm had revenue of $3.15 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was down .7% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 earnings per share. As a group, research analysts expect that Las Vegas Sands Corp. will post 3.09 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Tuesday, August 4th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $1.20 annualized dividend and a dividend yield of 2.7%. Las Vegas Sands’s dividend payout ratio (DPR) is 46.69%.

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.