Las Vegas Sands (NYSE:LVS) Sets New 1-Year Low – Should You Sell?

Las Vegas Sands Corp. (NYSE:LVS)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $39.73 and last traded at $39.9490, with a volume of 18101932 shares traded. The stock had previously closed at $39.98.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LVS. Weiss Ratings reissued a “hold (c)” rating on shares of Las Vegas Sands in a research note on Friday, August 21st. Morgan Stanley decreased 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. Seaport Research Partners cut their price objective on shares of Las Vegas Sands from $69.00 to $59.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Wells Fargo & Company decreased their target price on Las Vegas Sands from $53.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Monday, July 27th. Finally, HC Wainwright lowered Las Vegas Sands to a “neutral” rating in a report on Thursday, July 30th. Ten equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $59.84.

Las Vegas Sands Stock Performance

The firm has a market capitalization of $25.86 billion, a price-to-earnings ratio of 15.55, a price-to-earnings-growth ratio of 0.99 and a beta of 0.83. The firm’s 50-day moving average price is $45.26 and its two-hundred day moving average price is $49.50. The company has a debt-to-equity ratio of 15.27, a quick ratio of 0.99 and a current ratio of 1.00.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, July 22nd. The casino operator reported $0.59 EPS 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 for the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter in the prior year, the business earned $0.66 EPS. The firm’s revenue for the quarter was down .7% on a year-over-year basis. Sell-side analysts predict that Las Vegas Sands Corp. will post 3.09 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Tuesday, August 4th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Tuesday, August 4th. Las Vegas Sands’s dividend payout ratio is 46.69%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company bought a new stake in Las Vegas Sands during the second quarter worth about $107,407,000. SG Americas Securities LLC boosted its holdings in shares of Las Vegas Sands by 74.2% in the 1st quarter. SG Americas Securities LLC now owns 1,529,236 shares of the casino operator’s stock worth $82,395,000 after acquiring an additional 651,214 shares in the last quarter. Fieldview Capital Management LLC bought a new stake in Las Vegas Sands during the 4th quarter worth approximately $4,561,000. CenterBook Partners LP acquired a new stake in Las Vegas Sands during the 4th quarter valued at $4,588,000. Finally, Westpac Banking Corp raised its position in Las Vegas Sands by 6,889.2% in the 4th quarter. Westpac Banking Corp now owns 51,021 shares of the casino operator’s stock valued at $3,321,000 after purchasing an additional 50,291 shares during the last quarter. 39.16% of the stock is owned by institutional investors.

About Las Vegas Sands

Las Vegas Sands Corp. (NYSE: LVS) develops and operates integrated resorts that combine casino gaming with hotels, convention and meeting facilities, dining, retail, entertainment and other leisure offerings. The company primarily serves international tourism, business travel and premium gaming markets.

Las Vegas Sands’ principal properties are Marina Bay Sands in Singapore and a portfolio of integrated resorts in Macao, including The Venetian Macao, The Londoner Macao, The Parisian Macao and Four Seasons Hotel Macao.