Las Vegas Sands Corp. $LVS Holdings Raised by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH grew its position in Las Vegas Sands Corp. (NYSE:LVS) by 0.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,774,781 shares of the casino operator’s stock after buying an additional 13,580 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Las Vegas Sands were worth $67,104,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Geneos Wealth Management Inc. increased its stake in shares of Las Vegas Sands by 73.4% during the first quarter. Geneos Wealth Management Inc. now owns 886 shares of the casino operator’s stock valued at $48,000 after buying an additional 375 shares during the period. Covestor Ltd raised its holdings in shares of Las Vegas Sands by 174.6% in the second quarter. Covestor Ltd now owns 1,634 shares of the casino operator’s stock valued at $75,000 after acquiring an additional 1,039 shares in the last quarter. Root Financial Partners LLC raised its holdings in shares of Las Vegas Sands by 101.3% in the first quarter. Root Financial Partners LLC now owns 1,556 shares of the casino operator’s stock valued at $84,000 after acquiring an additional 783 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Las Vegas Sands in the second quarter valued at about $86,000. Finally, Pension & Wealth Management Advisors Inc. lifted its stake in Las Vegas Sands by 13.9% in the second quarter. Pension & Wealth Management Advisors Inc. now owns 2,012 shares of the casino operator’s stock worth $93,000 after acquiring an additional 245 shares during the period. Institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Stock Performance

Shares of LVS opened at $37.02 on Thursday. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 15.27. The firm has a market cap of $23.98 billion, a PE ratio of 11.83, a P/E/G ratio of 0.91 and a beta of 0.78. Las Vegas Sands Corp. has a 12 month low of $35.28 and a 12 month high of $70.45. The stock has a fifty day moving average price of $42.01 and a 200-day moving average price of $47.39.

Las Vegas Sands (NYSE:LVS) last issued its quarterly 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 for the quarter, compared to analysts’ expectations of $3.31 billion. During the same quarter in the previous year, the firm posted $0.66 EPS. Las Vegas Sands’s revenue was down .7% on a year-over-year basis. Equities research analysts predict that Las Vegas Sands Corp. will post 3.09 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Tuesday, August 4th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.2%. Las Vegas Sands’s payout ratio is 46.69%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LVS. Jefferies Financial Group dropped their target price on shares of Las Vegas Sands from $52.00 to $47.00 and set a “hold” rating on the stock in a report on Thursday, July 23rd. Zacks Research upgraded shares of Las Vegas Sands from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. UBS Group set a $52.00 price target on shares of Las Vegas Sands in a research report on Thursday, July 2nd. Wall Street Zen downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, HSBC decreased their price objective on Las Vegas Sands from $78.00 to $68.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Eleven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $59.69.

About Las Vegas Sands

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.