Bull Harbor Capital LLC Acquires Shares of 17,908 Las Vegas Sands Corp. $LVS

Bull Harbor Capital LLC purchased a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 17,908 shares of the casino operator’s stock, valued at approximately $965,000.

A number of other large investors have also modified their holdings of the company. AQR Capital Management LLC lifted its position in shares of Las Vegas Sands by 222.7% during the 4th quarter. AQR Capital Management LLC now owns 9,098,518 shares of the casino operator’s stock valued at $592,223,000 after buying an additional 6,279,390 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Las Vegas Sands by 4.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 8,582,962 shares of the casino operator’s stock worth $462,450,000 after acquiring an additional 396,705 shares in the last quarter. Bank of New York Mellon Corp raised its position in Las Vegas Sands by 18.7% during the fourth quarter. Bank of New York Mellon Corp now owns 7,893,031 shares of the casino operator’s stock worth $513,757,000 after acquiring an additional 1,246,206 shares during the period. Norges Bank acquired a new position in Las Vegas Sands during the fourth quarter worth $364,892,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Las Vegas Sands by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 3,780,266 shares of the casino operator’s stock valued at $203,616,000 after purchasing an additional 90,690 shares in the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Trading Up 2.7%

Shares of Las Vegas Sands stock opened at $49.86 on Friday. The firm has a market capitalization of $32.29 billion, a price-to-earnings ratio of 19.40, a PEG ratio of 1.27 and a beta of 0.83. Las Vegas Sands Corp. has a fifty-two week low of $44.21 and a fifty-two week high of $70.45. The company has a debt-to-equity ratio of 15.27, a quick ratio of 0.91 and a current ratio of 1.00. The stock has a 50 day moving average of $48.14 and a 200 day moving average of $52.78.

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 the consensus estimate of $0.76 by ($0.17). The business had revenue of $3.15 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the company earned $0.66 EPS. As a group, research analysts predict that Las Vegas Sands Corp. will post 3.13 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 12th. Stockholders of record on Tuesday, August 4th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, August 4th. Las Vegas Sands’s payout ratio is 46.69%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. UBS Group set a $52.00 price objective on Las Vegas Sands in a report on Thursday, July 2nd. Seaport Research Partners decreased their target price on Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Barclays lowered their price target on Las Vegas Sands from $63.00 to $59.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. The Goldman Sachs Group reduced their price objective on Las Vegas Sands from $63.00 to $55.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Finally, Bank of America decreased their price objective on Las Vegas Sands from $70.00 to $60.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. Ten equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $61.88.

About Las Vegas Sands

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.