Las Vegas Sands Corp. $LVS Shares Purchased by Entropy Technologies LP

Entropy Technologies LP raised its stake in Las Vegas Sands Corp. (NYSE:LVS) by 38.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 180,700 shares of the casino operator’s stock after acquiring an additional 50,437 shares during the period. Entropy Technologies LP’s holdings in Las Vegas Sands were worth $9,736,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC purchased a new stake in shares of Las Vegas Sands during the 4th quarter worth approximately $26,000. DV Equities LLC purchased a new position in shares of Las Vegas Sands in the 4th quarter valued at $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in Las Vegas Sands during the 4th quarter worth $29,000. Wilmington Savings Fund Society FSB raised its stake in Las Vegas Sands by 254.8% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator’s stock worth $36,000 after acquiring an additional 400 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in Las Vegas Sands by 182.4% during the 3rd quarter. IFP Advisors Inc now owns 672 shares of the casino operator’s stock worth $36,000 after acquiring an additional 434 shares in the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Analysts Set New Price Targets

LVS has been the subject of several research analyst reports. Seaport Research Partners decreased their price objective on shares of Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. Bank of America cut their target price on Las Vegas Sands from $70.00 to $60.00 and set a “neutral” rating on the stock in a research report on Monday, July 20th. Citigroup reduced their target price on Las Vegas Sands from $78.50 to $73.00 and set a “buy” rating for the company in a report on Friday, July 10th. Susquehanna decreased their target price on Las Vegas Sands from $64.00 to $63.00 and set a “positive” rating for the company in a research report on Wednesday. Finally, Wall Street Zen downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $62.31.

Las Vegas Sands Stock Performance

Shares of LVS stock opened at $46.12 on Friday. The stock’s 50-day moving average price is $48.24 and its 200 day moving average price is $53.22. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 8.64. The stock has a market capitalization of $30.56 billion, a PE ratio of 17.95, a price-to-earnings-growth ratio of 1.15 and a beta of 0.83. Las Vegas Sands Corp. has a 52-week low of $44.21 and a 52-week high of $70.45.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.17). The company had revenue of $3.15 billion during 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 117.08%. The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 earnings per share. As a group, equities research analysts forecast that Las Vegas Sands Corp. will post 3.31 EPS 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. Investors of record on Tuesday, August 4th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, August 4th. This represents a $1.20 annualized dividend and a dividend yield of 2.6%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 46.69%.

More Las Vegas Sands News

Here are the key news stories impacting Las Vegas Sands this week:

• Positive Sentiment: Investors are still looking beyond near-term weakness because Las Vegas Sands is investing heavily in premium travel demand, including Macau property upgrades and an $8 billion Singapore expansion that could support future growth. Article Title
• Positive Sentiment: Despite the selloff after earnings, some market coverage says LVS is gaining as investors focus on the company’s long-term assets and ignore temporary headwinds. Article Title

Las Vegas Sands 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.