Sei Investments Co. Has $8.70 Million Stake in Las Vegas Sands Corp. (LVS)
Sei Investments Co. reduced its position in Las Vegas Sands Corp. (NYSE:LVS) by 29.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,132 shares of the casino operator’s stock after selling 57,649 shares during the period. Sei Investments Co.’s holdings in Las Vegas Sands Corp. were worth $8,697,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. TrimTabs Asset Management LLC boosted its stake in Las Vegas Sands Corp. by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 1,837 shares of the casino operator’s stock worth $105,000 after buying an additional 864 shares in the last quarter. Financial Architects Inc boosted its stake in Las Vegas Sands Corp. by 226.1% in the first quarter. Financial Architects Inc now owns 1,875 shares of the casino operator’s stock worth $107,000 after buying an additional 1,300 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in Las Vegas Sands Corp. during the first quarter worth approximately $119,000. Nikko Asset Management Americas Inc. bought a new stake in Las Vegas Sands Corp. during the first quarter worth approximately $154,000. Finally, Point72 Asia Hong Kong Ltd boosted its stake in Las Vegas Sands Corp. by 87.2% in the first quarter. Point72 Asia Hong Kong Ltd now owns 2,994 shares of the casino operator’s stock worth $171,000 after buying an additional 1,395 shares in the last quarter. Institutional investors and hedge funds own 38.27% of the company’s stock.
Las Vegas Sands Corp. (NYSE:LVS) opened at 59.66 on Friday. Las Vegas Sands Corp. has a 12-month low of $49.89 and a 12-month high of $66.22. The firm has a 50-day moving average of $62.08 and a 200 day moving average of $58.29. The firm has a market capitalization of $47.25 billion, a price-to-earnings ratio of 23.21 and a beta of 1.81.
Las Vegas Sands Corp. (NYSE:LVS) last issued its quarterly earnings results on Wednesday, July 26th. The casino operator reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.14. The business had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.01 billion. Las Vegas Sands Corp. had a net margin of 16.66% and a return on equity of 29.91%. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 earnings per share. On average, equities analysts predict that Las Vegas Sands Corp. will post $2.74 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 21st will be issued a dividend of $0.73 per share. The ex-dividend date is Wednesday, September 20th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.89%. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is presently 113.18%.
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LVS has been the subject of a number of research reports. Wells Fargo & Company reissued a “neutral” rating on shares of Las Vegas Sands Corp. in a research note on Wednesday, April 19th. Susquehanna Bancshares Inc reissued a “positive” rating and set a $63.00 target price on shares of Las Vegas Sands Corp. in a research note on Thursday, April 20th. Aegis reissued a “buy” rating and set a $60.00 target price (up previously from $59.00) on shares of Las Vegas Sands Corp. in a research note on Sunday, April 23rd. Vetr cut shares of Las Vegas Sands Corp. from a “buy” rating to a “hold” rating and set a $61.32 target price for the company. in a research note on Wednesday, April 26th. Finally, Telsey Advisory Group boosted their target price on shares of Las Vegas Sands Corp. from $58.00 to $62.00 and gave the stock a “market perform” rating in a research note on Thursday, April 27th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Las Vegas Sands Corp. presently has a consensus rating of “Buy” and a consensus price target of $63.10.
About Las Vegas Sands Corp.
Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.
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