Quarry LP bought a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,746 shares of the casino operator's stock, valued at approximately $183,000.
Other hedge funds have also bought and sold shares of the company. Achmea Investment Management B.V. grew its stake in Las Vegas Sands by 55.4% in the first quarter. Achmea Investment Management B.V. now owns 31,411 shares of the casino operator's stock worth $1,213,000 after purchasing an additional 11,197 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Las Vegas Sands by 18.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,005 shares of the casino operator's stock worth $1,489,000 after acquiring an additional 6,057 shares during the last quarter. American Century Companies Inc. lifted its holdings in Las Vegas Sands by 69.3% in the first quarter. American Century Companies Inc. now owns 567,101 shares of the casino operator's stock worth $21,907,000 after acquiring an additional 232,091 shares during the last quarter. Northern Trust Corp lifted its holdings in Las Vegas Sands by 0.4% in the first quarter. Northern Trust Corp now owns 3,101,190 shares of the casino operator's stock worth $119,799,000 after acquiring an additional 12,593 shares during the last quarter. Finally, Everett Harris & Co. CA bought a new position in Las Vegas Sands in the first quarter worth about $657,000. 39.16% of the stock is currently owned by institutional investors and hedge funds.
Las Vegas Sands Price Performance
Shares of NYSE LVS traded down $1.40 during trading on Friday, hitting $53.71. The company had a trading volume of 5,133,708 shares, compared to its average volume of 3,936,431. The company has a market cap of $36.87 billion, a P/E ratio of 27.13, a PEG ratio of 2.01 and a beta of 1.04. Las Vegas Sands Corp. has a 52 week low of $30.18 and a 52 week high of $58.05. The business's 50-day moving average is $52.08 and its 200 day moving average is $44.18. The company has a debt-to-equity ratio of 6.53, a quick ratio of 1.21 and a current ratio of 1.22.
Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The casino operator reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.26. Las Vegas Sands had a return on equity of 55.37% and a net margin of 12.16%.The company had revenue of $3.18 billion for the quarter, compared to analysts' expectations of $2.83 billion. During the same quarter in the prior year, the company earned $0.55 earnings per share. The firm's revenue was up 15.0% on a year-over-year basis. Equities research analysts predict that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.
Las Vegas Sands Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 13th. Shareholders of record on Tuesday, August 5th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, August 5th. Las Vegas Sands's payout ratio is 50.51%.
Wall Street Analyst Weigh In
LVS has been the topic of a number of recent research reports. The Goldman Sachs Group initiated coverage on shares of Las Vegas Sands in a report on Monday, July 7th. They issued a "neutral" rating and a $52.00 target price on the stock. Barclays raised their target price on shares of Las Vegas Sands from $57.00 to $58.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Susquehanna reduced their target price on shares of Las Vegas Sands from $59.00 to $58.00 and set a "positive" rating for the company in a research note on Monday, July 21st. Argus upgraded Las Vegas Sands from a "hold" rating to a "buy" rating and set a $60.00 price objective for the company in a research report on Monday, July 28th. Finally, UBS Group boosted their target price on Las Vegas Sands from $55.00 to $65.00 and gave the stock a "neutral" rating in a report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $59.00.
Get Our Latest Stock Report on LVS
Las Vegas Sands Company Profile
(
Free Report)
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and Marina Bay Sands in Singapore.
Featured Stories
Before you consider Las Vegas Sands, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Las Vegas Sands wasn't on the list.
While Las Vegas Sands currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
