AlphaGrep UK Ltd Takes $1.43 Million Position in Las Vegas Sands Corp. $LVS

AlphaGrep UK Ltd acquired a new stake in Las Vegas Sands Corp. (NYSE:LVS - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 31,056 shares of the casino operator's stock, valued at approximately $1,434,000. Las Vegas Sands accounts for approximately 0.4% of AlphaGrep UK Ltd's portfolio, making the stock its 10th biggest holding.

Several other institutional investors have also added to or reduced their stakes in LVS. Mackenzie Financial Corp lifted its holdings in shares of Las Vegas Sands by 0.3% during the third quarter. Mackenzie Financial Corp now owns 53,945 shares of the casino operator's stock valued at $2,902,000 after purchasing an additional 156 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Las Vegas Sands by 7.8% during the third quarter. Parallel Advisors LLC now owns 2,449 shares of the casino operator's stock valued at $132,000 after buying an additional 177 shares during the last quarter. &PARTNERS lifted its position in shares of Las Vegas Sands by 3.2% in the fourth quarter. &PARTNERS now owns 6,930 shares of the casino operator's stock worth $453,000 after buying an additional 214 shares in the last quarter. Pension & Wealth Management Advisors Inc. boosted its position in shares of Las Vegas Sands by 13.9% during the 2nd quarter. Pension & Wealth Management Advisors Inc. now owns 2,012 shares of the casino operator's stock valued at $93,000 after acquiring an additional 245 shares during the last quarter. Finally, United Capital Financial Advisors LLC lifted its holdings in shares of Las Vegas Sands by 5.5% in the 3rd quarter. United Capital Financial Advisors LLC now owns 4,945 shares of the casino operator's stock valued at $266,000 after acquiring an additional 258 shares during the last quarter. 39.16% of the stock is currently owned by institutional investors.

Las Vegas Sands Price Performance

Shares of NYSE LVS opened at $44.42 on Friday. The firm has a 50-day simple moving average of $46.10 and a 200-day simple moving average of $50.56. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 15.27. The stock has a market capitalization of $28.77 billion, a price-to-earnings ratio of 17.28, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83. Las Vegas Sands Corp. has a 52 week low of $43.36 and a 52 week high of $70.45.

Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.17). The business had revenue of $3.15 billion for 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 133.90%. The firm's revenue was down .7% on a year-over-year basis. During the same period in the prior year, the company posted $0.66 EPS. On average, equities 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 company also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Tuesday, August 4th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $1.20 annualized dividend and a dividend yield of 2.7%. Las Vegas Sands's payout ratio is presently 46.69%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on LVS shares. Weiss Ratings restated a "hold (c)" rating on shares of Las Vegas Sands in a report on Friday, August 21st. Morgan Stanley reduced their price objective on shares of Las Vegas Sands from $68.00 to $61.00 and set an "equal weight" rating on the stock in a research report on Monday, July 27th. Wall Street Zen downgraded shares of Las Vegas Sands from a "buy" rating to a "hold" rating in a research note on Sunday, July 12th. HC Wainwright lowered Las Vegas Sands to a "neutral" rating in a research report on Thursday, July 30th. Finally, Wells Fargo & Company cut their target price on Las Vegas Sands from $65.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 14th. Ten equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Las Vegas Sands presently has a consensus rating of "Hold" and a consensus target price of $61.88.

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.

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