Assenagon Asset Management S.A. Acquires 255,623 Shares of Las Vegas Sands Corp. $LVS

Key Points

• Assenagon Asset Management increased its Las Vegas Sands stake by 45.1% in the second quarter, purchasing 255,623 additional shares and bringing its holdings to 822,268 shares valued at approximately $38.0 million.
• Las Vegas Sands reported quarterly EPS of $0.59, missing analysts’ $0.76 estimate, while revenue of $3.15 billion also fell short of expectations and declined slightly year over year.
• The company declared a quarterly dividend of $0.30 per share, representing a $1.20 annualized payout and a 2.6% yield; analysts maintain a consensus “Hold” rating with a $61.88 price target.

Assenagon Asset Management S.A. lifted its stake in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 45.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 822,268 shares of the casino operator's stock after buying an additional 255,623 shares during the quarter. Assenagon Asset Management S.A. owned about 0.12% of Las Vegas Sands worth $37,981,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. International Assets Investment Management LLC bought a new position in Las Vegas Sands during the fourth quarter worth $26,000. DV Equities LLC bought a new stake in Las Vegas Sands in the fourth quarter valued at $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in Las Vegas Sands in the fourth quarter valued at $29,000. Wilmington Savings Fund Society FSB raised its holdings in shares of Las Vegas Sands by 254.8% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator's stock valued at $36,000 after purchasing an additional 400 shares during the period. Finally, IFP Advisors Inc raised its holdings in shares of Las Vegas Sands by 182.4% during the third quarter. IFP Advisors Inc now owns 672 shares of the casino operator's stock valued at $36,000 after purchasing an additional 434 shares during the period. Institutional investors own 39.16% of the company's stock.

Las Vegas Sands Price Performance

LVS stock opened at $45.79 on Friday. The company has a market capitalization of $29.66 billion, a P/E ratio of 17.82, a price-to-earnings-growth ratio of 1.13 and a beta of 0.85. The company has a debt-to-equity ratio of 15.27, a quick ratio of 0.99 and a current ratio of 1.00. Las Vegas Sands Corp. has a 52-week low of $44.21 and a 52-week high of $70.45. The business has a 50-day simple moving average of $47.72 and a two-hundred day simple moving average of $52.28.

Las Vegas Sands (NYSE:LVS - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $3.15 billion during the quarter, compared to analysts' expectations of $3.31 billion. Las Vegas Sands had a return on equity of 133.90% and a net margin of 12.59%.The business's revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the company earned $0.66 earnings per share. Research analysts expect that Las Vegas Sands Corp. will post 3.09 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 12th. Shareholders of record on Tuesday, August 4th will be paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, August 4th. This represents a $1.20 annualized dividend and a yield of 2.6%. Las Vegas Sands's dividend payout ratio (DPR) is 46.69%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Bank of America reduced their target price on Las Vegas Sands from $70.00 to $60.00 and set a "neutral" rating for the company in a research note on Monday, July 20th. Weiss Ratings downgraded Las Vegas Sands from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, May 26th. The Goldman Sachs Group cut their price target on Las Vegas Sands from $63.00 to $55.00 and set a "buy" rating on the stock in a report on Thursday, July 23rd. Wall Street Zen downgraded Las Vegas Sands from a "buy" rating to a "hold" rating in a report on Sunday, July 12th. Finally, Mizuho lowered their target price on Las Vegas Sands from $67.00 to $61.00 and set an "outperform" rating on the stock in a research report on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $61.88.

Key Headlines Impacting Las Vegas Sands

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

• Positive Sentiment: Zacks modestly raised its Q1 2027 EPS estimate to $0.92 from $0.89 and its Q1 2028 estimate to $1.04 from $1.03, suggesting some potential for earnings improvement in those periods. Las Vegas Sands analyst estimates
• Neutral Sentiment: A comparative survey examining Vail Resorts NYSE: MTN and Las Vegas Sands provides broader industry and company-specific context, but the report does not appear to represent a new operational development or direct catalyst for LVS. Critical Survey: Vail Resorts versus Las Vegas Sands
• Negative Sentiment: Zacks reduced its FY2026 EPS forecast to $3.09 from $3.34, lowered FY2027 to $3.49 from $3.63, and cut FY2028 to $3.73 from $3.91. It also lowered estimates for Q3 2026, Q4 2026, Q2 2027, Q3 2027, Q4 2027, and Q2 2028. The broad-based reductions indicate weaker anticipated earnings momentum and are likely the primary reason for the stock’s downward pressure. Zacks Research earnings estimate revisions for Las Vegas Sands

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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