Campbell & CO Investment Adviser LLC Invests $1.89 Million in Las Vegas Sands Corp. $LVS

Key Points

• Campbell & CO Investment Adviser LLC acquired a new stake in Las Vegas Sands Corp., investing approximately $1.89 million during the first quarter by purchasing 48,848 shares.
• Analysts have raised target prices for Las Vegas Sands, with Barclays increasing their target from $57.00 to $58.00 and JPMorgan from $47.00 to $56.00, reflecting growing confidence in the stock.
• Las Vegas Sands has announced a quarterly dividend of $0.25 per share, representing an annualized yield of 1.8% and a payout ratio of 50.51%.

Campbell & CO Investment Adviser LLC bought a new position in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 48,848 shares of the casino operator's stock, valued at approximately $1,887,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its stake in shares of Las Vegas Sands by 430.7% during the 4th quarter. NewEdge Advisors LLC now owns 4,596 shares of the casino operator's stock worth $236,000 after acquiring an additional 3,730 shares in the last quarter. MGO One Seven LLC boosted its stake in shares of Las Vegas Sands by 5.3% during the 4th quarter. MGO One Seven LLC now owns 7,773 shares of the casino operator's stock worth $399,000 after acquiring an additional 388 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Las Vegas Sands during the 4th quarter worth approximately $600,000. Aquatic Capital Management LLC purchased a new stake in shares of Las Vegas Sands during the 4th quarter worth approximately $3,723,000. Finally, Beacon Pointe Advisors LLC boosted its stake in shares of Las Vegas Sands by 5.6% during the 4th quarter. Beacon Pointe Advisors LLC now owns 20,710 shares of the casino operator's stock worth $1,064,000 after acquiring an additional 1,105 shares in the last quarter. Institutional investors and hedge funds own 39.16% of the company's stock.

Wall Street Analysts Forecast Growth

LVS has been the topic of several research analyst reports. Bank of America boosted their price target on Las Vegas Sands from $52.50 to $58.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Morgan Stanley boosted their price target on Las Vegas Sands from $47.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. The Goldman Sachs Group initiated coverage on Las Vegas Sands in a research note on Monday, July 7th. They set a "neutral" rating and a $52.00 price target on the stock. UBS Group boosted their price target on Las Vegas Sands from $55.00 to $65.00 and gave the stock a "neutral" rating in a research note on Thursday. Finally, Argus raised Las Vegas Sands from a "hold" rating to a "buy" rating and set a $60.00 target price on the stock in a research note on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, Las Vegas Sands has a consensus rating of "Moderate Buy" and an average target price of $59.00.

Las Vegas Sands Trading Up 1.8%

Shares of Las Vegas Sands stock traded up $1.00 during trading hours on Thursday, reaching $57.70. 3,126,381 shares of the company's stock were exchanged, compared to its average volume of 3,938,343. Las Vegas Sands Corp. has a 52-week low of $30.18 and a 52-week high of $57.74. The firm has a market capitalization of $39.61 billion, a price-to-earnings ratio of 29.14, a price-to-earnings-growth ratio of 2.15 and a beta of 1.08. The company has a fifty day moving average of $50.49 and a 200-day moving average of $43.62. The company has a current ratio of 1.22, a quick ratio of 1.21 and a debt-to-equity ratio of 6.53.

Las Vegas Sands (NYSE:LVS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The casino operator reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $2.83 billion. During the same quarter in the prior year, the company posted $0.55 EPS. The business's revenue for the quarter was up 15.0% compared to the same quarter last year. Sell-side analysts forecast that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 13th. Stockholders of record on Tuesday, August 5th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Tuesday, August 5th. Las Vegas Sands's dividend payout ratio is presently 50.51%.

Las Vegas Sands Company Profile

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.