Dynamic Technology Lab Private Ltd Makes New $4.40 Million Investment in Las Vegas Sands Corp. $LVS

Key Points

• Dynamic Technology Lab Private Ltd purchased 113,921 shares of Las Vegas Sands Corp. for approximately $4.4 million, making it the fund's second largest holding.
• Las Vegas Sands reported $0.79 earnings per share for the latest quarter, surpassing analysts' expectations of $0.53, with a revenue of $3.18 billion—above the forecast of $2.83 billion.
• The company declared a quarterly dividend of $0.25 per share, resulting in a 1.9% dividend yield for shareholders.

Dynamic Technology Lab Private Ltd bought a new position in Las Vegas Sands Corp. (NYSE:LVS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 113,921 shares of the casino operator's stock, valued at approximately $4,401,000. Las Vegas Sands comprises 0.6% of Dynamic Technology Lab Private Ltd's holdings, making the stock its 2nd biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LVS. Achmea Investment Management B.V. boosted its position in Las Vegas Sands by 55.4% in the 1st 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 stake in shares of Las Vegas Sands by 18.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,005 shares of the casino operator's stock valued at $1,489,000 after purchasing an additional 6,057 shares during the period. American Century Companies Inc. boosted its holdings in Las Vegas Sands by 69.3% during the first quarter. American Century Companies Inc. now owns 567,101 shares of the casino operator's stock worth $21,907,000 after buying an additional 232,091 shares in the last quarter. Northern Trust Corp grew its position in Las Vegas Sands by 0.4% during the first quarter. Northern Trust Corp now owns 3,101,190 shares of the casino operator's stock valued at $119,799,000 after buying an additional 12,593 shares during the period. Finally, Everett Harris & Co. CA acquired a new stake in Las Vegas Sands during the first quarter valued at $657,000. 39.16% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands Price Performance

LVS traded up $0.20 on Thursday, hitting $54.70. 5,793,791 shares of the company's stock were exchanged, compared to its average volume of 5,572,274. Las Vegas Sands Corp. has a fifty-two week low of $30.18 and a fifty-two week high of $58.05. The stock has a market cap of $37.55 billion, a price-to-earnings ratio of 27.63, a P/E/G ratio of 1.97 and a beta of 1.04. The firm has a 50-day moving average price of $52.55 and a 200-day moving average price of $44.38. 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 released its quarterly earnings data on Wednesday, July 23rd. The casino operator reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.26. The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $2.83 billion. Las Vegas Sands had a net margin of 12.16% and a return on equity of 55.37%. Las Vegas Sands's quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 EPS. As a group, equities analysts anticipate that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 13th. Shareholders of record on Tuesday, August 5th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.8%. The ex-dividend date was Tuesday, August 5th. Las Vegas Sands's dividend payout ratio is presently 50.51%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on LVS shares. Barclays upped their price objective on shares of Las Vegas Sands from $57.00 to $58.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Susquehanna lowered their price target on Las Vegas Sands from $59.00 to $58.00 and set a "positive" rating on the stock in a research report on Monday, July 21st. Wall Street Zen upgraded Las Vegas Sands from a "hold" rating to a "buy" rating in a research report on Sunday. Argus upgraded Las Vegas Sands from a "hold" rating to a "buy" rating and set a $60.00 target price on the stock in a research report on Monday, July 28th. Finally, Mizuho lifted their price target on shares of Las Vegas Sands from $47.00 to $56.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Las Vegas Sands has an average rating of "Moderate Buy" and a consensus price target of $59.47.

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.