Fort Washington Investment Advisors Inc. OH Acquires 628,511 Shares of Las Vegas Sands Corp. $LVS

Key Points

• Fort Washington Investment Advisors Inc. OH increased its stake in Las Vegas Sands Corp. by 72.3%, acquiring an additional 628,511 shares, bringing its total holdings to approximately $65.18 million.
• A number of institutional investors, including CX Institutional and Public Employees Retirement System of Ohio, have also increased their stakes in the company during the second quarter.
• Las Vegas Sands reported a quarterly EPS of $0.79, exceeding estimates, with revenue up 15% year-over-year, and announced a $0.25 quarterly dividend yielding around 1.9%.

Fort Washington Investment Advisors Inc. OH grew its holdings in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 72.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,498,091 shares of the casino operator's stock after purchasing an additional 628,511 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 0.21% of Las Vegas Sands worth $65,182,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Patton Fund Management Inc. bought a new stake in Las Vegas Sands during the 2nd quarter worth $267,000. CX Institutional lifted its stake in shares of Las Vegas Sands by 13.0% in the 2nd quarter. CX Institutional now owns 7,432 shares of the casino operator's stock valued at $323,000 after purchasing an additional 856 shares during the period. Maridea Wealth Management LLC acquired a new position in shares of Las Vegas Sands in the 2nd quarter valued at about $1,025,000. Public Employees Retirement System of Ohio lifted its stake in shares of Las Vegas Sands by 28.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 438,028 shares of the casino operator's stock valued at $19,059,000 after purchasing an additional 97,048 shares during the period. Finally, Ballentine Partners LLC acquired a new position in Las Vegas Sands during the 2nd quarter worth approximately $215,000. Institutional investors own 39.16% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Susquehanna dropped their price target on Las Vegas Sands from $59.00 to $58.00 and set a "positive" rating on the stock in a research note on Monday, July 21st. Argus boosted their price objective on Las Vegas Sands from $60.00 to $65.00 in a report on Tuesday, September 23rd. JPMorgan Chase & Co. boosted their price objective on Las Vegas Sands from $47.00 to $56.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Citigroup reissued a "buy" rating on shares of Las Vegas Sands in a report on Wednesday, July 9th. Finally, Bank of America boosted their price objective on Las Vegas Sands from $52.50 to $58.00 and gave the stock a "neutral" rating in a report 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 MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $59.80.

Las Vegas Sands Stock Performance

LVS stock opened at $53.98 on Friday. The firm has a market cap of $37.05 billion, a PE ratio of 27.26, a P/E/G ratio of 1.97 and a beta of 1.04. The company has a quick ratio of 1.21, a current ratio of 1.22 and a debt-to-equity ratio of 6.53. The business has a 50 day moving average of $53.52 and a 200-day moving average of $45.08. Las Vegas Sands Corp. has a 12-month low of $30.18 and a 12-month high of $58.05.

Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The casino operator reported $0.79 EPS for the quarter, beating the consensus estimate of $0.53 by $0.26. The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $2.83 billion. Las Vegas Sands had a return on equity of 55.37% and a net margin of 12.16%.Las Vegas Sands's revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.55 earnings per share. As a group, sell-side analysts expect that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 13th. Investors of record on Tuesday, August 5th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Tuesday, August 5th. Las Vegas Sands's dividend payout ratio (DPR) is 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.

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