Guggenheim Capital LLC Decreases Stock Position in Las Vegas Sands Corp. $LVS

Key Points

• Guggenheim Capital LLC reduced its stake in Las Vegas Sands Corp. by 1.9%, holding approximately $11.93 million in shares after selling 5,995 during the first quarter.
• Analysts remain positive, with an average rating of "Moderate Buy" and a price target of $58.33, alongside several upgrades from major institutions.
• Las Vegas Sands recently reported earnings of $0.79 per share, exceeding estimates, and declared a quarterly dividend of $0.25 per share, reflecting a yield of 1.8%.

Guggenheim Capital LLC cut its holdings in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 1.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 308,747 shares of the casino operator's stock after selling 5,995 shares during the quarter. Guggenheim Capital LLC's holdings in Las Vegas Sands were worth $11,927,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of LVS. Janus Henderson Group PLC grew its stake in shares of Las Vegas Sands by 55.7% in the fourth quarter. Janus Henderson Group PLC now owns 14,218,581 shares of the casino operator's stock worth $730,295,000 after purchasing an additional 5,088,095 shares during the last quarter. Nuveen LLC bought a new stake in shares of Las Vegas Sands in the first quarter worth about $183,836,000. Vanguard Group Inc. grew its stake in shares of Las Vegas Sands by 5.8% in the first quarter. Vanguard Group Inc. now owns 41,249,208 shares of the casino operator's stock worth $1,593,457,000 after purchasing an additional 2,267,307 shares during the last quarter. ARGA Investment Management LP grew its stake in shares of Las Vegas Sands by 12.9% in the first quarter. ARGA Investment Management LP now owns 7,342,577 shares of the casino operator's stock worth $283,644,000 after purchasing an additional 841,195 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Las Vegas Sands by 9.1% during the 1st quarter. Invesco Ltd. now owns 9,442,798 shares of the casino operator's stock valued at $364,775,000 after acquiring an additional 790,952 shares in the last quarter. 39.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

LVS has been the topic of several research reports. Macquarie lifted their price objective on Las Vegas Sands from $52.00 to $58.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. UBS Group lifted their price objective on Las Vegas Sands from $55.00 to $65.00 and gave the company a "neutral" rating in a research report on Thursday. Bank of America lifted their price objective on Las Vegas Sands from $52.50 to $58.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. lifted their price objective on Las Vegas Sands from $47.00 to $56.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Finally, Susquehanna cut their price objective 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. One equities research 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, the stock presently has an average rating of "Moderate Buy" and an average price target of $59.00.

Las Vegas Sands Stock Down 0.1%

Shares of LVS traded down $0.07 during mid-day trading on Monday, reaching $57.65. The company had a trading volume of 3,245,367 shares, compared to its average volume of 3,777,249. The company has a debt-to-equity ratio of 6.53, a quick ratio of 1.21 and a current ratio of 1.22. The firm has a 50-day moving average price of $50.80 and a 200 day moving average price of $43.76. Las Vegas Sands Corp. has a 52 week low of $30.18 and a 52 week high of $58.05. The company has a market capitalization of $39.57 billion, a price-to-earnings ratio of 29.11, a price-to-earnings-growth ratio of 2.18 and a beta of 1.04.

Las Vegas Sands (NYSE:LVS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The casino operator reported $0.79 EPS 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 firm had revenue of $3.18 billion for the quarter, compared to analysts' expectations of $2.83 billion. During the same period in the previous year, the firm posted $0.55 EPS. The business's revenue for the quarter was up 15.0% compared to the same quarter last year. On average, sell-side analysts forecast that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands Announces Dividend

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

Las Vegas Sands 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.