Las Vegas Sands Corp. $LVS is ARGA Investment Management LP's Largest Position

Key Points

• ARGA Investment Management LP has significantly increased its holdings in Las Vegas Sands Corp. by 36.8%, making it the largest position in their portfolio at around 12.0%.
• Las Vegas Sands reported a recent quarterly earnings of $0.78 EPS, surpassing analysts' expectations of $0.62, with revenue totaling $3.33 billion for the quarter.
• The company announced a quarterly dividend of $0.25, representing a 1.8% yield, with the dividend payout scheduled for November 12th.

ARGA Investment Management LP raised its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 36.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,040,975 shares of the casino operator's stock after purchasing an additional 2,698,398 shares during the quarter. Las Vegas Sands accounts for about 12.0% of ARGA Investment Management LP's portfolio, making the stock its largest position. ARGA Investment Management LP owned about 1.46% of Las Vegas Sands worth $436,883,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in LVS. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Las Vegas Sands during the first quarter worth approximately $391,000. Oppenheimer & Co. Inc. boosted its holdings in shares of Las Vegas Sands by 54.5% in the 1st quarter. Oppenheimer & Co. Inc. now owns 10,047 shares of the casino operator's stock worth $388,000 after purchasing an additional 3,542 shares during the period. Asset Management One Co. Ltd. increased its position in shares of Las Vegas Sands by 8.9% during the 1st quarter. Asset Management One Co. Ltd. now owns 150,120 shares of the casino operator's stock valued at $5,799,000 after purchasing an additional 12,251 shares during the last quarter. Lecap Asset Management Ltd. bought a new position in shares of Las Vegas Sands during the 1st quarter valued at approximately $759,000. Finally, Golden State Wealth Management LLC raised its holdings in Las Vegas Sands by 103.2% during the 1st quarter. Golden State Wealth Management LLC now owns 3,587 shares of the casino operator's stock valued at $139,000 after buying an additional 1,822 shares during the period. 39.16% of the stock is owned by hedge funds and other institutional investors.

Las Vegas Sands Trading Up 12.3%

LVS stock opened at $56.83 on Friday. Las Vegas Sands Corp. has a 12 month low of $30.18 and a 12 month high of $58.05. The firm's 50-day moving average is $53.28 and its 200 day moving average is $46.54. The company has a market capitalization of $39.01 billion, a PE ratio of 25.71, a P/E/G ratio of 1.82 and a beta of 1.01. The company has a debt-to-equity ratio of 6.53, a current ratio of 1.22 and a quick ratio of 1.21.

Las Vegas Sands (NYSE:LVS - Get Free Report) last issued its earnings results on Wednesday, October 22nd. The casino operator reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.16. The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.04 billion. Las Vegas Sands had a net margin of 12.69% and a return on equity of 66.94%. The company's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.44 EPS. On average, research analysts anticipate that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Tuesday, November 4th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, November 4th. This represents a $1.00 annualized dividend and a yield of 1.8%. Las Vegas Sands's dividend payout ratio is 50.51%.

Analyst Ratings Changes

LVS has been the subject of several recent analyst reports. Susquehanna lifted their price objective on shares of Las Vegas Sands from $62.00 to $63.00 and gave the stock a "positive" rating in a research note on Wednesday. Argus raised their target price on shares of Las Vegas Sands from $60.00 to $65.00 in a report on Tuesday, September 23rd. Macquarie upped their price target on shares of Las Vegas Sands from $62.00 to $64.00 and gave the company an "outperform" rating in a report on Thursday. Zacks Research raised shares of Las Vegas Sands from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 10th. Finally, UBS Group raised their price objective on shares of Las Vegas Sands from $55.00 to $65.00 and gave the stock a "neutral" rating in a research note on Thursday, August 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $63.33.

About Las Vegas Sands

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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