Las Vegas Sands Corp. $LVS Position Increased by Easterly Investment Partners LLC

Key Points

• Easterly Investment Partners LLC increased its stake in Las Vegas Sands Corp. by 22.1%, acquiring an additional 11,949 shares and bringing its total ownership to 66,120 shares worth approximately $2.87 million.
• Several other institutional investors have also raised their positions in Las Vegas Sands, with MassMutual Private Wealth & Trust FSB increasing its stake by 37.5% during the same quarter.
• Las Vegas Sands reported a quarterly earnings per share of $0.79, exceeding estimates and showing a 15% year-over-year revenue growth to $3.18 billion.

Easterly Investment Partners LLC increased its position in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 22.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,120 shares of the casino operator's stock after acquiring an additional 11,949 shares during the period. Easterly Investment Partners LLC's holdings in Las Vegas Sands were worth $2,877,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in LVS. MassMutual Private Wealth & Trust FSB lifted its position in Las Vegas Sands by 37.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 876 shares of the casino operator's stock worth $38,000 after acquiring an additional 239 shares during the last quarter. Center for Financial Planning Inc. acquired a new position in shares of Las Vegas Sands in the first quarter valued at $42,000. Hilltop National Bank acquired a new stake in shares of Las Vegas Sands during the 2nd quarter valued at about $44,000. Farther Finance Advisors LLC boosted its holdings in Las Vegas Sands by 133.1% during the first quarter. Farther Finance Advisors LLC now owns 1,499 shares of the casino operator's stock valued at $59,000 after purchasing an additional 856 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Las Vegas Sands by 53.8% in the 2nd quarter. UMB Bank n.a. now owns 1,361 shares of the casino operator's stock worth $59,000 after buying an additional 476 shares in the last quarter. 39.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Citigroup reaffirmed a "buy" rating on shares of Las Vegas Sands in a report on Wednesday, July 9th. Weiss Ratings reissued a "hold (c)" rating on shares of Las Vegas Sands in a report on Wednesday, October 8th. The Goldman Sachs Group dropped their target price on Las Vegas Sands from $59.00 to $58.00 and set a "neutral" rating for the company in a research report on Wednesday, October 1st. Susquehanna lowered their target price on shares of Las Vegas Sands from $59.00 to $58.00 and set a "positive" rating for the company in a report on Monday, July 21st. Finally, Morgan Stanley lifted their price objective on Las Vegas Sands from $50.00 to $57.00 and gave the stock an "equal weight" rating in a research note on Thursday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, Las Vegas Sands has a consensus rating of "Moderate Buy" and an average target price of $60.47.

Las Vegas Sands Stock Up 0.1%

NYSE:LVS opened at $49.06 on Friday. Las Vegas Sands Corp. has a 1 year low of $30.18 and a 1 year high of $58.05. The stock has a 50-day moving average price of $53.52 and a two-hundred day moving average price of $46.02. The stock has a market cap of $33.68 billion, a price-to-earnings ratio of 24.78, a PEG ratio of 1.80 and a beta of 1.01. 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 announced its quarterly earnings results on Wednesday, July 23rd. The casino operator reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.26. Las Vegas Sands had a net margin of 12.16% and a return on equity of 55.37%. The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the previous year, the firm posted $0.55 earnings per share. The business's revenue was up 15.0% on a year-over-year basis. As a group, equities analysts expect that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 13th. Stockholders 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 2.0%. The ex-dividend date of this dividend was Tuesday, August 5th. Las Vegas Sands's dividend payout ratio (DPR) 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.

Want to see what other hedge funds are holding LVS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Las Vegas Sands Corp. (NYSE:LVS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.