AXQ Capital LP lifted its position in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 50.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 78,809 shares of the casino operator's stock after purchasing an additional 26,524 shares during the quarter. AXQ Capital LP's holdings in Las Vegas Sands were worth $3,640,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Swiss Life Asset Management Ltd boosted its holdings in shares of Las Vegas Sands by 116.2% in the fourth quarter. Swiss Life Asset Management Ltd now owns 148,196 shares of the casino operator's stock valued at $9,646,000 after acquiring an additional 79,641 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in Las Vegas Sands by 411.5% during the fourth quarter. Crossmark Global Holdings Inc. now owns 44,208 shares of the casino operator's stock worth $2,877,000 after purchasing an additional 35,566 shares in the last quarter. SG Americas Securities LLC raised its holdings in Las Vegas Sands by 74.2% during the first quarter. SG Americas Securities LLC now owns 1,529,236 shares of the casino operator's stock worth $82,395,000 after purchasing an additional 651,214 shares in the last quarter. Fieldview Capital Management LLC acquired a new stake in Las Vegas Sands in the fourth quarter valued at about $4,561,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Las Vegas Sands in the second quarter valued at about $107,407,000. Hedge funds and other institutional investors own 39.16% of the company's stock.
Las Vegas Sands Price Performance
Shares of NYSE:LVS opened at $44.54 on Friday. The company has a market cap of $28.85 billion, a P/E ratio of 17.33, a P/E/G ratio of 1.10 and a beta of 0.83. The business has a fifty day simple moving average of $46.15 and a 200-day simple moving average of $50.61. Las Vegas Sands Corp. has a 52 week low of $43.36 and a 52 week high of $70.45. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 15.27.
Las Vegas Sands (NYSE:LVS - Get Free Report) last released its earnings results on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.17). Las Vegas Sands had a return on equity of 133.90% and a net margin of 12.59%.The business had revenue of $3.15 billion for the quarter, compared to analysts' expectations of $3.31 billion. During the same quarter last year, the company posted $0.66 earnings per share. The business's quarterly revenue was down .7% compared to the same quarter last year. Equities research analysts forecast that Las Vegas Sands Corp. will post 3.09 EPS for the current year.
Las Vegas Sands Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Tuesday, August 4th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.7%. The ex-dividend date was Tuesday, August 4th. Las Vegas Sands's payout ratio is currently 46.69%.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the company. Stifel Nicolaus reduced their price target on Las Vegas Sands from $74.00 to $60.00 and set a "buy" rating for the company in a report on Thursday, July 23rd. Bank of America decreased their target price on shares of Las Vegas Sands from $70.00 to $60.00 and set a "neutral" rating on the stock in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $62.00 price objective (down from $73.00) on shares of Las Vegas Sands in a report on Thursday, July 23rd. Barclays cut their target price on shares of Las Vegas Sands from $63.00 to $59.00 and set an "overweight" rating for the company in a research report on Thursday, July 23rd. Finally, Citigroup cut their price objective on Las Vegas Sands from $78.50 to $73.00 and set a "buy" rating for the company in a research report on Friday, July 10th. Ten equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $61.88.
View Our Latest Research Report on LVS
Las Vegas Sands Profile
(
Free Report)
Las Vegas Sands NYSE: LVS is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company's operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.
The company's portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.
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