MBB Public Markets I LLC Takes $282,000 Position in Las Vegas Sands Corp. $LVS

Key Points

• MBB Public Markets I LLC acquired a new stake in Las Vegas Sands Corp., purchasing 7,290 shares valued at approximately $282,000 during the first quarter.
• Las Vegas Sands reported a quarterly earnings per share (EPS) of $0.79, surpassing analysts' expectations, with a total revenue of $3.18 billion.
• The company recently announced a quarterly dividend of $0.25 per share, resulting in an annualized dividend of $1.00 with a yield of 1.8%.

MBB Public Markets I LLC acquired a new position in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 7,290 shares of the casino operator's stock, valued at approximately $282,000.

Several other institutional investors also recently bought and sold shares of the company. Nuveen LLC purchased a new position in shares of Las Vegas Sands in the 1st quarter valued at $183,836,000. Vanguard Group Inc. increased its holdings in shares of Las Vegas Sands by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 41,249,208 shares of the casino operator's stock valued at $1,593,457,000 after acquiring an additional 2,267,307 shares during the period. ARGA Investment Management LP increased its holdings in shares of Las Vegas Sands by 12.9% in the 1st quarter. ARGA Investment Management LP now owns 7,342,577 shares of the casino operator's stock valued at $283,644,000 after acquiring an additional 841,195 shares during the period. Invesco Ltd. increased its holdings in shares of Las Vegas Sands by 9.1% in 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 during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Las Vegas Sands by 6.5% in the 1st quarter. Bank of New York Mellon Corp now owns 12,415,492 shares of the casino operator's stock valued at $479,610,000 after acquiring an additional 752,944 shares during the period. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LVS. Barclays boosted their target price on Las Vegas Sands from $57.00 to $58.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Wall Street Zen upgraded Las Vegas Sands from a "hold" rating to a "buy" rating in a research note on Sunday, September 7th. The Goldman Sachs Group began coverage on Las Vegas Sands in a research note on Monday, July 7th. They set a "neutral" rating and a $52.00 target price on the stock. Macquarie boosted their target price on Las Vegas Sands from $52.00 to $58.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Finally, Argus upgraded Las Vegas Sands from a "hold" rating to a "buy" rating and set a $60.00 target price on the stock in a research note on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $59.47.

Las Vegas Sands Stock Up 1.2%

Shares of LVS stock traded up $0.65 during trading hours on Wednesday, hitting $52.51. 1,239,335 shares of the company were exchanged, compared to its average volume of 5,554,847. The company has a debt-to-equity ratio of 6.53, a quick ratio of 1.21 and a current ratio of 1.22. Las Vegas Sands Corp. has a one year low of $30.18 and a one year high of $58.05. The business's 50-day simple moving average is $52.94 and its two-hundred day simple moving average is $44.63. The stock has a market capitalization of $36.04 billion, a price-to-earnings ratio of 26.53, a P/E/G ratio of 1.93 and a beta of 1.04.

Las Vegas Sands (NYSE:LVS - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The casino operator reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.26. The firm had revenue of $3.18 billion for the quarter, compared to analysts' expectations of $2.83 billion. Las Vegas Sands had a net margin of 12.16% and a return on equity of 55.37%. Las Vegas Sands's revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the company posted $0.55 earnings per share. Sell-side analysts predict that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 13th. Shareholders of record on Tuesday, August 5th were given a $0.25 dividend. The ex-dividend date was Tuesday, August 5th. This represents a $1.00 annualized dividend and a yield of 1.9%. Las Vegas Sands's payout ratio is 50.51%.

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.