Nykredit A S Invests $3.66 Million in Las Vegas Sands Corp. $LVS

Nykredit A S acquired a new position in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 79,294 shares of the casino operator's stock, valued at approximately $3,663,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Hantz Financial Services Inc. grew its holdings in Las Vegas Sands by 94.2% in the fourth quarter. Hantz Financial Services Inc. now owns 765 shares of the casino operator's stock valued at $50,000 after purchasing an additional 371 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Las Vegas Sands by 73.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 886 shares of the casino operator's stock worth $48,000 after buying an additional 375 shares during the last quarter. Covestor Ltd boosted its position in shares of Las Vegas Sands by 187.3% in the 4th quarter. Covestor Ltd now owns 971 shares of the casino operator's stock worth $63,000 after buying an additional 633 shares in the last quarter. Leonteq Securities AG acquired a new stake in Las Vegas Sands in the 4th quarter valued at about $89,000. Finally, Root Financial Partners LLC grew its stake in Las Vegas Sands by 101.3% in the 1st quarter. Root Financial Partners LLC now owns 1,556 shares of the casino operator's stock valued at $84,000 after acquiring an additional 783 shares during the last quarter. Institutional investors and hedge funds own 39.16% of the company's stock.

Las Vegas Sands Trading Down 1.5%

Shares of LVS opened at $39.66 on Wednesday. Las Vegas Sands Corp. has a twelve month low of $39.53 and a twelve month high of $70.45. The firm has a market capitalization of $25.69 billion, a P/E ratio of 15.43, a price-to-earnings-growth ratio of 0.99 and a beta of 0.83. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 15.27. The stock's fifty day simple moving average is $45.04 and its 200 day simple moving average is $49.28.

Las Vegas Sands (NYSE:LVS - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The casino operator reported $0.59 EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $3.15 billion during the quarter, compared to analysts' expectations of $3.31 billion. During the same quarter last year, the business earned $0.66 earnings per share. The business's revenue for the quarter was down .7% compared to the same quarter last year. On average, equities research analysts forecast that Las Vegas Sands Corp. will post 3.09 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Tuesday, August 4th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, August 4th. Las Vegas Sands's payout ratio is 46.69%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LVS. Wolfe Research assumed coverage on shares of Las Vegas Sands in a research report on Wednesday, September 2nd. They set a "peer perform" rating for the company. Mizuho lowered their price target on shares of Las Vegas Sands from $67.00 to $61.00 and set an "outperform" rating on the stock in a research report on Thursday, July 23rd. The Goldman Sachs Group dropped their price objective on shares of Las Vegas Sands from $63.00 to $55.00 and set a "buy" rating for the company in a research note on Thursday, July 23rd. Seaport Research Partners cut their price objective on Las Vegas Sands from $69.00 to $59.00 and set a "buy" rating for the company in a research report on Thursday, July 23rd. Finally, HSBC reduced their target price on Las Vegas Sands from $78.00 to $68.00 and set a "buy" rating on the stock in a research note on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $59.84.

Las Vegas Sands Profile

Las Vegas Sands Corp. NYSE: LVS develops and operates integrated resorts that combine casino gaming with hotels, convention and meeting facilities, dining, retail, entertainment and other leisure offerings. The company primarily serves international tourism, business travel and premium gaming markets.

Las Vegas Sands' principal properties are Marina Bay Sands in Singapore and a portfolio of integrated resorts in Macao, including The Venetian Macao, The Londoner Macao, The Parisian Macao and Four Seasons Hotel Macao.

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 reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.