Nykredit A S Makes New $4.14 Million Investment in Las Vegas Sands Corp. $LVS

Key Points

• Nykredit A/S invested approximately $4.14 million in Las Vegas Sands during the second quarter by purchasing 89,623 shares. Institutional investors collectively own 39.16% of the company.
• Analyst sentiment is mixed, with Las Vegas Sands receiving an average rating of “Hold” and an average price target of $61.88; several firms recently downgraded the stock.
• Las Vegas Sands reported quarterly earnings of $0.59 per share and revenue of $3.15 billion, both below analyst expectations. The company maintains a quarterly dividend of $0.30 per share, equivalent to a 2.7% yield.

Nykredit A S bought a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 89,623 shares of the casino operator's stock, valued at approximately $4,140,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mackenzie Financial Corp grew its position in Las Vegas Sands by 0.3% in the third quarter. Mackenzie Financial Corp now owns 53,945 shares of the casino operator's stock worth $2,902,000 after acquiring an additional 156 shares in the last quarter. Parallel Advisors LLC grew its position in Las Vegas Sands by 7.8% in the 3rd quarter. Parallel Advisors LLC now owns 2,449 shares of the casino operator's stock valued at $132,000 after acquiring an additional 177 shares during the last quarter. &PARTNERS grew its holdings in shares of Las Vegas Sands by 3.2% in the fourth quarter. &PARTNERS now owns 6,930 shares of the casino operator's stock worth $453,000 after purchasing an additional 214 shares during the last quarter. Pension & Wealth Management Advisors Inc. increased its position in shares of Las Vegas Sands by 13.9% during the second quarter. Pension & Wealth Management Advisors Inc. now owns 2,012 shares of the casino operator's stock worth $93,000 after acquiring an additional 245 shares during the period. Finally, United Capital Financial Advisors LLC increased its holdings in Las Vegas Sands by 5.5% during the 3rd quarter. United Capital Financial Advisors LLC now owns 4,945 shares of the casino operator's stock worth $266,000 after purchasing an additional 258 shares during the period. 39.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Argus cut shares of Las Vegas Sands from a "buy" rating to a "hold" rating in a research report on Thursday, July 30th. HC Wainwright downgraded shares of Las Vegas Sands to a "neutral" rating in a report on Thursday, July 30th. Zacks Research lowered Las Vegas Sands from a "hold" rating to a "strong sell" rating in a research note on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $62.00 price target (down from $73.00) on shares of Las Vegas Sands in a research report on Thursday, July 23rd. Finally, UBS Group set a $52.00 price objective on Las Vegas Sands in a research note on Thursday, July 2nd. Ten investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $61.88.

Las Vegas Sands Stock Up 0.1%

NYSE LVS opened at $44.42 on Monday. The business has a fifty day moving average price of $46.10 and a 200 day moving average price of $50.52. The company has a debt-to-equity ratio of 15.27, a quick ratio of 0.99 and a current ratio of 1.00. The company has a market cap of $28.77 billion, a P/E ratio of 17.28, a P/E/G ratio of 1.09 and a beta of 0.83. Las Vegas Sands Corp. has a one year low of $43.36 and a one year high of $70.45.

Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share 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 business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same quarter in the previous year, the firm posted $0.66 earnings per share. The business's revenue was down .7% compared to the same quarter last year. Research analysts anticipate that Las Vegas Sands Corp. will post 3.09 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Tuesday, August 4th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Tuesday, August 4th. Las Vegas Sands's payout ratio is currently 46.69%.

Las Vegas Sands Profile

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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