Scientech Research LLC Purchases Shares of 28,342 Las Vegas Sands Corp. $LVS

Key Points

• Scientech Research LLC has acquired 28,342 shares of Las Vegas Sands Corp. valued at approximately $1,095,000 during the first quarter.
• Las Vegas Sands reported a quarterly EPS of $0.79, exceeding analysts' expectations of $0.53, alongside a revenue of $3.18 billion, which was also above estimates.
• The company announced a quarterly dividend of $0.25 per share, with an annualized yield of 1.9% and a dividend payout ratio of 50.51%.

Scientech Research LLC acquired a new position in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,342 shares of the casino operator's stock, valued at approximately $1,095,000.

A number of other hedge funds have also recently made changes to their positions in LVS. PharVision Advisers LLC bought a new position in Las Vegas Sands in the 1st quarter valued at about $377,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Las Vegas Sands by 8.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,251 shares of the casino operator's stock valued at $1,207,000 after purchasing an additional 2,418 shares in the last quarter. DoubleLine ETF Adviser LP purchased a new position in shares of Las Vegas Sands during the first quarter valued at approximately $333,000. Cinctive Capital Management LP bought a new stake in Las Vegas Sands during the first quarter worth $4,881,000. Finally, AQR Capital Management LLC raised its position in Las Vegas Sands by 733.4% in the 1st quarter. AQR Capital Management LLC now owns 790,760 shares of the casino operator's stock valued at $29,725,000 after buying an additional 695,878 shares during the last quarter. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LVS has been the subject of several recent analyst reports. The Goldman Sachs Group started coverage on shares of Las Vegas Sands in a research note on Monday, July 7th. They issued a "neutral" rating and a $52.00 target price for the company. Morgan Stanley increased their price objective on shares of Las Vegas Sands from $50.00 to $57.00 and gave the company an "equal weight" rating in a research note on Thursday. JPMorgan Chase & Co. boosted their target price on Las Vegas Sands from $47.00 to $56.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Susquehanna reduced their target price on 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, Barclays lifted their price target on Las Vegas Sands from $57.00 to $58.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $59.47.

Las Vegas Sands Stock Performance

Shares of LVS traded up $0.20 during trading hours on Thursday, hitting $54.70. The company's stock had a trading volume of 5,773,753 shares, compared to its average volume of 5,567,792. The business has a 50 day simple moving average of $52.55 and a two-hundred day simple moving average of $44.38. Las Vegas Sands Corp. has a 52-week low of $30.18 and a 52-week high of $58.05. The company has a debt-to-equity ratio of 6.53, a current ratio of 1.22 and a quick ratio of 1.21. The company has a market cap of $37.55 billion, a price-to-earnings ratio of 27.63, a PEG ratio of 1.97 and a beta of 1.04.

Las Vegas Sands (NYSE:LVS - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $3.18 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the business earned $0.55 EPS. On average, equities analysts expect that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 13th. Investors of record on Tuesday, August 5th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $1.00 dividend on an annualized basis and a yield of 1.8%. Las Vegas Sands's dividend payout ratio is 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.