Stance Capital LLC Invests $2.21 Million in Las Vegas Sands Corp. $LVS

Key Points

• Stance Capital LLC has invested approximately $2.21 million in Las Vegas Sands Corp., acquiring 57,113 shares of the casino operator's stock.
• Analysts have raised their target price for Las Vegas Sands, with estimates varying from $56.00 to $60.00, indicating a positive outlook for the company.
• Las Vegas Sands reported a 15% year-over-year increase in quarterly revenue and earnings of $0.79 per share, surpassing consensus estimates.

Stance Capital LLC bought a new position in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 57,113 shares of the casino operator's stock, valued at approximately $2,206,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Center for Financial Planning Inc. purchased a new stake in shares of Las Vegas Sands during the first quarter worth about $42,000. Farther Finance Advisors LLC increased its stake in shares of Las Vegas Sands by 133.1% during the first quarter. Farther Finance Advisors LLC now owns 1,499 shares of the casino operator's stock worth $59,000 after purchasing an additional 856 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Las Vegas Sands during the first quarter worth about $127,000. Golden State Wealth Management LLC increased its stake in shares of Las Vegas Sands by 103.2% during the first quarter. Golden State Wealth Management LLC now owns 3,587 shares of the casino operator's stock worth $139,000 after purchasing an additional 1,822 shares in the last quarter. Finally, AlphaQuest LLC purchased a new stake in shares of Las Vegas Sands during the first quarter worth about $153,000. Hedge funds and other institutional investors own 39.16% of the company's stock.

Las Vegas Sands Trading Up 0.8%

Shares of Las Vegas Sands stock traded up $0.41 on Wednesday, reaching $54.41. The company had a trading volume of 4,945,149 shares, compared to its average volume of 5,570,954. The firm's 50 day moving average price is $52.42 and its two-hundred day moving average price is $44.31. The firm has a market cap of $37.35 billion, a PE ratio of 27.48, a PEG ratio of 1.96 and a beta of 1.04. 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 quick ratio of 1.21 and a current ratio of 1.22.

Las Vegas Sands (NYSE:LVS - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The casino operator reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.26. The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $2.83 billion. Las Vegas Sands had a net margin of 12.16% and a return on equity of 55.37%. The business's revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.55 EPS. Sell-side analysts predict that Las Vegas Sands Corp. will post 2.6 earnings per share 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. This represents a $1.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, August 5th. Las Vegas Sands's dividend payout ratio (DPR) is currently 50.51%.

Analysts Set New Price Targets

A number of analysts have recently commented on LVS shares. Morgan Stanley boosted their target price on shares of Las Vegas Sands from $47.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. Wall Street Zen upgraded shares of Las Vegas Sands from a "hold" rating to a "buy" rating in a research report on Sunday. JPMorgan Chase & Co. boosted their price target on shares of Las Vegas Sands from $47.00 to $56.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Citigroup restated a "buy" rating on shares of Las Vegas Sands in a research report on Wednesday, July 9th. Finally, Susquehanna lowered their price target on shares of Las Vegas Sands from $59.00 to $58.00 and set a "positive" rating on the stock in a research report on Monday, July 21st. 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 company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $59.00.

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.