Invst LLC Acquires Shares of 11,069 Las Vegas Sands Corp. $LVS

Invst LLC acquired a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,069 shares of the casino operator’s stock, valued at approximately $511,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jupiter Topco LLC acquired a new stake in shares of Las Vegas Sands in the 2nd quarter worth about $1,987,000. PDT Partners LLC bought a new stake in Las Vegas Sands during the 2nd quarter worth approximately $1,386,000. Canada Pension Plan Investment Board bought a new stake in Las Vegas Sands during the 2nd quarter worth approximately $67,068,000. Legal & General Group Plc purchased a new stake in shares of Las Vegas Sands in the second quarter worth approximately $83,696,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Las Vegas Sands in the second quarter valued at approximately $107,407,000. 39.16% of the stock is owned by institutional investors.

Las Vegas Sands Stock Performance

NYSE LVS opened at $47.31 on Wednesday. The company has a market capitalization of $30.65 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 1.16 and a beta of 0.85. The company has a debt-to-equity ratio of 15.27, a quick ratio of 0.99 and a current ratio of 1.00. Las Vegas Sands Corp. has a 52-week low of $44.21 and a 52-week high of $70.45. The company has a 50-day simple moving average of $46.61 and a 200 day simple moving average of $51.23.

Las Vegas Sands (NYSE:LVS) last released its 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 net margin of 12.59% and a return on equity of 133.90%. The company had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.31 billion. During the same quarter in the previous year, the firm earned $0.66 earnings per share. The firm’s revenue was down .7% compared to the same quarter last year. On average, research analysts predict that Las Vegas Sands Corp. will post 3.09 EPS for the current year.

Las Vegas Sands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 12th. Investors of record on Tuesday, August 4th were paid a $0.30 dividend. The ex-dividend date was Tuesday, August 4th. This represents a $1.20 annualized dividend and a yield of 2.5%. Las Vegas Sands’s dividend payout ratio is presently 46.69%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Mizuho lowered their price target on Las Vegas Sands from $67.00 to $61.00 and set an “outperform” rating for the company in a research report on Thursday, July 23rd. Susquehanna lowered their target price on shares of Las Vegas Sands from $64.00 to $63.00 and set a “positive” rating for the company in a report on Wednesday, July 22nd. Citigroup cut their price target on shares of Las Vegas Sands from $78.50 to $73.00 and set a “buy” rating on the stock in a report on Friday, July 10th. The Goldman Sachs Group decreased 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. Finally, HC Wainwright cut shares of Las Vegas Sands to a “neutral” rating in a research report on Thursday, July 30th. Ten equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $61.88.

Las Vegas Sands Company 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.