Mmbg Investment Advisors CO. Takes $656,000 Position in Las Vegas Sands Corp. $LVS

Mmbg Investment Advisors CO. acquired a new position in Las Vegas Sands Corp. (NYSE:LVS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,200 shares of the casino operator’s stock, valued at approximately $656,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. AQR Capital Management LLC increased its holdings in shares of Las Vegas Sands by 222.7% during the 4th quarter. AQR Capital Management LLC now owns 9,098,518 shares of the casino operator’s stock worth $592,223,000 after purchasing an additional 6,279,390 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Las Vegas Sands by 4.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 8,582,962 shares of the casino operator’s stock worth $462,450,000 after buying an additional 396,705 shares in the last quarter. Bank of New York Mellon Corp grew its position in Las Vegas Sands by 18.7% during the fourth quarter. Bank of New York Mellon Corp now owns 7,893,031 shares of the casino operator’s stock worth $513,757,000 after buying an additional 1,246,206 shares in the last quarter. Norges Bank bought a new position in Las Vegas Sands during the fourth quarter valued at about $364,892,000. Finally, Dimensional Fund Advisors LP increased its stake in Las Vegas Sands by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 3,780,266 shares of the casino operator’s stock valued at $203,616,000 after acquiring an additional 90,690 shares during the period. Institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Trading Up 2.5%

Shares of LVS opened at $46.59 on Thursday. 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 has a market cap of $30.18 billion, a PE ratio of 18.13, a PEG ratio of 1.12 and a beta of 0.85. Las Vegas Sands Corp. has a 1 year low of $44.21 and a 1 year high of $70.45. The stock has a 50 day simple moving average of $46.86 and a 200-day simple moving average of $51.48.

Las Vegas Sands (NYSE:LVS) last announced 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 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 the consensus estimate of $3.31 billion. During the same quarter last year, the company earned $0.66 earnings per share. The business’s revenue was down .7% on a year-over-year basis. On average, sell-side analysts predict that Las Vegas Sands Corp. will post 3.09 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Tuesday, August 4th were given a $0.30 dividend. The ex-dividend date was Tuesday, August 4th. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. Las Vegas Sands’s payout ratio is 46.69%.

Analyst Ratings Changes

Several brokerages have recently weighed in on LVS. HC Wainwright lowered Las Vegas Sands to a “neutral” rating in a report on Thursday, July 30th. Jefferies Financial Group raised their target price on Las Vegas Sands from $61.00 to $63.00 and gave the stock a “hold” rating in a research report on Thursday, April 23rd. Wells Fargo & Company decreased their price target on shares of Las Vegas Sands from $65.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 14th. JPMorgan Chase & Co. lowered their price target on shares of Las Vegas Sands from $64.00 to $60.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Finally, Zacks Research cut shares of Las Vegas Sands from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Las Vegas Sands currently has an average rating of “Hold” and a consensus price target of $61.88.

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.