Las Vegas Sands Corp. (NYSE:LVS) Position Held by Hodges Capital Management Inc.

Hodges Capital Management Inc. continued to hold its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,600 shares of the casino operator’s stock at the end of the second quarter. Hodges Capital Management Inc.’s holdings in Las Vegas Sands Corp. were worth $677,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Las Vegas Sands Corp. by 4.0% in the first quarter. Vanguard Group Inc. now owns 19,712,172 shares of the casino operator’s stock worth $1,124,974,000 after buying an additional 755,714 shares during the last quarter. BlackRock Inc. increased its stake in shares of Las Vegas Sands Corp. by 2,504.7% in the first quarter. BlackRock Inc. now owns 15,764,400 shares of the casino operator’s stock worth $899,674,000 after buying an additional 15,159,167 shares during the last quarter. State Street Corp increased its stake in shares of Las Vegas Sands Corp. by 4.7% in the first quarter. State Street Corp now owns 8,023,114 shares of the casino operator’s stock worth $457,878,000 after buying an additional 360,249 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Las Vegas Sands Corp. by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 4,620,419 shares of the casino operator’s stock worth $263,687,000 after buying an additional 28,172 shares during the last quarter. Finally, Thornburg Investment Management Inc. increased its stake in shares of Las Vegas Sands Corp. by 39.0% in the first quarter. Thornburg Investment Management Inc. now owns 4,187,059 shares of the casino operator’s stock worth $238,955,000 after buying an additional 1,174,688 shares during the last quarter. 38.27% of the stock is owned by institutional investors and hedge funds.

Shares of Las Vegas Sands Corp. (NYSE LVS) opened at 60.78 on Thursday. The stock has a market capitalization of $48.14 billion, a PE ratio of 23.65 and a beta of 1.81. Las Vegas Sands Corp. has a 1-year low of $49.89 and a 1-year high of $66.22. The firm has a 50-day moving average of $62.33 and a 200 day moving average of $58.24.

Las Vegas Sands Corp. (NYSE:LVS) last announced its earnings results on Wednesday, July 26th. The casino operator reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.14. Las Vegas Sands Corp. had a net margin of 16.66% and a return on equity of 29.91%. The business had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the prior year, the firm posted $0.52 earnings per share. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. Analysts predict that Las Vegas Sands Corp. will post $2.73 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 21st will be paid a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 4.80%. The ex-dividend date is Wednesday, September 20th. Las Vegas Sands Corp.’s dividend payout ratio is currently 113.18%.

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A number of equities research analysts have issued reports on LVS shares. Wells Fargo & Company reaffirmed a “neutral” rating on shares of Las Vegas Sands Corp. in a research report on Tuesday, July 4th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $62.00 price objective (up from $58.00) on shares of Las Vegas Sands Corp. in a research report on Monday, July 10th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $72.00 price objective (up from $70.00) on shares of Las Vegas Sands Corp. in a research report on Thursday, July 27th. Deutsche Bank AG upped their price objective on shares of Las Vegas Sands Corp. from $50.00 to $52.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $67.00 price objective (up from $65.00) on shares of Las Vegas Sands Corp. in a research report on Friday, July 21st. Eleven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $62.65.

About Las Vegas Sands Corp.

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.

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Institutional Ownership by Quarter for Las Vegas Sands Corp. (NYSE:LVS)

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