Parametrica Management Ltd purchased a new stake in Las Vegas Sands Corp. (NYSE:LVS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,257 shares of the casino operator’s stock, valued at approximately $208,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Wagner Bowman Management Corp increased its stake in Las Vegas Sands Corp. by 1.1% in the second quarter. Wagner Bowman Management Corp now owns 5,666 shares of the casino operator’s stock valued at $362,000 after buying an additional 61 shares during the last quarter. Arizona State Retirement System increased its stake in Las Vegas Sands Corp. by 0.3% in the first quarter. Arizona State Retirement System now owns 36,374 shares of the casino operator’s stock valued at $2,076,000 after buying an additional 100 shares during the last quarter. North Star Investment Management Corp. increased its stake in Las Vegas Sands Corp. by 0.6% in the second quarter. North Star Investment Management Corp. now owns 15,725 shares of the casino operator’s stock valued at $1,005,000 after buying an additional 100 shares during the last quarter. Huntington National Bank increased its stake in Las Vegas Sands Corp. by 3.7% in the first quarter. Huntington National Bank now owns 3,185 shares of the casino operator’s stock valued at $182,000 after buying an additional 115 shares during the last quarter. Finally, Agran Libbie increased its stake in Las Vegas Sands Corp. by 1.0% in the first quarter. Agran Libbie now owns 17,690 shares of the casino operator’s stock valued at $1,010,000 after buying an additional 175 shares during the last quarter. 38.31% of the stock is currently owned by institutional investors and hedge funds.
Shares of Las Vegas Sands Corp. (NYSE LVS) traded up 1.22% on Monday, hitting $62.03. 2,043,027 shares of the company’s stock were exchanged. The stock has a market cap of $49.13 billion, a price-to-earnings ratio of 24.14 and a beta of 1.81. Las Vegas Sands Corp. has a 12-month low of $49.09 and a 12-month high of $66.22. The company’s 50-day moving average price is $63.20 and its 200 day moving average price is $57.94. Las Vegas Sands Corp. also saw unusually large options trading activity on Friday. Stock traders bought 12,309 put options on the stock. This represents an increase of approximately 242% compared to the average daily volume of 3,595 put options.
Las Vegas Sands Corp. (NYSE:LVS) last released its earnings results on Wednesday, July 26th. The casino operator reported $0.73 EPS for the quarter, topping 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 29.31%. The company had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter last year, the business earned $0.52 EPS. The business’s revenue was up 18.5% on a year-over-year basis. On average, equities analysts predict that Las Vegas Sands Corp. will post $2.67 earnings per share for the current fiscal 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 4.77%. The ex-dividend date is Wednesday, September 20th. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is presently 113.18%.
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Several equities research analysts have recently commented on the stock. UBS AG reiterated a “neutral” rating on shares of Las Vegas Sands Corp. in a research note on Tuesday, April 11th. Stifel Nicolaus reiterated a “buy” rating and set a $72.00 price objective (up from $70.00) on shares of Las Vegas Sands Corp. in a research note on Thursday. Telsey Advisory Group lifted their price objective on shares of Las Vegas Sands Corp. from $64.00 to $66.00 and gave the stock a “market perform” rating in a research note on Thursday. Bank of America Corporation reiterated a “buy” rating and set a $67.00 price objective (up from $65.00) on shares of Las Vegas Sands Corp. in a research note on Friday, July 21st. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $54.00 price objective (up from $52.00) on shares of Las Vegas Sands Corp. in a research note on Thursday. Ten investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Las Vegas Sands Corp. presently has a consensus rating of “Buy” and a consensus price target 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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