Candriam Luxembourg S.C.A. Has $1.95 Million Position in Las Vegas Sands Corp. (LVS)

Candriam Luxembourg S.C.A. decreased its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 70.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 30,494 shares of the casino operator’s stock after selling 72,515 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Las Vegas Sands Corp. were worth $1,948,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. TrimTabs Asset Management LLC boosted its position in Las Vegas Sands Corp. by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 1,837 shares of the casino operator’s stock worth $105,000 after buying an additional 864 shares in the last quarter. Financial Architects Inc boosted its position in Las Vegas Sands Corp. by 226.1% in the first quarter. Financial Architects Inc now owns 1,875 shares of the casino operator’s stock worth $107,000 after buying an additional 1,300 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Las Vegas Sands Corp. during the first quarter worth approximately $119,000. Nikko Asset Management Americas Inc. acquired a new position in Las Vegas Sands Corp. during the first quarter worth approximately $154,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in Las Vegas Sands Corp. by 143.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,731 shares of the casino operator’s stock worth $174,000 after buying an additional 1,610 shares in the last quarter. 38.27% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Las Vegas Sands Corp. (NYSE LVS) opened at 60.16 on Friday. The stock’s 50 day moving average price is $62.21 and its 200 day moving average price is $58.26. The stock has a market cap of $47.65 billion, a price-to-earnings ratio of 23.41 and a beta of 1.81. Las Vegas Sands Corp. has a one year low of $49.89 and a one year high of $66.22.

Las Vegas Sands Corp. (NYSE:LVS) last posted its quarterly 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. The business had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.01 billion. Las Vegas Sands Corp. had a net margin of 16.66% and a return on equity of 29.91%. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.52 earnings per share. Analysts forecast that Las Vegas Sands Corp. will post $2.73 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 21st will be paid a dividend of $0.73 per share. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.85%. Las Vegas Sands Corp.’s payout ratio is currently 113.18%.

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A number of research firms have recently commented on LVS. Stifel Nicolaus reaffirmed a “buy” rating and set a $72.00 target price (up previously from $70.00) on shares of Las Vegas Sands Corp. in a research note on Thursday, July 27th. Zacks Investment Research cut Las Vegas Sands Corp. from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Telsey Advisory Group increased their price objective on Las Vegas Sands Corp. from $64.00 to $66.00 and gave the stock a “market perform” rating in a research note on Thursday, July 27th. Deutsche Bank AG reissued a “hold” rating and issued a $54.00 price objective (up previously from $52.00) on shares of Las Vegas Sands Corp. in a research note on Thursday, July 27th. Finally, Vetr cut Las Vegas Sands Corp. from a “buy” rating to a “hold” rating and set a $61.32 price objective on the stock. in a research note on Wednesday, April 26th. Eleven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $62.65.

Las Vegas Sands Corp. Company Profile

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.