Cetera Advisor Networks LLC lifted its position in Las Vegas Sands Corp. (NYSE:LVS) by 36.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,750 shares of the casino operator’s stock after buying an additional 1,269 shares during the period. Cetera Advisor Networks LLC’s holdings in Las Vegas Sands were worth $281,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Allied Advisory Services Inc. raised its holdings in Las Vegas Sands by 21.2% in the 2nd quarter. First Allied Advisory Services Inc. now owns 14,066 shares of the casino operator’s stock valued at $831,000 after acquiring an additional 2,461 shares in the last quarter. Quantamental Technologies LLC grew its position in Las Vegas Sands by 42.6% in the 2nd quarter. Quantamental Technologies LLC now owns 7,444 shares of the casino operator’s stock worth $440,000 after purchasing an additional 2,223 shares in the last quarter. Pearl River Capital LLC bought a new stake in Las Vegas Sands in the 2nd quarter worth about $59,000. Fosun International Ltd grew its position in Las Vegas Sands by 4.7% in the 2nd quarter. Fosun International Ltd now owns 22,400 shares of the casino operator’s stock worth $1,317,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Rathbone Brothers plc grew its position in Las Vegas Sands by 6.0% in the 2nd quarter. Rathbone Brothers plc now owns 6,739 shares of the casino operator’s stock worth $398,000 after purchasing an additional 380 shares in the last quarter. 36.30% of the stock is currently owned by institutional investors.
In other news, EVP Lawrence A. Jacobs sold 66,667 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $60.16, for a total transaction of $4,010,686.72. Following the completion of the sale, the executive vice president now owns 66,667 shares in the company, valued at $4,010,686.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Kathleen Bender Patton sold 2,008 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $35.60, for a total value of $71,484.80. 10.50% of the stock is owned by corporate insiders.
NYSE LVS opened at $57.11 on Friday. The company’s 50-day moving average price is $55.55 and its 200-day moving average price is $60.09. The company has a current ratio of 1.64, a quick ratio of 1.62 and a debt-to-equity ratio of 1.81. The stock has a market cap of $43.94 billion, a PE ratio of 18.01, a PEG ratio of 7.51 and a beta of 1.60. Las Vegas Sands Corp. has a 12 month low of $47.39 and a 12 month high of $69.60.
Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, July 24th. The casino operator reported $0.72 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.09). Las Vegas Sands had a net margin of 14.01% and a return on equity of 35.77%. The company had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.39 billion. During the same period in the previous year, the business earned $0.76 earnings per share. The business’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, sell-side analysts forecast that Las Vegas Sands Corp. will post 3.17 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Wednesday, September 18th were paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 5.39%. The ex-dividend date was Tuesday, September 17th. Las Vegas Sands’s dividend payout ratio (DPR) is presently 92.77%.
A number of equities research analysts have issued reports on the stock. Goldman Sachs Group raised shares of Las Vegas Sands to a “buy” rating in a research report on Tuesday, June 11th. Deutsche Bank upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating and raised their price objective for the company from $69.00 to $70.00 in a research report on Sunday, September 8th. Argus cut shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Standpoint Research began coverage on shares of Las Vegas Sands in a research report on Wednesday, September 4th. They set a “buy” rating on the stock. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Las Vegas Sands from $68.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, September 6th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $67.23.
Las Vegas Sands Profile
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and iconic Marina Bay Sands in Singapore.
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