AM Squared Ltd Purchases Shares of 1,500 Las Vegas Sands Corp. (NYSE:LVS)

AM Squared Ltd bought a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,500 shares of the casino operator’s stock, valued at approximately $66,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in LVS. Bank & Trust Co bought a new stake in Las Vegas Sands during the 2nd quarter worth $29,000. Delos Wealth Advisors LLC acquired a new position in Las Vegas Sands during the 4th quarter worth approximately $33,000. Accent Capital Management LLC acquired a new position in Las Vegas Sands during the 4th quarter worth approximately $39,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Las Vegas Sands by 93.2% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock worth $40,000 after purchasing an additional 437 shares during the last quarter. Finally, Vestor Capital LLC purchased a new stake in shares of Las Vegas Sands in the fourth quarter worth approximately $42,000. 39.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Jefferies Financial Group reduced their price objective on Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating for the company in a report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft decreased their price objective on Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Macquarie cut their price objective on Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Stifel Nicolaus dropped their price target on Las Vegas Sands from $65.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Finally, Argus lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $55.67.

Las Vegas Sands Stock Performance

NYSE LVS traded up $0.35 on Friday, reaching $38.99. 12,254,186 shares of the company’s stock traded hands, compared to its average volume of 6,085,685. The firm has a market cap of $28.71 billion, a price-to-earnings ratio of 18.84, a P/E/G ratio of 1.07 and a beta of 1.12. The stock has a 50 day moving average price of $40.85 and a 200-day moving average price of $46.00. Las Vegas Sands Corp. has a fifty-two week low of $36.62 and a fifty-two week high of $55.73. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.57 and a current ratio of 1.58.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, July 24th. The casino operator reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The firm had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same quarter last year, the company posted $0.46 EPS. The company’s revenue was up 8.6% on a year-over-year basis. Equities research analysts predict that Las Vegas Sands Corp. will post 2.45 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Tuesday, August 6th were paid a $0.20 dividend. The ex-dividend date was Tuesday, August 6th. This represents a $0.80 annualized dividend and a dividend yield of 2.05%. Las Vegas Sands’s dividend payout ratio (DPR) is 38.65%.

Las Vegas Sands Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, 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 Marina Bay Sands in Singapore.