AdvisorShares Investments LLC Takes $466,000 Position in Las Vegas Sands Corp. (NYSE:LVS)

AdvisorShares Investments LLC bought a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 10,860 shares of the casino operator’s stock, valued at approximately $466,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LVS. Bank & Trust Co acquired a new stake in shares of Las Vegas Sands during the second quarter worth about $29,000. Accent Capital Management LLC purchased a new position in shares of Las Vegas Sands in the 4th quarter valued at about $39,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Las Vegas Sands by 93.2% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock worth $40,000 after buying an additional 437 shares during the period. Fidelis Capital Partners LLC purchased a new position in Las Vegas Sands in the first quarter worth approximately $43,000. Finally, Parallel Advisors LLC lifted its position in shares of Las Vegas Sands by 54.8% during the 4th quarter. Parallel Advisors LLC now owns 1,008 shares of the casino operator’s stock worth $50,000 after purchasing an additional 357 shares during the last quarter. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

Las Vegas Sands Stock Performance

Shares of LVS opened at $39.36 on Thursday. The company’s 50 day simple moving average is $40.19 and its 200-day simple moving average is $45.16. The firm has a market cap of $29.33 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 1.13 and a beta of 1.11. Las Vegas Sands Corp. has a 12-month low of $36.62 and a 12-month high of $55.65. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 3.29.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, July 24th. The casino operator reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.01). The business had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.46 earnings per share. As a group, equities analysts predict that Las Vegas Sands Corp. will post 2.46 EPS for the current year.

Las Vegas Sands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Tuesday, August 6th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend was Tuesday, August 6th. Las Vegas Sands’s dividend payout ratio (DPR) is presently 38.65%.

Analyst Ratings Changes

LVS has been the topic of several recent analyst reports. Morgan Stanley dropped their target price on Las Vegas Sands from $55.00 to $50.00 and set an “overweight” rating on the stock in a report on Wednesday, September 4th. Barclays cut their target price on Las Vegas Sands from $57.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Macquarie decreased their target price on Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Jefferies Financial Group dropped their price target on shares of Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating on the stock in a research note on Thursday, July 11th. Finally, UBS Group cut shares of Las Vegas Sands from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $70.00 to $49.00 in a report on Friday, August 23rd. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Las Vegas Sands has a consensus rating of “Moderate Buy” and a consensus price target of $55.25.

Las Vegas Sands Company 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.