U S Global Investors Inc. Makes New $433,000 Investment in Las Vegas Sands Corp. (NYSE:LVS)

U S Global Investors Inc. bought a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,600 shares of the casino operator’s stock, valued at approximately $433,000.

Several other hedge funds have also recently bought and sold shares of LVS. Wedmont Private Capital bought a new stake in Las Vegas Sands during the first quarter valued at about $202,000. Park Avenue Securities LLC lifted its stake in shares of Las Vegas Sands by 40.2% in the first quarter. Park Avenue Securities LLC now owns 17,360 shares of the casino operator’s stock valued at $898,000 after buying an additional 4,981 shares during the period. ARGA Investment Management LP lifted its stake in Las Vegas Sands by 6.4% during the first quarter. ARGA Investment Management LP now owns 3,308,987 shares of the casino operator’s stock worth $171,075,000 after purchasing an additional 198,413 shares during the period. Hengehold Capital Management LLC bought a new position in Las Vegas Sands during the first quarter worth about $217,000. Finally, Fifth Third Wealth Advisors LLC lifted its stake in Las Vegas Sands by 9.6% during the first quarter. Fifth Third Wealth Advisors LLC now owns 16,075 shares of the casino operator’s stock worth $831,000 after purchasing an additional 1,408 shares during the period. 39.16% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands Stock Down 0.1 %

Las Vegas Sands stock traded down $0.03 during mid-day trading on Tuesday, reaching $51.14. The company’s stock had a trading volume of 190,813 shares, compared to its average volume of 5,747,501. The business’s 50 day simple moving average is $44.46 and its 200 day simple moving average is $44.36. Las Vegas Sands Corp. has a 12 month low of $36.62 and a 12 month high of $55.65. The company has a market capitalization of $38.10 billion, a price-to-earnings ratio of 24.72, a price-to-earnings-growth ratio of 1.48 and a beta of 1.12. 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 announced its quarterly earnings data on Wednesday, July 24th. The casino operator reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Las Vegas Sands had a net margin of 14.08% and a return on equity of 44.41%. The firm had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same period last year, the business earned $0.46 EPS. The business’s revenue was up 8.6% on a year-over-year basis. As a group, research analysts anticipate that Las Vegas Sands Corp. will post 2.45 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Tuesday, August 6th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend was Tuesday, August 6th. Las Vegas Sands’s dividend payout ratio (DPR) is 38.65%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LVS. Susquehanna raised their price target on shares of Las Vegas Sands from $51.00 to $59.00 and gave the stock a “positive” rating in a research note on Wednesday, October 16th. Macquarie dropped their price objective on shares of Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. UBS Group lowered shares of Las Vegas Sands from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $70.00 to $49.00 in a report on Friday, August 23rd. JPMorgan Chase & Co. raised their price objective on shares of Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $57.42.

About Las Vegas Sands

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.