Las Vegas Sands Corp. (NYSE:LVS) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp boosted its holdings in shares of Las Vegas Sands Corp. (NYSE:LVSFree Report) by 58.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 162,442 shares of the casino operator’s stock after purchasing an additional 59,924 shares during the period. Van ECK Associates Corp’s holdings in Las Vegas Sands were worth $8,398,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. LPL Financial LLC grew its stake in Las Vegas Sands by 21.8% during the 3rd quarter. LPL Financial LLC now owns 163,638 shares of the casino operator’s stock valued at $7,501,000 after acquiring an additional 29,323 shares in the last quarter. Gotham Asset Management LLC lifted its position in Las Vegas Sands by 172.9% in the 3rd quarter. Gotham Asset Management LLC now owns 16,654 shares of the casino operator’s stock worth $763,000 after buying an additional 10,552 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Las Vegas Sands by 27.9% during the 3rd quarter. Schroder Investment Management Group now owns 2,850,081 shares of the casino operator’s stock valued at $130,648,000 after buying an additional 622,480 shares during the period. Royal London Asset Management Ltd. grew its holdings in shares of Las Vegas Sands by 13.6% during the 3rd quarter. Royal London Asset Management Ltd. now owns 128,580 shares of the casino operator’s stock valued at $5,896,000 after acquiring an additional 15,365 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Las Vegas Sands by 73.7% in the third quarter. The Manufacturers Life Insurance Company now owns 418,484 shares of the casino operator’s stock worth $19,183,000 after acquiring an additional 177,589 shares during the last quarter. 39.16% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands Trading Down 1.1 %

Shares of NYSE:LVS opened at $42.09 on Friday. The company has a market cap of $31.36 billion, a P/E ratio of 20.33, a P/E/G ratio of 0.76 and a beta of 1.12. The stock’s 50-day moving average is $44.90 and its 200-day moving average is $48.78. Las Vegas Sands Corp. has a 52-week low of $41.94 and a 52-week high of $61.25. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.29 and a current ratio of 1.30.

Las Vegas Sands (NYSE:LVSGet Free Report) last released its earnings results on Wednesday, April 17th. The casino operator reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.13. The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.94 billion. Las Vegas Sands had a return on equity of 42.34% and a net margin of 13.99%. The firm’s revenue for the quarter was up 34.9% compared to the same quarter last year. During the same period last year, the business earned $0.28 earnings per share. Equities research analysts predict that Las Vegas Sands Corp. will post 2.69 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, May 7th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Monday, May 6th. Las Vegas Sands’s payout ratio is 38.65%.

Wall Street Analysts Forecast Growth

LVS has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft cut their price objective on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Wells Fargo & Company cut their price objective on Las Vegas Sands from $60.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday. Mizuho cut their price objective on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, April 18th. StockNews.com upgraded Las Vegas Sands from a “hold” rating to a “buy” rating in a report on Wednesday, April 10th. Finally, Jefferies Financial Group cut their target price on Las Vegas Sands from $54.00 to $53.00 and set a “hold” rating on the stock in a report on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $63.15.

View Our Latest Research Report on LVS

Las Vegas Sands Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Las Vegas Sands (NYSE:LVS)

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