Signaturefd LLC Has $125,000 Position in Las Vegas Sands Corp. $LVS

Signaturefd LLC trimmed its position in Las Vegas Sands Corp. (NYSE:LVS) by 9.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,880 shares of the casino operator’s stock after selling 301 shares during the period. Signaturefd LLC’s holdings in Las Vegas Sands were worth $125,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of LVS. Patton Fund Management Inc. bought a new stake in Las Vegas Sands in the second quarter valued at approximately $267,000. CX Institutional grew its holdings in shares of Las Vegas Sands by 13.0% in the 2nd quarter. CX Institutional now owns 7,432 shares of the casino operator’s stock valued at $323,000 after buying an additional 856 shares during the period. Maridea Wealth Management LLC bought a new stake in shares of Las Vegas Sands in the 2nd quarter valued at $1,025,000. Public Employees Retirement System of Ohio raised its stake in Las Vegas Sands by 28.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 438,028 shares of the casino operator’s stock worth $19,059,000 after buying an additional 97,048 shares during the period. Finally, Ballentine Partners LLC bought a new position in Las Vegas Sands during the second quarter worth about $215,000. Institutional investors and hedge funds own 39.16% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on LVS shares. UBS Group increased their price target on Las Vegas Sands from $55.00 to $65.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. Wall Street Zen upgraded Las Vegas Sands from a “hold” rating to a “buy” rating in a research report on Sunday, September 7th. Weiss Ratings restated a “hold (c)” rating on shares of Las Vegas Sands in a report on Saturday, September 27th. Mizuho upped their price target on shares of Las Vegas Sands from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Thursday, July 24th. Finally, Susquehanna lowered their price objective on shares of Las Vegas Sands from $59.00 to $58.00 and set a “positive” rating for the company in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $60.20.

Las Vegas Sands Stock Performance

Shares of LVS opened at $51.07 on Friday. The stock has a market capitalization of $35.05 billion, a price-to-earnings ratio of 25.79, a PEG ratio of 1.84 and a beta of 1.01. Las Vegas Sands Corp. has a 12 month low of $30.18 and a 12 month high of $58.05. The firm has a fifty day simple moving average of $53.95 and a 200 day simple moving average of $45.45. The company has a current ratio of 1.22, a quick ratio of 1.21 and a debt-to-equity ratio of 6.53.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, July 23rd. The casino operator reported $0.79 EPS for the quarter, topping the consensus estimate of $0.53 by $0.26. Las Vegas Sands had a net margin of 12.16% and a return on equity of 55.37%. The firm had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same period in the previous year, the firm posted $0.55 EPS. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. Research analysts forecast that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 13th. Shareholders of record on Tuesday, August 5th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Tuesday, August 5th. Las Vegas Sands’s dividend payout ratio (DPR) is currently 50.51%.

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.