Voya Investment Management LLC grew its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 18.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,938 shares of the casino operator’s stock after buying an additional 6,449 shares during the quarter. Voya Investment Management LLC’s holdings in Las Vegas Sands were worth $2,422,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Wetherby Asset Management Inc. increased its position in shares of Las Vegas Sands by 6.1% during the second quarter. Wetherby Asset Management Inc. now owns 3,898 shares of the casino operator’s stock worth $230,000 after buying an additional 225 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its stake in Las Vegas Sands by 40.5% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 170,767 shares of the casino operator’s stock worth $10,091,000 after buying an additional 49,230 shares during the period. Janney Montgomery Scott LLC grew its stake in Las Vegas Sands by 1.0% in the second quarter. Janney Montgomery Scott LLC now owns 75,670 shares of the casino operator’s stock valued at $4,471,000 after acquiring an additional 720 shares during the period. First Trust Advisors LP increased its holdings in shares of Las Vegas Sands by 54.1% during the second quarter. First Trust Advisors LP now owns 358,970 shares of the casino operator’s stock valued at $21,212,000 after acquiring an additional 126,073 shares in the last quarter. Finally, Grimes & Company Inc. raised its position in shares of Las Vegas Sands by 1.9% during the second quarter. Grimes & Company Inc. now owns 103,137 shares of the casino operator’s stock worth $6,094,000 after purchasing an additional 1,882 shares during the period. Institutional investors own 36.28% of the company’s stock.
Shares of Las Vegas Sands stock traded down $0.26 on Tuesday, reaching $69.04. The stock had a trading volume of 1,846,900 shares, compared to its average volume of 4,118,849. The business’s 50 day moving average is $65.16 and its two-hundred day moving average is $60.17. The company has a market cap of $53.13 billion, a P/E ratio of 20.80, a price-to-earnings-growth ratio of 9.22 and a beta of 1.61. The company has a current ratio of 1.60, a quick ratio of 1.59 and a debt-to-equity ratio of 1.82. Las Vegas Sands Corp. has a 1 year low of $50.89 and a 1 year high of $70.34.
Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.75 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.75. Las Vegas Sands had a net margin of 13.86% and a return on equity of 37.04%. The firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.30 billion. During the same quarter last year, the company posted $0.77 EPS. The business’s quarterly revenue was down 3.6% on a year-over-year basis. On average, equities analysts anticipate that Las Vegas Sands Corp. will post 3.15 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Tuesday, December 17th were issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 4.46%. The ex-dividend date was Monday, December 16th. Las Vegas Sands’s dividend payout ratio is presently 92.77%.
LVS has been the topic of several recent research reports. Credit Suisse Group reaffirmed a “hold” rating and issued a $62.00 price target on shares of Las Vegas Sands in a research report on Monday, October 28th. Roth Capital restated a “buy” rating on shares of Las Vegas Sands in a research note on Thursday, October 24th. JPMorgan Chase & Co. cut their price target on shares of Las Vegas Sands from $68.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday, September 6th. Morgan Stanley reduced their target price on Las Vegas Sands from $68.00 to $66.00 and set an “overweight” rating for the company in a report on Tuesday, September 17th. Finally, Standpoint Research initiated coverage on Las Vegas Sands in a research note on Wednesday, September 4th. They issued a “buy” rating for the company. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Las Vegas Sands has a consensus rating of “Hold” and a consensus price target of $67.40.
Las Vegas Sands Profile
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.
Recommended Story: Green Investing
Receive News & Ratings for Las Vegas Sands Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Las Vegas Sands and related companies with MarketBeat.com’s FREE daily email newsletter.