Interval Partners LP Increases Stock Holdings in Las Vegas Sands Corp. (NYSE:LVS)

Interval Partners LP boosted its stake in Las Vegas Sands Corp. (NYSE:LVS) by 3.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 144,500 shares of the casino operator’s stock after buying an additional 5,183 shares during the quarter. Interval Partners LP’s holdings in Las Vegas Sands were worth $7,471,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Blue Trust Inc. raised its stake in shares of Las Vegas Sands by 127.0% during the 4th quarter. Blue Trust Inc. now owns 3,305 shares of the casino operator’s stock worth $152,000 after purchasing an additional 1,849 shares during the period. State of Alaska Department of Revenue boosted its stake in Las Vegas Sands by 2.1% in the fourth quarter. State of Alaska Department of Revenue now owns 39,875 shares of the casino operator’s stock valued at $1,962,000 after acquiring an additional 815 shares during the last quarter. Alliance Wealth Management Group bought a new position in shares of Las Vegas Sands during the 4th quarter valued at approximately $310,000. Silverlake Wealth Management LLC purchased a new stake in shares of Las Vegas Sands during the 4th quarter worth approximately $257,000. Finally, State of Michigan Retirement System increased its stake in shares of Las Vegas Sands by 12.2% during the 4th quarter. State of Michigan Retirement System now owns 101,101 shares of the casino operator’s stock worth $4,975,000 after purchasing an additional 11,000 shares during the last quarter. 39.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Mizuho lowered their price objective on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Citigroup upped their price target on shares of Las Vegas Sands from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. StockNews.com lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Jefferies Financial Group dropped their target price on Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating on the stock in a research report on Thursday, July 11th. Finally, Morgan Stanley dropped their price objective on Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating on the stock in a report on Friday, July 12th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Las Vegas Sands has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

Las Vegas Sands Trading Down 0.2 %

LVS traded down $0.08 on Tuesday, hitting $39.47. 6,361,565 shares of the company were exchanged, compared to its average volume of 5,384,547. 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 Corp. has a 12 month low of $38.83 and a 12 month high of $60.47. The firm has a fifty day simple moving average of $43.26 and a two-hundred day simple moving average of $47.83. The stock has a market capitalization of $29.41 billion, a PE ratio of 19.08, a price-to-earnings-growth ratio of 0.90 and a beta of 1.12.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, July 24th. The casino operator reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Las Vegas Sands had a return on equity of 43.61% and a net margin of 14.08%. The firm had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the prior year, the company posted $0.46 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. Sell-side analysts expect that Las Vegas Sands Corp. will post 2.49 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Tuesday, August 6th will be issued a dividend of $0.20 per share. The ex-dividend date is Tuesday, August 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.03%. Las Vegas Sands’s dividend payout ratio (DPR) is 38.65%.

Las Vegas Sands 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.