Easterly Investment Partners LLC Makes New $1.03 Million Investment in Las Vegas Sands Corp. (NYSE:LVS)

Easterly Investment Partners LLC purchased a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,200 shares of the casino operator’s stock, valued at approximately $1,027,000.

Several other large investors have also modified their holdings of LVS. Clearbridge Investments LLC raised its position in Las Vegas Sands by 3.1% during the 4th quarter. Clearbridge Investments LLC now owns 629,182 shares of the casino operator’s stock worth $30,962,000 after buying an additional 19,200 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Las Vegas Sands by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 37,107,775 shares of the casino operator’s stock valued at $1,918,472,000 after purchasing an additional 209,589 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Las Vegas Sands by 27.6% in the 1st quarter. Nordea Investment Management AB now owns 891,796 shares of the casino operator’s stock valued at $46,124,000 after purchasing an additional 193,110 shares in the last quarter. ARGA Investment Management LP increased its position in Las Vegas Sands by 6.4% during the 1st 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. Finally, Northern Trust Corp raised its stake in shares of Las Vegas Sands by 3.2% during the 4th quarter. Northern Trust Corp now owns 2,964,600 shares of the casino operator’s stock worth $145,888,000 after buying an additional 91,075 shares in the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Trading Down 0.3 %

NYSE:LVS traded down $0.12 on Monday, reaching $40.48. The stock had a trading volume of 875,137 shares, compared to its average volume of 5,454,870. Las Vegas Sands Corp. has a 12-month low of $36.62 and a 12-month high of $55.73. The firm’s fifty day moving average is $41.38 and its two-hundred day moving average is $46.45. The company has a market cap of $30.16 billion, a price-to-earnings ratio of 19.61, a P/E/G ratio of 1.04 and a beta of 1.12. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.58 and a quick ratio of 1.29.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, July 24th. The casino operator reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.01). The business had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.46 earnings per share. Equities analysts expect that Las Vegas Sands Corp. will post 2.48 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Tuesday, August 6th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.80 annualized dividend and a dividend yield of 1.98%. Las Vegas Sands’s dividend payout ratio is presently 38.65%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. UBS Group lowered shares of Las Vegas Sands from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $70.00 to $49.00 in a research report on Friday. Argus lowered Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Stifel Nicolaus lowered their price target on Las Vegas Sands from $65.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft decreased their target price on Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Finally, StockNews.com lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $55.67.

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.