CVA Family Office LLC Boosts Holdings in Las Vegas Sands Corp. (NYSE:LVS)

CVA Family Office LLC increased its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 118.8% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 560 shares of the casino operator’s stock after purchasing an additional 304 shares during the period. CVA Family Office LLC’s holdings in Las Vegas Sands were worth $28,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Bank & Trust Co purchased a new stake in Las Vegas Sands during the second quarter valued at about $29,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Las Vegas Sands by 93.2% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock valued at $40,000 after acquiring an additional 437 shares during the period. Fidelis Capital Partners LLC bought a new position in Las Vegas Sands during the 1st quarter worth approximately $43,000. GAMMA Investing LLC grew its position in Las Vegas Sands by 40.1% during the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock worth $43,000 after acquiring an additional 243 shares during the last quarter. Finally, Western Pacific Wealth Management LP increased its stake in Las Vegas Sands by 53.5% in the 1st quarter. Western Pacific Wealth Management LP now owns 970 shares of the casino operator’s stock worth $50,000 after purchasing an additional 338 shares during the period. Institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Trading Up 1.7 %

NYSE:LVS opened at $52.87 on Monday. Las Vegas Sands Corp. has a 52 week low of $36.62 and a 52 week high of $55.65. The stock has a market cap of $39.39 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 1.48 and a beta of 1.12. The company’s 50 day moving average price is $42.92 and its 200-day moving average price is $44.41. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 3.29.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, July 24th. The casino operator reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The business had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.82 billion. Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.46 EPS. On average, equities research analysts forecast that Las Vegas Sands Corp. will post 2.45 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Tuesday, August 6th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date was Tuesday, August 6th. Las Vegas Sands’s dividend payout ratio (DPR) is 38.65%.

Wall Street Analyst Weigh In

LVS has been the topic of a number of analyst reports. StockNews.com cut shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Wells Fargo & Company upped their price target on Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Stifel Nicolaus cut their price objective on Las Vegas Sands from $65.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Jefferies Financial Group decreased their target price on Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating for the company in a report on Thursday, July 11th. Finally, Morgan Stanley dropped their price target on Las Vegas Sands from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, September 4th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Las Vegas Sands currently has a consensus rating of “Moderate Buy” and an average target price of $55.83.

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.