Las Vegas Sands (NYSE:LVS) Reaches New 52-Week Low – Should You Sell?

Las Vegas Sands Corp. (NYSE:LVS)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $43.92 and last traded at $44.1170, with a volume of 4701786 shares changing hands. The stock had previously closed at $46.23.

Wall Street Analyst Weigh In

LVS has been the topic of several research reports. The Goldman Sachs Group cut their price target on shares of Las Vegas Sands from $63.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. UBS Group set a $52.00 price objective on Las Vegas Sands in a research note on Thursday, July 2nd. Susquehanna dropped their target price on shares of Las Vegas Sands from $64.00 to $63.00 and set a “positive” rating for the company in a research report on Wednesday, July 22nd. Morgan Stanley dropped their price target on Las Vegas Sands from $68.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Monday, July 27th. Finally, Wells Fargo & Company cut their target price on shares of Las Vegas Sands from $65.00 to $53.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 14th. Ten analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $61.88.

Las Vegas Sands Price Performance

The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 15.27. The stock has a market capitalization of $28.57 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 1.16 and a beta of 0.85. The business has a 50-day simple moving average of $46.57 and a two-hundred day simple moving average of $51.15.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.17). Las Vegas Sands had a return on equity of 133.90% and a net margin of 12.59%.The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same period in the prior year, the firm earned $0.66 EPS. The business’s revenue for the quarter was down .7% on a year-over-year basis. As a group, research analysts predict that Las Vegas Sands Corp. will post 3.09 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Tuesday, August 4th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.7%. The ex-dividend date was Tuesday, August 4th. Las Vegas Sands’s payout ratio is presently 46.69%.

Institutional Trading of Las Vegas Sands

A number of hedge funds have recently bought and sold shares of LVS. International Assets Investment Management LLC purchased a new stake in shares of Las Vegas Sands in the 4th quarter valued at approximately $26,000. DV Equities LLC purchased a new stake in shares of Las Vegas Sands in the fourth quarter valued at $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in shares of Las Vegas Sands in the fourth quarter worth $29,000. Wilmington Savings Fund Society FSB boosted its position in shares of Las Vegas Sands by 254.8% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator’s stock worth $36,000 after buying an additional 400 shares during the period. Finally, Activest Wealth Management grew its holdings in shares of Las Vegas Sands by 1,208.0% during the fourth quarter. Activest Wealth Management now owns 654 shares of the casino operator’s stock valued at $43,000 after buying an additional 604 shares in the last quarter. 39.16% of the stock is owned by hedge funds and other institutional investors.

Las Vegas Sands Company Profile

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.