19,000 Shares in Las Vegas Sands Corp. (NYSE:LVS) Purchased by Marathon Trading Investment Management LLC

Marathon Trading Investment Management LLC acquired a new position in Las Vegas Sands Corp. (NYSE:LVS) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 19,000 shares of the casino operator’s stock, valued at approximately $841,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC grew its stake in Las Vegas Sands by 4.3% in the 2nd quarter. Hsbc Holdings PLC now owns 620,611 shares of the casino operator’s stock valued at $27,453,000 after purchasing an additional 25,560 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in Las Vegas Sands by 6.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 23,709 shares of the casino operator’s stock valued at $1,049,000 after buying an additional 1,502 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in Las Vegas Sands by 13.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 9,250 shares of the casino operator’s stock worth $409,000 after buying an additional 1,107 shares during the last quarter. Amalgamated Bank raised its position in Las Vegas Sands by 2.4% in the second quarter. Amalgamated Bank now owns 77,226 shares of the casino operator’s stock worth $3,417,000 after acquiring an additional 1,795 shares during the period. Finally, Charles Lim Capital Ltd raised its position in Las Vegas Sands by 178.3% in the second quarter. Charles Lim Capital Ltd now owns 1,600,000 shares of the casino operator’s stock worth $70,800,000 after acquiring an additional 1,025,000 shares during the period. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Morgan Stanley decreased their price target on shares of 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. Argus downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Stifel Nicolaus decreased their price objective on Las Vegas Sands from $65.00 to $55.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Wells Fargo & Company dropped their price objective on shares of Las Vegas Sands from $58.00 to $53.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Finally, Susquehanna cut their target price on shares of Las Vegas Sands from $59.00 to $51.00 and set a “positive” rating for the company in a research report on Thursday, July 25th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Las Vegas Sands has an average rating of “Moderate Buy” and an average price target of $55.25.

Las Vegas Sands Stock Performance

NYSE LVS opened at $40.79 on Thursday. The company’s 50 day simple moving average is $40.04 and its two-hundred day simple moving average is $44.71. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.58 and a quick ratio of 1.57. Las Vegas Sands Corp. has a 1 year low of $36.62 and a 1 year high of $55.65. The stock has a market capitalization of $30.39 billion, a PE ratio of 19.71, a P/E/G ratio of 1.12 and a beta of 1.11.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, July 24th. The casino operator reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The business had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter last year, the business posted $0.46 EPS. The company’s quarterly revenue was up 8.6% on a year-over-year basis. Analysts predict that Las Vegas Sands Corp. will post 2.46 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Tuesday, August 6th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend was Tuesday, August 6th. Las Vegas Sands’s payout ratio is 38.65%.

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.