Acadian Asset Management LLC Invests $527,000 in Las Vegas Sands Corp. (NYSE:LVS)

Acadian Asset Management LLC purchased a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 11,935 shares of the casino operator’s stock, valued at approximately $527,000.

A number of other large investors also recently bought and sold shares of the stock. Bank & Trust Co purchased a new stake in shares of Las Vegas Sands during the 2nd quarter worth about $29,000. Accent Capital Management LLC acquired a new position in Las Vegas Sands in the 4th quarter worth about $39,000. Migdal Insurance & Financial Holdings Ltd. boosted its position in Las Vegas Sands by 93.2% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock worth $40,000 after purchasing an additional 437 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in Las Vegas Sands in the first quarter valued at approximately $43,000. Finally, Parallel Advisors LLC increased its position in shares of Las Vegas Sands by 54.8% in the fourth quarter. Parallel Advisors LLC now owns 1,008 shares of the casino operator’s stock valued at $50,000 after buying an additional 357 shares in the last quarter. 39.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LVS. UBS Group cut shares of Las Vegas Sands from a “buy” rating to a “neutral” rating and dropped their price target for the company from $70.00 to $49.00 in a research note on Friday, August 23rd. Wells Fargo & Company dropped their target price on shares of Las Vegas Sands from $58.00 to $53.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Jefferies Financial Group reduced their price target on shares of Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating for the company in a research report on Thursday, July 11th. Morgan Stanley lowered their price objective on Las Vegas Sands from $55.00 to $50.00 and set an “overweight” rating on the stock in a report on Wednesday, September 4th. Finally, Susquehanna reduced their target price on Las Vegas Sands from $59.00 to $51.00 and set a “positive” rating for the company in a report on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $55.25.

Las Vegas Sands Price Performance

NYSE:LVS opened at $40.79 on Thursday. The stock has a 50 day moving average price of $40.04 and a 200 day moving average price of $44.71. The stock has a market cap of $30.39 billion, a PE ratio of 19.71, a P/E/G ratio of 1.12 and a beta of 1.11. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.57 and a current ratio of 1.58. Las Vegas Sands Corp. has a one year low of $36.62 and a one year high of $55.65.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, July 24th. The casino operator reported $0.55 EPS for the quarter, missing the consensus estimate 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 company 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 firm earned $0.46 EPS. The firm’s revenue was up 8.6% on a year-over-year basis. Equities research analysts expect that Las Vegas Sands Corp. will post 2.46 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

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

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.