Amalgamated Bank Grows Stake in Las Vegas Sands Corp. (NYSE:LVS)

Amalgamated Bank boosted its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 2.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,226 shares of the casino operator’s stock after buying an additional 1,795 shares during the period. Amalgamated Bank’s holdings in Las Vegas Sands were worth $3,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Bank & Trust Co acquired a new position in shares of Las Vegas Sands in the 2nd quarter valued at about $29,000. Accent Capital Management LLC acquired a new position in shares of Las Vegas Sands during the 4th quarter worth approximately $39,000. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of 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 buying an additional 437 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in Las Vegas Sands in the 1st quarter worth $43,000. Finally, Parallel Advisors LLC raised its position in Las Vegas Sands by 54.8% during the fourth quarter. Parallel Advisors LLC now owns 1,008 shares of the casino operator’s stock worth $50,000 after acquiring an additional 357 shares during the period. 39.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LVS. Morgan Stanley dropped their target price on shares of Las Vegas Sands from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday, September 4th. Wells Fargo & Company cut their target price on Las Vegas Sands from $58.00 to $53.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Susquehanna cut their price objective on 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. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Finally, StockNews.com downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $55.25.

Las Vegas Sands Trading Down 0.3 %

NYSE:LVS opened at $41.98 on Monday. The stock has a fifty day moving average price of $40.02 and a 200 day moving average price of $44.55. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 3.29. Las Vegas Sands Corp. has a 12-month low of $36.62 and a 12-month high of $55.65. The firm has a market cap of $31.28 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 1.12 and a beta of 1.11.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, July 24th. The casino operator reported $0.55 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 company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same period in the prior year, the firm posted $0.46 earnings per share. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. Sell-side analysts anticipate that Las Vegas Sands Corp. will post 2.46 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Tuesday, August 6th were given 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 1.91%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 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.