FCF Advisors LLC Boosts Stake in Las Vegas Sands Corp. (NYSE:LVS)

FCF Advisors LLC grew its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 51.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 60,614 shares of the casino operator’s stock after acquiring an additional 20,621 shares during the period. FCF Advisors LLC’s holdings in Las Vegas Sands were worth $3,051,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of LVS. GAMMA Investing LLC boosted its holdings in Las Vegas Sands by 40.1% in the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock worth $43,000 after buying an additional 243 shares during the period. Czech National Bank boosted its holdings in Las Vegas Sands by 0.5% in the 1st quarter. Czech National Bank now owns 64,974 shares of the casino operator’s stock valued at $3,359,000 after purchasing an additional 319 shares during the period. Western Pacific Wealth Management LP boosted its holdings 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 valued at $50,000 after purchasing an additional 338 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Las Vegas Sands by 0.8% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 53,098 shares of the casino operator’s stock valued at $2,350,000 after purchasing an additional 401 shares during the period. Finally, Game Plan Financial Advisors LLC boosted its holdings in Las Vegas Sands by 1.4% in the 1st quarter. Game Plan Financial Advisors LLC now owns 31,882 shares of the casino operator’s stock valued at $1,648,000 after purchasing an additional 435 shares during the period. 39.16% of the stock is owned by institutional investors.

Las Vegas Sands Trading Down 3.0 %

Shares of LVS traded down $1.59 during trading hours on Tuesday, reaching $51.74. 2,651,729 shares of the company traded hands, compared to its average volume of 5,806,491. The company’s fifty day moving average price is $41.86 and its two-hundred day moving average price is $44.37. The company has a market capitalization of $38.55 billion, a price-to-earnings ratio of 24.82, a price-to-earnings-growth ratio of 1.20 and a beta of 1.12. 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 Corp. has a 12 month low of $36.62 and a 12 month high of $55.65.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data 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 business had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the previous year, the firm earned $0.46 EPS. The company’s revenue was up 8.6% on a year-over-year basis. Equities research analysts predict that Las Vegas Sands Corp. will post 2.45 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. Investors of record on Tuesday, August 6th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.55%. The ex-dividend date was Tuesday, August 6th. Las Vegas Sands’s payout ratio is currently 38.65%.

Analysts Set New Price Targets

Several analysts have recently weighed in on LVS shares. Argus cut shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Wells Fargo & Company raised their price objective on shares of Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Las Vegas Sands from $61.00 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 shares of Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating on the stock in a research report on Thursday, July 11th. Finally, Barclays decreased their target price on shares of Las Vegas Sands from $57.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.