Anomaly Capital Management LP Has $20.21 Million Stock Position in Las Vegas Sands Corp. (NYSE:LVS)

Anomaly Capital Management LP cut its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 79.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 456,806 shares of the casino operator’s stock after selling 1,743,483 shares during the quarter. Las Vegas Sands accounts for about 0.8% of Anomaly Capital Management LP’s investment portfolio, making the stock its 27th largest holding. Anomaly Capital Management LP owned 0.06% of Las Vegas Sands worth $20,214,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Bank & Trust Co acquired a new stake in Las Vegas Sands during the second quarter valued at $29,000. Accent Capital Management LLC bought a new position in Las Vegas Sands during the fourth quarter valued at approximately $39,000. Fidelis Capital Partners LLC acquired a new stake in Las Vegas Sands in the first quarter valued at approximately $43,000. Migdal Insurance & Financial Holdings Ltd. grew its position in Las Vegas Sands by 93.2% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock worth $40,000 after acquiring an additional 437 shares in the last quarter. Finally, Western Pacific Wealth Management LP increased its stake in shares of Las Vegas Sands by 53.5% during the 1st quarter. Western Pacific Wealth Management LP now owns 970 shares of the casino operator’s stock worth $50,000 after purchasing an additional 338 shares during the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LVS. Stifel Nicolaus reduced their price objective on shares of Las Vegas Sands from $65.00 to $55.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. StockNews.com lowered Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Wells Fargo & Company decreased 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. Macquarie dropped their price target on Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $55.25.

Las Vegas Sands Stock Down 0.3 %

Shares of LVS stock opened at $41.98 on Monday. Las Vegas Sands Corp. has a one year low of $36.62 and a one year high of $55.65. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.58 and a quick ratio of 1.57. The stock has a fifty day moving average price of $40.02 and a 200 day moving average price of $44.55. The stock has a market cap of $31.28 billion, a P/E 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 issued its earnings results 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 company had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same period in the previous year, the company posted $0.46 earnings per share. 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 year.

Las Vegas Sands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Tuesday, August 6th were paid a $0.20 dividend. The ex-dividend date 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 is presently 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.