Las Vegas Sands (NYSE:LVS) Sees Large Volume Increase

Shares of Las Vegas Sands Corp. (NYSE:LVS) saw unusually-strong trading volume on Tuesday . Approximately 2,301,486 shares were traded during mid-day trading, a decline of 58% from the previous session’s volume of 5,543,096 shares.The stock last traded at $44.63 and had previously closed at $42.13.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on LVS shares. Jefferies Financial Group lowered their price target on Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating for the company in a report on Thursday, July 11th. Barclays lowered their price target on Las Vegas Sands from $57.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft lowered their price target on Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Stifel Nicolaus lowered their price target 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. Finally, Wells Fargo & Company lowered their price objective 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. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $55.25.

Las Vegas Sands Stock Up 5.6 %

The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 3.29. The stock has a 50-day simple moving average of $40.02 and a 200-day simple moving average of $44.48. The company has a market cap of $33.14 billion, a price-to-earnings ratio of 21.78, 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 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.01). The firm had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.82 billion. Las Vegas Sands had a net margin of 14.08% and a return on equity of 44.41%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.46 EPS. As a group, analysts predict that Las Vegas Sands Corp. will post 2.46 EPS for the current 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 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 dividend yield of 1.80%. Las Vegas Sands’s dividend payout ratio (DPR) is 38.65%.

Institutional Trading of Las Vegas Sands

Several institutional investors have recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new stake in shares of Las Vegas Sands in the second quarter valued at $619,000. Clearbridge Investments LLC lifted its holdings in shares of Las Vegas Sands by 29.9% during the second quarter. Clearbridge Investments LLC now owns 833,487 shares of the casino operator’s stock valued at $36,882,000 after purchasing an additional 191,805 shares during the last quarter. Quarry LP lifted its holdings in shares of Las Vegas Sands by 346.4% during the second quarter. Quarry LP now owns 2,692 shares of the casino operator’s stock valued at $119,000 after purchasing an additional 2,089 shares during the last quarter. Creative Planning lifted its holdings in shares of Las Vegas Sands by 2.7% during the second quarter. Creative Planning now owns 83,838 shares of the casino operator’s stock valued at $3,710,000 after purchasing an additional 2,242 shares during the last quarter. Finally, Long Focus Capital Management LLC lifted its holdings in shares of Las Vegas Sands by 1,695.0% during the second quarter. Long Focus Capital Management LLC now owns 359,000 shares of the casino operator’s stock valued at $15,886,000 after purchasing an additional 339,000 shares during the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

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.