Maverick Capital Ltd. Acquires New Holdings in Las Vegas Sands Corp. (NYSE:LVS)

Maverick Capital Ltd. bought a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 42,174 shares of the casino operator’s stock, valued at approximately $1,866,000.

A number of other institutional investors have also recently bought and sold shares of LVS. Vanguard Group Inc. increased its position in shares of Las Vegas Sands by 0.6% during the first quarter. Vanguard Group Inc. now owns 37,107,775 shares of the casino operator’s stock worth $1,918,472,000 after acquiring an additional 209,589 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Las Vegas Sands by 1.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,170,552 shares of the casino operator’s stock worth $1,663,219,000 after purchasing an additional 531,799 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Las Vegas Sands by 15.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 11,351,573 shares of the casino operator’s stock valued at $502,307,000 after purchasing an additional 1,536,754 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Las Vegas Sands by 6.3% in the fourth quarter. Fisher Asset Management LLC now owns 11,263,604 shares of the casino operator’s stock valued at $554,282,000 after purchasing an additional 669,052 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Las Vegas Sands by 0.8% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,500,248 shares of the casino operator’s stock worth $376,136,000 after buying an additional 68,568 shares during the period. Institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Stock Up 5.6 %

Shares of LVS stock opened at $51.12 on Friday. Las Vegas Sands Corp. has a 52-week low of $36.62 and a 52-week high of $55.65. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.57 and a current ratio of 1.58. The stock has a market cap of $38.09 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 1.20 and a beta of 1.11. The firm’s 50-day moving average is $40.45 and its 200-day moving average is $44.45.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data 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). The business 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 business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.46 earnings per share. Sell-side analysts predict that Las Vegas Sands Corp. will post 2.45 EPS for the current year.

Las Vegas Sands Dividend Announcement

The business also recently disclosed 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 was Tuesday, August 6th. This represents a $0.80 annualized dividend and a dividend yield of 1.56%. Las Vegas Sands’s dividend payout ratio is currently 38.65%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on LVS shares. Barclays cut their target price on Las Vegas Sands from $57.00 to $52.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Morgan Stanley cut their price objective on shares of Las Vegas Sands from $55.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 4th. UBS Group downgraded shares of Las Vegas Sands from a “buy” rating to a “neutral” rating and decreased their target price for the company from $70.00 to $49.00 in a research report on Friday, August 23rd. StockNews.com cut shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, Susquehanna decreased their price objective 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 given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $55.25.

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.