24,675 Shares in Las Vegas Sands Corp. (NYSE:LVS) Bought by MBB Public Markets I LLC

MBB Public Markets I LLC acquired a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 24,675 shares of the casino operator’s stock, valued at approximately $1,092,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LVS. Parallel Advisors LLC grew its stake in Las Vegas Sands by 54.8% in the fourth quarter. Parallel Advisors LLC now owns 1,008 shares of the casino operator’s stock valued at $50,000 after acquiring an additional 357 shares during the period. TD Asset Management Inc boosted its position in shares of Las Vegas Sands by 18.5% during the fourth quarter. TD Asset Management Inc now owns 122,717 shares of the casino operator’s stock worth $6,039,000 after buying an additional 19,165 shares during the period. Stifel Financial Corp boosted its position in shares of Las Vegas Sands by 0.6% during the fourth quarter. Stifel Financial Corp now owns 151,429 shares of the casino operator’s stock worth $7,452,000 after buying an additional 957 shares during the period. California State Teachers Retirement System boosted its position in shares of Las Vegas Sands by 9.5% during the fourth quarter. California State Teachers Retirement System now owns 609,990 shares of the casino operator’s stock worth $30,018,000 after buying an additional 53,102 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Las Vegas Sands by 22.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 511,213 shares of the casino operator’s stock worth $25,157,000 after buying an additional 92,729 shares during the period. 39.16% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands Price Performance

NYSE:LVS opened at $50.34 on Tuesday. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 3.29. The stock’s 50 day moving average price is $40.62 and its two-hundred day moving average price is $44.31. The firm has a market capitalization of $37.51 billion, a price-to-earnings ratio of 24.32, a P/E/G ratio of 1.20 and a beta of 1.11. 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 announced its earnings results on Wednesday, July 24th. The casino operator reported $0.55 earnings per share 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 firm had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter last year, the business posted $0.46 EPS. Las Vegas Sands’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts anticipate that Las Vegas Sands Corp. will post 2.45 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.59%. Las Vegas Sands’s payout ratio is presently 38.65%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on LVS shares. Morgan Stanley reduced their price objective on Las Vegas Sands from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, September 4th. UBS Group lowered Las Vegas Sands from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $70.00 to $49.00 in a report on Friday, August 23rd. Susquehanna dropped their target price on Las Vegas Sands from $59.00 to $51.00 and set a “positive” rating on the stock in a report on Thursday, July 25th. Wells Fargo & Company dropped their target price on Las Vegas Sands from $58.00 to $53.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Finally, Jefferies Financial Group dropped their target price on Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating on the stock in a report on Thursday, July 11th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $55.25.

About Las Vegas Sands

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.