MAI Capital Management acquired a new position in Las Vegas Sands Corp. (NYSE:LVS) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,074 shares of the casino operator’s stock, valued at approximately $235,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Point72 Asia Hong Kong Ltd acquired a new stake in shares of Las Vegas Sands during the first quarter worth $118,000. Flagship Harbor Advisors LLC purchased a new position in shares of Las Vegas Sands during the second quarter valued at $135,000. Summit Trail Advisors LLC grew its holdings in shares of Las Vegas Sands by 6,587.3% during the first quarter. Summit Trail Advisors LLC now owns 196,072 shares of the casino operator’s stock valued at $196,000 after buying an additional 193,140 shares in the last quarter. All Terrain Financial Advisors LLC purchased a new position in shares of Las Vegas Sands during the first quarter valued at $201,000. Finally, Zacks Investment Management purchased a new position in shares of Las Vegas Sands during the second quarter valued at $202,000. 38.54% of the stock is currently owned by institutional investors.

Shares of NYSE LVS traded up $0.66 during trading hours on Friday, hitting $56.15. 5,193,777 shares of the company’s stock were exchanged, compared to its average volume of 3,830,230. Las Vegas Sands Corp. has a 1-year low of $55.05 and a 1-year high of $81.45. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.68 and a current ratio of 1.70. The stock has a market capitalization of $46.75 billion, a PE ratio of 18.47 and a beta of 1.56.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, July 25th. The casino operator reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.06). Las Vegas Sands had a return on equity of 35.22% and a net margin of 28.06%. The business had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same period in the prior year, the firm posted $0.73 EPS. Las Vegas Sands’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, equities research analysts forecast that Las Vegas Sands Corp. will post 3.52 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 27th. Investors of record on Wednesday, September 19th were given a dividend of $0.75 per share. The ex-dividend date was Tuesday, September 18th. This represents a $3.00 annualized dividend and a dividend yield of 5.34%. Las Vegas Sands’s dividend payout ratio is presently 98.68%.

A number of brokerages have recently weighed in on LVS. Zacks Investment Research downgraded Las Vegas Sands from a “strong-buy” rating to a “hold” rating in a report on Monday, June 18th. Bank of America downgraded Las Vegas Sands from a “buy” rating to a “neutral” rating and lowered their price target for the company from $85.00 to $80.00 in a report on Monday, July 2nd. Morgan Stanley lifted their price target on Las Vegas Sands from $85.00 to $86.00 and gave the company an “overweight” rating in a report on Tuesday, June 26th. Nomura lowered their target price on Las Vegas Sands from $76.00 to $72.00 and set a “neutral” rating on the stock in a research note on Monday, July 9th. Finally, Stifel Nicolaus lowered their target price on Las Vegas Sands from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Thursday, July 26th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. Las Vegas Sands has a consensus rating of “Hold” and a consensus target price of $77.00.

In other news, COO Robert G. Goldstein purchased 10,000 shares of the business’s stock in a transaction on Tuesday, July 31st. The stock was purchased at an average price of $71.13 per share, with a total value of $711,300.00. Following the acquisition, the chief operating officer now directly owns 10,000 shares in the company, valued at approximately $711,300. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Lawrence A. Jacobs sold 66,667 shares of the company’s stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $60.95, for a total value of $4,063,353.65. Following the completion of the transaction, the executive vice president now directly owns 66,667 shares of the company’s stock, valued at approximately $4,063,353.65. The disclosure for this sale can be found here. 10.20% of the stock is currently owned by insiders.

Las Vegas Sands Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.

See Also: Stock Split

Institutional Ownership by Quarter for Las Vegas Sands (NYSE:LVS)

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