V Square Quantitative Management LLC Grows Position in Las Vegas Sands Corp. (NYSE:LVS)

V Square Quantitative Management LLC increased its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 21.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,880 shares of the casino operator’s stock after acquiring an additional 876 shares during the quarter. V Square Quantitative Management LLC’s holdings in Las Vegas Sands were worth $216,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in LVS. Clearbridge Investments LLC lifted its position in shares of Las Vegas Sands by 3.1% during the fourth quarter. Clearbridge Investments LLC now owns 629,182 shares of the casino operator’s stock valued at $30,962,000 after buying an additional 19,200 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Las Vegas Sands by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 37,107,775 shares of the casino operator’s stock valued at $1,918,472,000 after purchasing an additional 209,589 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Las Vegas Sands by 27.6% in the 1st quarter. Nordea Investment Management AB now owns 891,796 shares of the casino operator’s stock valued at $46,124,000 after purchasing an additional 193,110 shares during the last quarter. ARGA Investment Management LP raised its position in shares of Las Vegas Sands by 6.4% in the 1st quarter. ARGA Investment Management LP now owns 3,308,987 shares of the casino operator’s stock valued at $171,075,000 after purchasing an additional 198,413 shares during the last quarter. Finally, AM Squared Ltd purchased a new position in shares of Las Vegas Sands in the 4th quarter valued at approximately $3,076,000. 39.16% of the stock is owned by hedge funds and other institutional investors.

Las Vegas Sands Stock Performance

Las Vegas Sands stock remained flat at $39.38 during trading on Wednesday. 4,293,912 shares of the company were exchanged, compared to its average volume of 5,468,637. The company has a fifty day moving average of $41.94 and a 200-day moving average of $47.02. Las Vegas Sands Corp. has a 1 year low of $36.62 and a 1 year high of $55.73. The company has a market capitalization of $29.34 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 1.04 and a beta of 1.12. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.58 and a quick ratio of 1.29.

Las Vegas Sands (NYSE:LVS) last released its quarterly 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). The company 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%. Las Vegas Sands’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.46 EPS. Analysts anticipate that Las Vegas Sands Corp. will post 2.48 EPS for the current year.

Las Vegas Sands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Tuesday, August 6th will be issued a $0.20 dividend. The ex-dividend date is Tuesday, August 6th. This represents a $0.80 dividend on an annualized basis and a yield of 2.03%. Las Vegas Sands’s payout ratio is currently 38.65%.

Analysts Set New Price Targets

LVS has been the topic of several research reports. JPMorgan Chase & Co. cut their price target on shares of Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. Macquarie cut their price target on shares of Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Morgan Stanley cut their price target on shares of Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating on the stock in a report on Friday, July 12th. Mizuho cut their price target on shares of Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Finally, Barclays dropped their price objective on shares of 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. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $58.00.

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.