73,804 Shares in Las Vegas Sands Corp. $LVS Bought by Sciencast Management LP

Sciencast Management LP bought a new position in Las Vegas Sands Corp. (NYSE:LVS) during the first quarter, according to its most recent filing with the SEC. The firm bought 73,804 shares of the casino operator’s stock, valued at approximately $2,851,000.

Other large investors also recently modified their holdings of the company. Center for Financial Planning Inc. bought a new position in shares of Las Vegas Sands in the 1st quarter worth $42,000. Farther Finance Advisors LLC lifted its holdings in shares of Las Vegas Sands by 133.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,499 shares of the casino operator’s stock worth $59,000 after purchasing an additional 856 shares in the last quarter. Neo Ivy Capital Management bought a new position in shares of Las Vegas Sands in the 1st quarter worth $127,000. Golden State Wealth Management LLC lifted its holdings in shares of Las Vegas Sands by 103.2% in the 1st quarter. Golden State Wealth Management LLC now owns 3,587 shares of the casino operator’s stock worth $139,000 after purchasing an additional 1,822 shares in the last quarter. Finally, AlphaQuest LLC bought a new position in shares of Las Vegas Sands in the 1st quarter worth $153,000. 39.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LVS has been the topic of a number of recent research reports. The Goldman Sachs Group initiated coverage on Las Vegas Sands in a report on Monday, July 7th. They issued a “neutral” rating and a $52.00 target price on the stock. Argus upgraded Las Vegas Sands from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Monday, July 28th. JPMorgan Chase & Co. raised their target price on Las Vegas Sands from $47.00 to $56.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Citigroup restated a “buy” rating on shares of Las Vegas Sands in a report on Wednesday, July 9th. Finally, Barclays raised their target price on Las Vegas Sands from $57.00 to $58.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $59.00.

Las Vegas Sands Stock Down 2.5%

Shares of NYSE:LVS opened at $53.71 on Monday. The company has a market capitalization of $36.87 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 1.96 and a beta of 1.04. The company has a debt-to-equity ratio of 6.53, a current ratio of 1.22 and a quick ratio of 1.21. The business has a fifty day moving average price of $52.08 and a two-hundred day moving average price of $44.17. Las Vegas Sands Corp. has a 1 year low of $30.18 and a 1 year high of $58.05.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, July 23rd. The casino operator reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.26. The firm had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $2.83 billion. Las Vegas Sands had a return on equity of 55.37% and a net margin of 12.16%.The business’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 EPS. Analysts forecast that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 13th. Shareholders of record on Tuesday, August 5th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Tuesday, August 5th. Las Vegas Sands’s dividend payout ratio is 50.51%.

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.