Harbour Investments Inc. Grows Stock Holdings in Las Vegas Sands Corp. $LVS

Harbour Investments Inc. lifted its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 21.4% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,401 shares of the casino operator’s stock after buying an additional 247 shares during the quarter. Harbour Investments Inc.’s holdings in Las Vegas Sands were worth $61,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of LVS. MassMutual Private Wealth & Trust FSB lifted its stake in Las Vegas Sands by 37.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 876 shares of the casino operator’s stock worth $38,000 after purchasing an additional 239 shares in the last quarter. Hilltop National Bank purchased a new stake in Las Vegas Sands in the 2nd quarter worth $44,000. UMB Bank n.a. lifted its stake in Las Vegas Sands by 53.8% in the 2nd quarter. UMB Bank n.a. now owns 1,361 shares of the casino operator’s stock worth $59,000 after purchasing an additional 476 shares in the last quarter. Parallel Advisors LLC lifted its stake in Las Vegas Sands by 27.4% in the 2nd quarter. Parallel Advisors LLC now owns 2,272 shares of the casino operator’s stock worth $99,000 after purchasing an additional 488 shares in the last quarter. Finally, Neo Ivy Capital Management purchased a new stake in Las Vegas Sands in the 1st quarter worth $127,000. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Analyst Upgrades and Downgrades

LVS has been the topic of several research analyst reports. Mizuho boosted their price target on shares of Las Vegas Sands from $56.00 to $63.00 and gave the stock an “outperform” rating in a research note on Thursday. UBS Group boosted their price target on shares of Las Vegas Sands from $55.00 to $65.00 and gave the stock a “neutral” rating in a research note on Thursday, August 28th. Bank of America boosted their price target on shares of Las Vegas Sands from $52.50 to $58.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Zacks Research upgraded shares of Las Vegas Sands from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Finally, Stifel Nicolaus upped their target price on shares of Las Vegas Sands from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Las Vegas Sands presently has an average rating of “Moderate Buy” and a consensus price target of $63.33.

Las Vegas Sands Stock Up 12.3%

Shares of NYSE LVS opened at $56.83 on Friday. The firm’s 50-day moving average price is $53.28 and its 200-day moving average price is $46.54. The company has a current ratio of 1.22, a quick ratio of 1.21 and a debt-to-equity ratio of 6.53. The stock has a market capitalization of $39.01 billion, a price-to-earnings ratio of 25.71, a P/E/G ratio of 1.82 and a beta of 1.01. Las Vegas Sands Corp. has a 12-month low of $30.18 and a 12-month high of $58.05.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, October 22nd. The casino operator reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.16. The firm had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.04 billion. Las Vegas Sands had a net margin of 12.69% and a return on equity of 66.94%. The business’s revenue was up 24.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 EPS. On average, equities research analysts anticipate that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Tuesday, November 4th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.8%. The ex-dividend date is Tuesday, November 4th. Las Vegas Sands’s dividend payout ratio is presently 50.51%.

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.