Opal Capital LLC Buys New Position in Las Vegas Sands Corp. $LVS

Opal Capital LLC purchased a new position in Las Vegas Sands Corp. (NYSE:LVS) during the 1st quarter, Holdings Channel reports. The fund purchased 16,614 shares of the casino operator’s stock, valued at approximately $895,000.

Several other institutional investors and hedge funds have also modified their holdings of LVS. Mackenzie Financial Corp grew its position in shares of Las Vegas Sands by 0.3% during the 3rd quarter. Mackenzie Financial Corp now owns 53,945 shares of the casino operator’s stock valued at $2,902,000 after acquiring an additional 156 shares during the period. Parallel Advisors LLC raised its holdings in Las Vegas Sands by 7.8% in the 3rd quarter. Parallel Advisors LLC now owns 2,449 shares of the casino operator’s stock worth $132,000 after purchasing an additional 177 shares during the period. &PARTNERS raised its holdings in Las Vegas Sands by 3.2% in the 4th quarter. &PARTNERS now owns 6,930 shares of the casino operator’s stock worth $453,000 after purchasing an additional 214 shares during the period. United Capital Financial Advisors LLC lifted its position in Las Vegas Sands by 5.5% during the third quarter. United Capital Financial Advisors LLC now owns 4,945 shares of the casino operator’s stock valued at $266,000 after purchasing an additional 258 shares in the last quarter. Finally, Kestra Private Wealth Services LLC lifted its position in Las Vegas Sands by 4.2% during the fourth quarter. Kestra Private Wealth Services LLC now owns 6,859 shares of the casino operator’s stock valued at $446,000 after purchasing an additional 279 shares in the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Stock Up 1.1%

Shares of LVS opened at $48.26 on Wednesday. The business’s 50 day moving average is $48.15 and its 200 day moving average is $52.93. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 15.27. Las Vegas Sands Corp. has a 12-month low of $44.21 and a 12-month high of $70.45. The company has a market capitalization of $31.26 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 1.25 and a beta of 0.83.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.17). Las Vegas Sands had a return on equity of 133.90% and a net margin of 12.59%.The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter in the previous year, the company earned $0.66 earnings per share. The company’s revenue for the quarter was down .7% compared to the same quarter last year. Research analysts expect that Las Vegas Sands Corp. will post 3.13 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 12th. Investors of record on Tuesday, August 4th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, August 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.5%. Las Vegas Sands’s dividend payout ratio is currently 46.69%.

Analyst Ratings Changes

Several analysts have issued reports on LVS shares. UBS Group set a $52.00 price target on Las Vegas Sands in a report on Thursday, July 2nd. The Goldman Sachs Group lowered their price objective on Las Vegas Sands from $63.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Stifel Nicolaus cut their price objective on Las Vegas Sands from $74.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Morgan Stanley reduced their target price on shares of Las Vegas Sands from $68.00 to $61.00 and set an “equal weight” rating for the company in a report on Monday. Finally, HSBC raised their target price on shares of Las Vegas Sands from $73.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Eleven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $61.88.

Las Vegas Sands Profile

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.