Danske Bank A S Takes Position in Las Vegas Sands Corp. $LVS

Danske Bank A S purchased a new position in Las Vegas Sands Corp. (NYSE:LVS) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 306,502 shares of the casino operator’s stock, valued at approximately $14,157,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of LVS. AQR Capital Management LLC grew its position in Las Vegas Sands by 222.7% in the 4th quarter. AQR Capital Management LLC now owns 9,098,518 shares of the casino operator’s stock valued at $592,223,000 after acquiring an additional 6,279,390 shares during the last quarter. Norges Bank purchased a new stake in shares of Las Vegas Sands during the fourth quarter valued at $364,892,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Las Vegas Sands by 410.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 5,167,553 shares of the casino operator’s stock worth $277,963,000 after purchasing an additional 4,154,753 shares during the last quarter. Amundi grew its holdings in shares of Las Vegas Sands by 157.2% in the first quarter. Amundi now owns 2,864,789 shares of the casino operator’s stock worth $154,355,000 after purchasing an additional 1,750,758 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Las Vegas Sands by 18.7% in the 4th quarter. Bank of New York Mellon Corp now owns 7,893,031 shares of the casino operator’s stock worth $513,757,000 after buying an additional 1,246,206 shares during the period. 39.16% of the stock is owned by institutional investors.

Las Vegas Sands Stock Performance

LVS stock opened at $46.00 on Friday. Las Vegas Sands Corp. has a one year low of $44.21 and a one year high of $70.45. The firm has a market cap of $29.79 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 1.15 and a beta of 0.85. The company has a debt-to-equity ratio of 15.27, a quick ratio of 0.99 and a current ratio of 1.00. The firm has a 50-day simple moving average of $46.77 and a two-hundred day simple moving average of $51.43.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, July 22nd. The casino operator reported $0.59 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.17). The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.31 billion. Las Vegas Sands had a return on equity of 133.90% and a net margin of 12.59%.The company’s revenue was down .7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.66 EPS. On average, equities analysts forecast that Las Vegas Sands Corp. will post 3.09 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Tuesday, August 4th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Tuesday, August 4th. Las Vegas Sands’s payout ratio is currently 46.69%.

Wall Street Analyst Weigh In

LVS has been the subject of a number of research analyst reports. Morgan Stanley decreased their price objective 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, July 27th. Susquehanna dropped their target price on shares of Las Vegas Sands from $64.00 to $63.00 and set a “positive” rating on the stock in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. reduced their target price on shares of Las Vegas Sands from $64.00 to $60.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Stifel Nicolaus decreased their price target on shares of 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. Finally, Jefferies Financial Group boosted their price target on Las Vegas Sands from $61.00 to $63.00 and gave the company a “hold” rating in a report on Thursday, April 23rd. Ten analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Las Vegas Sands has an average rating of “Hold” and an average 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.