Las Vegas Sands (NYSE:LVS) Hits New 52-Week Low – What’s Next?

Las Vegas Sands Corp. (NYSE:LVS) reached a new 52-week low during trading on Wednesday . The stock traded as low as $43.06 and last traded at $43.0250, with a volume of 1400164 shares traded. The stock had previously closed at $43.98.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Bank of America dropped their price objective on Las Vegas Sands from $70.00 to $60.00 and set a “neutral” rating for the company in a report on Monday, July 20th. Citigroup dropped their price target on Las Vegas Sands from $78.50 to $73.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. Mizuho dropped their target price on Las Vegas Sands from $67.00 to $61.00 and set an “outperform” rating on the stock in a research report on Thursday, July 23rd. Stifel Nicolaus reduced 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 report on Thursday, July 23rd. Finally, Morgan Stanley dropped their price objective on shares of Las Vegas Sands from $68.00 to $61.00 and set an “equal weight” rating on the stock in a report on Monday, July 27th. Ten research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $61.88.

Las Vegas Sands Price Performance

The company has a debt-to-equity ratio of 15.27, a current ratio of 1.00 and a quick ratio of 0.99. The stock has a fifty day simple moving average of $45.87 and a 200-day simple moving average of $50.11. The company has a market capitalization of $27.63 billion, a price-to-earnings ratio of 16.60, a P/E/G ratio of 1.07 and a beta of 0.83.

Las Vegas Sands (NYSE:LVS) last posted its 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 net margin of 12.59% and a return on equity of 133.90%. The firm had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.31 billion. During the same period last year, the firm earned $0.66 earnings per share. Las Vegas Sands’s revenue for the quarter was down .7% compared to the same quarter last year. On average, equities research analysts anticipate that Las Vegas Sands Corp. will post 3.09 EPS for the current year.

Las Vegas Sands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Tuesday, August 4th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, August 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.8%. Las Vegas Sands’s dividend payout ratio (DPR) is 46.69%.

Hedge Funds Weigh In On Las Vegas Sands

A number of large investors have recently bought and sold shares of LVS. SG Americas Securities LLC boosted its stake in shares of Las Vegas Sands by 74.2% in the first quarter. SG Americas Securities LLC now owns 1,529,236 shares of the casino operator’s stock valued at $82,395,000 after purchasing an additional 651,214 shares during the period. Fieldview Capital Management LLC acquired a new stake in Las Vegas Sands during the 4th quarter worth approximately $4,561,000. The Manufacturers Life Insurance Company acquired a new stake in Las Vegas Sands during the 2nd quarter worth approximately $107,407,000. CenterBook Partners LP purchased a new position in Las Vegas Sands in the 4th quarter valued at approximately $4,588,000. Finally, Westpac Banking Corp boosted its position in Las Vegas Sands by 6,889.2% in the 4th quarter. Westpac Banking Corp now owns 51,021 shares of the casino operator’s stock valued at $3,321,000 after buying an additional 50,291 shares during the period. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Company Profile

Las Vegas Sands Corp. (NYSE: LVS) develops and operates integrated resorts that combine casino gaming with hotels, convention and meeting facilities, dining, retail, entertainment and other leisure offerings. The company primarily serves international tourism, business travel and premium gaming markets.

Las Vegas Sands’ principal properties are Marina Bay Sands in Singapore and a portfolio of integrated resorts in Macao, including The Venetian Macao, The Londoner Macao, The Parisian Macao and Four Seasons Hotel Macao.