Las Vegas Sands (NYSE:LVS) Sets New 52-Week Low – Should You Sell?

Shares of Las Vegas Sands Corp. (NYSE:LVS) reached a new 52-week low on Wednesday. The company traded as low as $38.06 and last traded at $38.0790, with a volume of 2763545 shares trading hands. The stock had previously closed at $38.32.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on LVS shares. HC Wainwright lowered shares of Las Vegas Sands to a “neutral” rating in a report on Thursday, July 30th. Mizuho cut their price target on shares of Las Vegas Sands from $67.00 to $61.00 and set an “outperform” rating on the stock in a report on Thursday, July 23rd. Citigroup reduced their price objective on shares of Las Vegas Sands from $73.00 to $71.50 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Wolfe Research initiated coverage on shares of Las Vegas Sands in a research note on Wednesday, September 2nd. They issued a “peer perform” rating for the company. Finally, Susquehanna dropped their target price on Las Vegas Sands from $64.00 to $63.00 and set a “positive” rating for the company in a research report on Wednesday, July 22nd. Ten investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $59.84.

Las Vegas Sands Stock Down 0.9%

The company has a market cap of $24.58 billion, a PE ratio of 14.79, a P/E/G ratio of 0.96 and a beta of 0.83. The company’s 50 day moving average is $44.38 and its 200 day moving average is $48.73. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 15.27.

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). The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.31 billion. Las Vegas Sands had a net margin of 12.59% and a return on equity of 133.90%. The business’s revenue was down .7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.66 EPS. As a group, analysts predict that Las Vegas Sands Corp. will post 3.09 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Tuesday, August 4th were paid a dividend of $0.30 per share. The ex-dividend date was Tuesday, August 4th. This represents a $1.20 annualized dividend and a dividend yield of 3.2%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 46.69%.

Institutional Trading of Las Vegas Sands

Several institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp lifted its stake in Las Vegas Sands by 6.5% in the second quarter. State Street Corp now owns 15,159,570 shares of the casino operator’s stock worth $700,221,000 after acquiring an additional 919,452 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Las Vegas Sands by 4.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 8,582,962 shares of the casino operator’s stock valued at $462,450,000 after purchasing an additional 396,705 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of 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 valued at $513,757,000 after purchasing an additional 1,246,206 shares in the last quarter. Norges Bank purchased a new stake in shares of Las Vegas Sands in the 4th quarter worth approximately $364,892,000. Finally, Allianz Asset Management GmbH lifted its position in shares of Las Vegas Sands by 36.9% in the 2nd quarter. Allianz Asset Management GmbH now owns 4,617,148 shares of the casino operator’s stock worth $213,266,000 after purchasing an additional 1,244,943 shares during the period. 39.16% of the stock is currently owned by institutional investors.

About Las Vegas Sands

Las Vegas Sands Corp. (NYSE: LVS) is a global developer and operator of integrated resorts that combine casino gaming with hotels, convention and exhibition facilities, retail, dining and entertainment venues. The company’s properties are designed to serve leisure travelers, business visitors and convention groups.

Las Vegas Sands operates major integrated resorts in Macau, including The Venetian Macao, The Parisian Macao, The Londoner Macao and Four Seasons Hotel Macao. In Singapore, it operates Marina Bay Sands, a large resort featuring hotel accommodations, gaming, shopping, dining, entertainment and convention facilities.