Las Vegas Sands Corp. $LVS Shares Bought by Sei Investments Co.

Sei Investments Co. raised its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 78.8% during the first quarter, Holdings Channel.com reports. The firm owned 475,509 shares of the casino operator’s stock after purchasing an additional 209,596 shares during the period. Sei Investments Co.’s holdings in Las Vegas Sands were worth $25,620,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Las Vegas Sands by 8.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,251 shares of the casino operator’s stock valued at $1,207,000 after purchasing an additional 2,418 shares during the last quarter. Woodline Partners LP increased its position in shares of Las Vegas Sands by 38.9% during the 1st quarter. Woodline Partners LP now owns 29,032 shares of the casino operator’s stock worth $1,122,000 after purchasing an additional 8,132 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Las Vegas Sands by 91.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,146 shares of the casino operator’s stock valued at $93,000 after buying an additional 1,027 shares during the period. Flow Traders U.S. LLC purchased a new stake in Las Vegas Sands in the 2nd quarter valued at about $414,000. Finally, Cerity Partners LLC lifted its position in Las Vegas Sands by 70.0% in the second quarter. Cerity Partners LLC now owns 17,595 shares of the casino operator’s stock valued at $766,000 after buying an additional 7,243 shares during the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Susquehanna lowered their target price on shares of Las Vegas Sands from $64.00 to $63.00 and set a “positive” rating for the company in a research note on Wednesday, July 22nd. Jefferies Financial Group boosted their price target on shares of Las Vegas Sands from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Thursday, April 23rd. Bank of America decreased their price objective on shares of Las Vegas Sands from $70.00 to $60.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. Mizuho lowered their price objective on shares of Las Vegas Sands from $67.00 to $61.00 and set an “outperform” rating for the company in a research report on Thursday, July 23rd. Finally, Seaport Research Partners dropped their target price on shares of Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Eleven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $61.88.

Las Vegas Sands Price Performance

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

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, July 22nd. The casino operator reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). The firm had revenue of $3.15 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the business earned $0.66 earnings per share. As a group, sell-side analysts expect that Las Vegas Sands Corp. will post 3.13 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 12th. Stockholders of record on Tuesday, August 4th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, August 4th. This represents a $1.20 annualized dividend and a dividend yield of 2.5%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 46.69%.

About Las Vegas Sands

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.