Quantbot Technologies LP Buys Shares of 19,147 Las Vegas Sands Corp. $LVS

Quantbot Technologies LP purchased a new position in Las Vegas Sands Corp. (NYSE:LVS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,147 shares of the casino operator’s stock, valued at approximately $884,000.

A number of other large investors also recently modified their holdings of LVS. International Assets Investment Management LLC purchased a new position in Las Vegas Sands during the fourth quarter valued at approximately $26,000. DV Equities LLC purchased a new stake in Las Vegas Sands in the 4th quarter worth approximately $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in Las Vegas Sands in the 4th quarter valued at $29,000. Wilmington Savings Fund Society FSB grew its position in shares of Las Vegas Sands by 254.8% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator’s stock valued at $36,000 after purchasing an additional 400 shares in the last quarter. Finally, IFP Advisors Inc grew its position in shares of Las Vegas Sands by 182.4% during the 3rd quarter. IFP Advisors Inc now owns 672 shares of the casino operator’s stock valued at $36,000 after purchasing an additional 434 shares in the last quarter. 39.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on LVS shares. Barclays decreased their price target on shares of Las Vegas Sands from $63.00 to $59.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Bank of America reduced their target price on Las Vegas Sands from $70.00 to $60.00 and set a “neutral” rating for the company in a research report on Monday, July 20th. Morgan Stanley decreased their target price on Las Vegas Sands from $68.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Monday, July 27th. The Goldman Sachs Group lowered their price target on Las Vegas Sands from $63.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $62.00 price target (down from $73.00) on shares of Las Vegas Sands in a research report on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $61.88.

Las Vegas Sands Trading Down 2.2%

Shares of LVS stock opened at $46.24 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 15.27. The business has a 50-day moving average price of $46.57 and a two-hundred day moving average price of $51.15. Las Vegas Sands Corp. has a 12-month low of $44.21 and a 12-month high of $70.45. The firm has a market cap of $29.95 billion, a P/E ratio of 17.99, a price-to-earnings-growth ratio of 1.16 and a beta of 0.85.

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

Las Vegas Sands Announces Dividend

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

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.