Epoch Investment Partners Inc. grew its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 15.8% in the second quarter, Holdings Channel reports. The institutional investor owned 2,663,032 shares of the casino operator’s stock after acquiring an additional 362,869 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Las Vegas Sands were worth $203,350,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Centaurus Financial Inc. purchased a new position in Las Vegas Sands during the first quarter worth about $117,000. Point72 Asia Hong Kong Ltd purchased a new position in Las Vegas Sands during the first quarter worth about $118,000. Synovus Financial Corp purchased a new position in Las Vegas Sands during the first quarter worth about $152,000. Parallel Advisors LLC raised its holdings in Las Vegas Sands by 297.0% during the first quarter. Parallel Advisors LLC now owns 2,354 shares of the casino operator’s stock worth $169,000 after purchasing an additional 1,761 shares in the last quarter. Finally, Summit Trail Advisors LLC raised its holdings in Las Vegas Sands by 6,587.3% during the first quarter. Summit Trail Advisors LLC now owns 196,072 shares of the casino operator’s stock worth $196,000 after purchasing an additional 193,140 shares in the last quarter. 38.53% of the stock is owned by institutional investors and hedge funds.
In related news, COO Robert G. Goldstein bought 10,000 shares of the company’s stock in a transaction on Tuesday, July 31st. The stock was bought at an average cost of $71.13 per share, with a total value of $711,300.00. Following the completion of the acquisition, the chief operating officer now owns 10,000 shares in the company, valued at approximately $711,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 10.20% of the company’s stock.
Shares of Las Vegas Sands stock opened at $63.11 on Thursday. Las Vegas Sands Corp. has a 12-month low of $60.85 and a 12-month high of $81.45. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.70 and a quick ratio of 1.68. The stock has a market capitalization of $51.55 billion, a price-to-earnings ratio of 19.07 and a beta of 1.61.
Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, July 25th. The casino operator reported $0.74 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.06). Las Vegas Sands had a net margin of 28.06% and a return on equity of 35.22%. The company had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.29 billion. During the same period last year, the business posted $0.73 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. sell-side analysts predict that Las Vegas Sands Corp. will post 3.52 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 27th. Shareholders of record on Wednesday, September 19th will be issued a $0.75 dividend. The ex-dividend date is Tuesday, September 18th. This represents a $3.00 dividend on an annualized basis and a yield of 4.75%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 98.68%.
Several research analysts recently issued reports on LVS shares. Nomura cut their price target on shares of Las Vegas Sands from $76.00 to $72.00 and set a “neutral” rating for the company in a report on Monday, July 9th. Credit Suisse Group started coverage on shares of Las Vegas Sands in a report on Tuesday, August 14th. They set a “neutral” rating and a $72.00 price target for the company. Zacks Investment Research cut shares of Las Vegas Sands from a “strong-buy” rating to a “hold” rating in a report on Monday, June 18th. Morgan Stanley increased their price target on shares of Las Vegas Sands from $85.00 to $86.00 and gave the stock an “overweight” rating in a report on Tuesday, June 26th. Finally, ValuEngine cut shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Monday, July 2nd. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Las Vegas Sands presently has a consensus rating of “Hold” and an average price target of $77.00.
Las Vegas Sands Company Profile
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and iconic Marina Bay Sands in Singapore.
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