Los Angeles Capital Management & Equity Research Inc. Has $38.85 Million Holdings in Las Vegas Sands Corp. (LVS)

Los Angeles Capital Management & Equity Research Inc. grew its stake in Las Vegas Sands Corp. (NYSE:LVS) by 55.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 605,483 shares of the casino operator’s stock after purchasing an additional 215,408 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.08% of Las Vegas Sands Corp. worth $38,848,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. ARGA Investment Management LP raised its stake in Las Vegas Sands Corp. by 110.7% during the second quarter. ARGA Investment Management LP now owns 45,300 shares of the casino operator’s stock worth $2,894,000 after acquiring an additional 23,800 shares during the period. Oppenheimer & Co. Inc. raised its stake in Las Vegas Sands Corp. by 5.1% during the second quarter. Oppenheimer & Co. Inc. now owns 75,993 shares of the casino operator’s stock worth $4,855,000 after acquiring an additional 3,664 shares during the period. Investec Asset Management LTD raised its stake in Las Vegas Sands Corp. by 38.5% during the second quarter. Investec Asset Management LTD now owns 1,800,200 shares of the casino operator’s stock worth $115,015,000 after acquiring an additional 500,619 shares during the period. Monetta Financial Services Inc. acquired a new stake in shares of Las Vegas Sands Corp. in the second quarter valued at approximately $1,278,000. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Las Vegas Sands Corp. by 49.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,059,707 shares of the casino operator’s stock valued at $67,705,000 after purchasing an additional 350,884 shares during the period. Institutional investors and hedge funds own 38.24% of the company’s stock.

LVS has been the topic of several analyst reports. Bank of America Corporation restated a “buy” rating and issued a $67.00 price target (up previously from $65.00) on shares of Las Vegas Sands Corp. in a research note on Friday, July 21st. Zacks Investment Research upgraded shares of Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research note on Friday, October 13th. Stifel Nicolaus reiterated a “buy” rating on shares of Las Vegas Sands Corp. in a report on Sunday, September 3rd. Instinet reiterated a “neutral” rating on shares of Las Vegas Sands Corp. in a report on Monday, July 17th. Finally, Morgan Stanley increased their price objective on shares of Las Vegas Sands Corp. from $63.00 to $65.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $65.31.

Las Vegas Sands Corp. (NYSE:LVS) traded down $0.15 during trading hours on Tuesday, reaching $67.25. 3,620,500 shares of the company were exchanged, compared to its average volume of 3,318,484. Las Vegas Sands Corp. has a 1-year low of $51.35 and a 1-year high of $68.41. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 1.38. The firm has a market cap of $53,278.35, a price-to-earnings ratio of 24.25 and a beta of 1.78.

Las Vegas Sands Corp. (NYSE:LVS) last posted its earnings results on Wednesday, October 25th. The casino operator reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.10. The business had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.14 billion. Las Vegas Sands Corp. had a net margin of 16.80% and a return on equity of 31.11%. Las Vegas Sands Corp.’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the business posted $0.72 EPS. equities analysts anticipate that Las Vegas Sands Corp. will post 2.87 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, December 21st will be paid a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date is Wednesday, December 20th. Las Vegas Sands Corp.’s dividend payout ratio is presently 110.19%.

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About Las Vegas Sands Corp.

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.

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Institutional Ownership by Quarter for Las Vegas Sands Corp. (NYSE:LVS)

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