Traders Buy Las Vegas Sands (LVS) on Weakness

Investors purchased shares of Las Vegas Sands Corp. (NYSE:LVS) on weakness during trading hours on Monday. $40.11 million flowed into the stock on the tick-up and $22.45 million flowed out of the stock on the tick-down, for a money net flow of $17.66 million into the stock. Of all companies tracked, Las Vegas Sands had the 23rd highest net in-flow for the day. Las Vegas Sands traded down ($0.56) for the day and closed at $69.74

LVS has been the topic of several recent analyst reports. Stifel Nicolaus restated a “buy” rating on shares of Las Vegas Sands in a research report on Sunday, September 3rd. Zacks Investment Research upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Friday, October 13th. Roth Capital initiated coverage on shares of Las Vegas Sands in a research report on Wednesday, October 25th. They set a “buy” rating and a $69.00 target price on the stock. Deutsche Bank increased their price target on shares of Las Vegas Sands from $54.00 to $57.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Finally, Nomura increased their price target on shares of Las Vegas Sands from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Thursday, October 26th. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Las Vegas Sands has a consensus rating of “Buy” and an average target price of $65.62.

The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.05 and a current ratio of 1.07. The firm has a market cap of $55,130.00, a P/E ratio of 26.32 and a beta of 1.80.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, October 25th. The casino operator reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.10. The business had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.14 billion. Las Vegas Sands had a net margin of 16.80% and a return on equity of 31.11%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.72 earnings per share. sell-side analysts expect that Las Vegas Sands Corp. will post 2.88 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, December 21st will be paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 4.19%. The ex-dividend date is Wednesday, December 20th. Las Vegas Sands’s payout ratio is 110.19%.

In related news, Director George Jamieson purchased 1,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were bought at an average price of $66.96 per share, with a total value of $66,960.00. Following the completion of the purchase, the director now directly owns 6,488 shares in the company, valued at approximately $434,436.48. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 10.10% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Global X Management Co. LLC grew its holdings in Las Vegas Sands by 8.3% during the 2nd quarter. Global X Management Co. LLC now owns 1,653 shares of the casino operator’s stock worth $106,000 after acquiring an additional 126 shares in the last quarter. Tocqueville Asset Management L.P. acquired a new position in Las Vegas Sands during the 2nd quarter worth $347,000. Victory Capital Management Inc. grew its holdings in Las Vegas Sands by 8.1% during the 2nd quarter. Victory Capital Management Inc. now owns 159,205 shares of the casino operator’s stock worth $10,172,000 after acquiring an additional 11,862 shares in the last quarter. Usca Ria LLC grew its holdings in Las Vegas Sands by 21.5% during the 2nd quarter. Usca Ria LLC now owns 12,832 shares of the casino operator’s stock worth $820,000 after acquiring an additional 2,275 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in Las Vegas Sands by 13.8% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 134,668 shares of the casino operator’s stock worth $8,602,000 after acquiring an additional 16,296 shares in the last quarter. 37.37% of the stock is currently owned by institutional investors.

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About Las Vegas Sands

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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