Investors Buy Shares of Las Vegas Sands Corp. (LVS) on Weakness
Traders purchased shares of Las Vegas Sands Corp. (NYSE:LVS) on weakness during trading on Friday. $35.19 million flowed into the stock on the tick-up and $26.37 million flowed out of the stock on the tick-down, for a money net flow of $8.82 million into the stock. Of all companies tracked, Las Vegas Sands Corp. had the 13th highest net in-flow for the day. Las Vegas Sands Corp. traded down ($0.43) for the day and closed at $50.33
A number of analysts have issued reports on the company. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Las Vegas Sands Corp. in a research note on Sunday, July 17th. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Las Vegas Sands Corp. in a research note on Saturday, June 4th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Las Vegas Sands Corp. in a research note on Sunday, June 26th. Vetr raised Las Vegas Sands Corp. from a “buy” rating to a “strong-buy” rating and set a $50.25 price objective on the stock in a research note on Thursday, May 5th. Finally, TheStreet downgraded Las Vegas Sands Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, May 26th. Twelve analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $51.51.
The company has a market capitalization of $39.99 billion and a PE ratio of 24.50. The company has a 50-day moving average of $49.59 and a 200-day moving average of $48.04.
Las Vegas Sands Corp. (NYSE:LVS) last posted its earnings results on Monday, July 25th. The casino operator reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by $0.04. The business earned $2.65 billion during the quarter, compared to the consensus estimate of $2.76 billion. The firm’s revenue was down 9.3% compared to the same quarter last year. During the same period last year, the business posted $0.60 earnings per share. On average, equities research analysts anticipate that Las Vegas Sands Corp. will post $2.19 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 22nd will be paid a dividend of $0.72 per share. The ex-dividend date of this dividend is Tuesday, September 20th. This represents a $2.88 annualized dividend and a yield of 5.72%.
A number of large investors have bought and sold shares of the company. Ameriprise Financial Inc. boosted its stake in Las Vegas Sands Corp. by 3.5% in the fourth quarter. Ameriprise Financial Inc. now owns 1,142,472 shares of the casino operator’s stock valued at $50,082,000 after buying an additional 38,139 shares during the period. I.G. Investment Management LTD. boosted its stake in Las Vegas Sands Corp. by 10.9% in the fourth quarter. I.G. Investment Management LTD. now owns 137,506 shares of the casino operator’s stock valued at $6,028,000 after buying an additional 13,528 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in Las Vegas Sands Corp. by 28.5% in the fourth quarter. Victory Capital Management Inc. now owns 31,567 shares of the casino operator’s stock valued at $1,384,000 after buying an additional 7,007 shares during the period.
Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that offers 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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