BlueMountain Capital Management LLC purchased a new stake in Las Vegas Sands Corp. (NYSE:LVS) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 39,164 shares of the casino operator’s stock, valued at approximately $2,502,000.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Las Vegas Sands Corp. by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 19,712,172 shares of the casino operator’s stock valued at $1,124,974,000 after buying an additional 755,714 shares in the last quarter. BlackRock Inc. lifted its stake in Las Vegas Sands Corp. by 2.3% in the 2nd quarter. BlackRock Inc. now owns 16,129,966 shares of the casino operator’s stock valued at $1,030,543,000 after buying an additional 365,566 shares in the last quarter. State Street Corp lifted its stake in Las Vegas Sands Corp. by 4.7% in the 1st quarter. State Street Corp now owns 8,023,114 shares of the casino operator’s stock valued at $457,878,000 after buying an additional 360,249 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Las Vegas Sands Corp. by 40.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,506,795 shares of the casino operator’s stock valued at $415,720,000 after buying an additional 1,886,376 shares in the last quarter. Finally, Thornburg Investment Management Inc. lifted its stake in Las Vegas Sands Corp. by 39.0% in the 1st quarter. Thornburg Investment Management Inc. now owns 4,187,059 shares of the casino operator’s stock valued at $238,955,000 after buying an additional 1,174,688 shares in the last quarter. 38.01% of the stock is currently owned by hedge funds and other institutional investors.

LVS has been the topic of a number of research reports. Wells Fargo & Company reaffirmed a “neutral” rating on shares of Las Vegas Sands Corp. in a research note on Tuesday, July 4th. Morgan Stanley reiterated an “equal weight” rating and issued a $62.00 price objective (up previously from $58.00) on shares of Las Vegas Sands Corp. in a report on Monday, July 10th. Stifel Nicolaus reiterated a “buy” rating and issued a $72.00 price objective (up previously from $70.00) on shares of Las Vegas Sands Corp. in a report on Thursday, July 27th. Bank of America Corporation reiterated a “buy” rating and issued a $67.00 price objective (up previously from $65.00) on shares of Las Vegas Sands Corp. in a report on Friday, July 21st. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $54.00 price objective (up previously from $52.00) on shares of Las Vegas Sands Corp. in a report on Thursday, July 27th. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Las Vegas Sands Corp. has an average rating of “Buy” and a consensus price target of $62.91.

Las Vegas Sands Corp. (LVS) opened at 63.25 on Monday. Las Vegas Sands Corp. has a 52-week low of $51.35 and a 52-week high of $66.22. The company’s 50 day moving average is $61.54 and its 200-day moving average is $59.85. The stock has a market cap of $50.09 billion, a PE ratio of 24.61 and a beta of 1.78.

Las Vegas Sands Corp. (NYSE:LVS) last issued its quarterly earnings results on Wednesday, July 26th. The casino operator reported $0.73 EPS for the quarter, topping the consensus estimate of $0.59 by $0.14. Las Vegas Sands Corp. had a net margin of 16.66% and a return on equity of 29.91%. The firm had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the prior year, the business posted $0.52 earnings per share. Las Vegas Sands Corp.’s revenue for the quarter was up 18.5% compared to the same quarter last year. On average, equities analysts anticipate that Las Vegas Sands Corp. will post $2.74 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 21st will be given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 4.62%. The ex-dividend date is Wednesday, September 20th. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is 113.18%.

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Las Vegas Sands Corp. Profile

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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