Stevens Capital Management LP acquired a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 112,986 shares of the casino operator’s stock, valued at approximately $7,249,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ARGA Investment Management LP lifted its position 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 purchasing an additional 23,800 shares during the period. Oppenheimer & Co. Inc. lifted its position 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 purchasing an additional 3,664 shares during the period. Investec Asset Management LTD lifted its position 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 purchasing an additional 500,619 shares during the period. Monetta Financial Services Inc. bought a new position in shares of Las Vegas Sands Corp. in the second quarter worth about $1,278,000. Finally, Schwab Charles Investment Management Inc. lifted its holdings 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 worth $67,705,000 after acquiring an additional 350,884 shares during the last quarter. 38.27% of the stock is owned by institutional investors and hedge funds.

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LVS has been the subject of a number of research reports. Stifel Nicolaus reissued a “buy” rating on shares of Las Vegas Sands Corp. in a report on Sunday, September 3rd. Bank of America Corporation reissued a “buy” rating and issued a $67.00 target price (up previously from $65.00) on shares of Las Vegas Sands Corp. in a report on Friday, July 21st. Zacks Investment Research raised shares of Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a report on Friday, October 13th. Deutsche Bank AG reissued a “hold” rating and issued a $54.00 target price (up previously from $52.00) on shares of Las Vegas Sands Corp. in a report on Thursday, July 27th. Finally, Roth Capital initiated coverage on shares of Las Vegas Sands Corp. in a report on Wednesday, October 25th. They issued a “buy” rating and a $69.00 target price for the company. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $65.04.

Las Vegas Sands Corp. (NYSE LVS) traded up $1.67 during trading hours on Tuesday, reaching $68.22. 499,506 shares of the company’s stock were exchanged, compared to its average volume of 3,030,000. The firm has a market cap of $53,930.00, a P/E ratio of 23.70 and a beta of 1.78. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.21 and a quick ratio of 1.19. Las Vegas Sands Corp. has a twelve month low of $51.35 and a twelve month high of $68.41.

Las Vegas Sands Corp. (NYSE:LVS) last released its earnings results on Wednesday, October 25th. The casino operator reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.10. The business had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.14 billion. Las Vegas Sands Corp. had a net margin of 16.80% and a return on equity of 30.84%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.72 EPS. research analysts expect that Las Vegas Sands Corp. will post 2.85 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, December 21st will be given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date is Wednesday, December 20th. Las Vegas Sands Corp.’s dividend payout ratio is presently 110.19%.

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.

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

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