Eurizon Capital SGR S.p.A. Invests $1.19 Million in Las Vegas Sands Corp. $LVS

Eurizon Capital SGR S.p.A. purchased a new position in Las Vegas Sands Corp. (NYSE:LVS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,290 shares of the casino operator’s stock, valued at approximately $1,190,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Mackenzie Financial Corp grew its stake in shares of Las Vegas Sands by 0.3% in the third quarter. Mackenzie Financial Corp now owns 53,945 shares of the casino operator’s stock worth $2,902,000 after purchasing an additional 156 shares in the last quarter. Westside Investment Management Inc. grew its stake in shares of Las Vegas Sands by 48.0% in the third quarter. Westside Investment Management Inc. now owns 512 shares of the casino operator’s stock worth $28,000 after purchasing an additional 166 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Las Vegas Sands by 7.8% in the third quarter. Parallel Advisors LLC now owns 2,449 shares of the casino operator’s stock worth $132,000 after purchasing an additional 177 shares in the last quarter. Alps Advisors Inc. grew its stake in shares of Las Vegas Sands by 2.4% in the third quarter. Alps Advisors Inc. now owns 8,528 shares of the casino operator’s stock worth $459,000 after purchasing an additional 197 shares in the last quarter. Finally, United Capital Financial Advisors LLC grew its stake in shares of Las Vegas Sands by 5.5% in the third quarter. United Capital Financial Advisors LLC now owns 4,945 shares of the casino operator’s stock worth $266,000 after purchasing an additional 258 shares in the last quarter. Institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Trading Down 4.1%

Shares of LVS stock opened at $51.10 on Wednesday. The stock has a 50-day simple moving average of $53.13 and a 200 day simple moving average of $58.24. Las Vegas Sands Corp. has a fifty-two week low of $40.03 and a fifty-two week high of $70.45. The stock has a market capitalization of $33.86 billion, a P/E ratio of 18.93, a P/E/G ratio of 1.21 and a beta of 0.81. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 8.64.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.15. The firm had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.32 billion. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.Las Vegas Sands’s revenue was up 25.3% on a year-over-year basis. During the same quarter last year, the business posted $0.59 EPS. On average, sell-side analysts expect that Las Vegas Sands Corp. will post 3.38 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 13th. Shareholders of record on Tuesday, May 5th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.3%. The ex-dividend date was Tuesday, May 5th. Las Vegas Sands’s payout ratio is presently 44.44%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Mizuho boosted their price objective on Las Vegas Sands from $65.00 to $67.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Weiss Ratings cut Las Vegas Sands from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. Seaport Research Partners decreased their target price on Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. HSBC raised their target price on Las Vegas Sands from $73.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Finally, Jefferies Financial Group raised their target price on Las Vegas Sands from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Thursday, April 23rd. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.28.

Insider Transactions at Las Vegas Sands

In other Las Vegas Sands news, CEO Patrick Dumont sold 60,165 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $54.75, for a total transaction of $3,294,033.75. Following the sale, the chief executive officer owned 511,942 shares in the company, valued at approximately $28,028,824.50. The trade was a 10.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.55% of the company’s stock.

About Las Vegas Sands

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.