Wedge Capital Management L L P NC Purchases 101,891 Shares of Las Vegas Sands Corp. $LVS

Wedge Capital Management L L P NC raised its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 16.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 710,484 shares of the casino operator’s stock after acquiring an additional 101,891 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.11% of Las Vegas Sands worth $32,817,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of LVS. AQR Capital Management LLC raised its holdings in Las Vegas Sands by 222.7% during the 4th quarter. AQR Capital Management LLC now owns 9,098,518 shares of the casino operator’s stock worth $592,223,000 after purchasing an additional 6,279,390 shares during the last quarter. Norges Bank bought a new stake in shares of Las Vegas Sands in the 4th quarter valued at $364,892,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Las Vegas Sands by 410.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,167,553 shares of the casino operator’s stock valued at $277,963,000 after purchasing an additional 4,154,753 shares during the last quarter. M&T Bank Corp increased its position in shares of Las Vegas Sands by 33,102.6% during the fourth quarter. M&T Bank Corp now owns 3,060,288 shares of the casino operator’s stock worth $197,463,000 after buying an additional 3,051,071 shares during the period. Finally, Amundi raised its stake in Las Vegas Sands by 157.2% during the first quarter. Amundi now owns 2,864,789 shares of the casino operator’s stock worth $154,355,000 after buying an additional 1,750,758 shares during the last quarter. Institutional investors own 39.16% of the company’s stock.

Wall Street Analysts Forecast Growth

LVS has been the subject of a number of analyst reports. Bank of America cut their price target on Las Vegas Sands from $70.00 to $60.00 and set a “neutral” rating for the company in a research note on Monday, July 20th. Jefferies Financial Group raised their price objective 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. Argus lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, July 30th. Mizuho dropped their price target on shares of Las Vegas Sands from $67.00 to $61.00 and set an “outperform” rating on the stock in a research report on Thursday, July 23rd. Finally, Susquehanna cut their target price on Las Vegas Sands from $64.00 to $63.00 and set a “positive” rating on the stock in a research note on Wednesday, July 22nd. Ten analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $61.88.

Las Vegas Sands Stock Performance

NYSE LVS opened at $45.71 on Wednesday. The company has a debt-to-equity ratio of 15.27, a quick ratio of 0.99 and a current ratio of 1.00. The company has a market capitalization of $29.61 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 1.12 and a beta of 0.85. Las Vegas Sands Corp. has a 52-week low of $44.21 and a 52-week high of $70.45. The company has a 50-day simple moving average of $47.46 and a 200 day simple moving average of $52.04.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.17). The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.31 billion. Las Vegas Sands had a net margin of 12.59% and a return on equity of 133.90%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.66 earnings per share. On average, research analysts predict that Las Vegas Sands Corp. will post 3.09 EPS for the current year.

Las Vegas Sands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 12th. Shareholders of record on Tuesday, August 4th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Tuesday, August 4th. Las Vegas Sands’s dividend payout ratio (DPR) is currently 46.69%.

Las Vegas Sands Company Profile

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.