Focus Partners Advisor Solutions LLC Has $862,000 Stake in Las Vegas Sands Corp. $LVS

Focus Partners Advisor Solutions LLC lowered its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 47.0% during the second quarter, HoldingsChannel.com reports. The fund owned 18,671 shares of the casino operator’s stock after selling 16,557 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Las Vegas Sands were worth $862,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. International Assets Investment Management LLC bought a new position in shares of Las Vegas Sands in the 4th quarter worth about $26,000. DV Equities LLC bought a new stake in shares of Las Vegas Sands during the 4th quarter valued at about $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in shares of Las Vegas Sands during the 4th quarter valued at about $29,000. Wilmington Savings Fund Society FSB grew its stake in Las Vegas Sands by 254.8% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator’s stock worth $36,000 after purchasing an additional 400 shares during the period. Finally, IFP Advisors Inc grew its stake in Las Vegas Sands by 182.4% during the third quarter. IFP Advisors Inc now owns 672 shares of the casino operator’s stock worth $36,000 after purchasing an additional 434 shares during the period. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Citigroup lowered their target price on Las Vegas Sands from $78.50 to $73.00 and set a “buy” rating for the company in a report on Friday, July 10th. Argus downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, July 30th. Stifel Nicolaus lowered their price objective on shares of Las Vegas Sands from $74.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Morgan Stanley lowered their price objective on shares of Las Vegas Sands from $68.00 to $61.00 and set an “equal weight” rating for the company in a research note on Monday, July 27th. Finally, Jefferies Financial Group boosted their target price on shares of Las Vegas Sands from $61.00 to $63.00 and gave the company a “hold” rating in a research report on Thursday, April 23rd. Ten investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $61.88.

Las Vegas Sands Price Performance

Shares of NYSE LVS opened at $45.52 on Tuesday. Las Vegas Sands Corp. has a fifty-two week low of $44.21 and a fifty-two week high of $70.45. The stock has a market cap of $29.48 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 1.14 and a beta of 0.85. 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 firm’s 50-day simple moving average is $47.07 and its 200 day simple moving average is $51.63.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.31 billion. Las Vegas Sands had a net margin of 12.59% and a return on equity of 133.90%. Las Vegas Sands’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 EPS. As a group, research analysts anticipate that Las Vegas Sands Corp. will post 3.09 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

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

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.