Ieq Capital LLC Makes New $9.32 Million Investment in Las Vegas Sands Corp. $LVS

Ieq Capital LLC acquired a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 201,788 shares of the casino operator’s stock, valued at approximately $9,321,000.

Several other hedge funds also recently modified their holdings of LVS. International Assets Investment Management LLC acquired a new stake in Las Vegas Sands in the fourth quarter worth $26,000. DV Equities LLC bought a new stake in Las Vegas Sands in the fourth quarter valued at $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in shares of Las Vegas Sands during the fourth quarter valued at about $29,000. Wilmington Savings Fund Society FSB raised its holdings in shares of 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 valued at $36,000 after purchasing an additional 400 shares during the period. Finally, IFP Advisors Inc boosted its position in shares of Las Vegas Sands by 182.4% during the 3rd quarter. IFP Advisors Inc now owns 672 shares of the casino operator’s stock worth $36,000 after purchasing an additional 434 shares in the last quarter. Institutional investors own 39.16% of the company’s stock.

Analyst Upgrades and Downgrades

LVS has been the subject of several research reports. Wall Street Zen downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Morgan Stanley cut their price target on Las Vegas Sands from $68.00 to $61.00 and set an “equal weight” rating on the stock in a report on Monday, July 27th. Citigroup reduced their price objective on Las Vegas Sands from $78.50 to $73.00 and set a “buy” rating for the company in a research note on Friday, July 10th. The Goldman Sachs Group decreased their price objective on Las Vegas Sands from $63.00 to $55.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. lowered their target price on Las Vegas Sands from $64.00 to $60.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $61.88.

Las Vegas Sands Trading Up 2.3%

NYSE:LVS opened at $47.04 on Friday. The company has a debt-to-equity ratio of 15.27, a current ratio of 1.00 and a quick ratio of 0.99. Las Vegas Sands Corp. has a one year low of $44.21 and a one year high of $70.45. The company has a market cap of $30.47 billion, a PE ratio of 18.30, a PEG ratio of 1.16 and a beta of 0.85. The firm has a 50-day moving average of $46.69 and a 200-day moving average of $51.40.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.17). The business 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%. Las Vegas Sands’s revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.66 EPS. As a group, equities research analysts expect that Las Vegas Sands Corp. will post 3.09 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The company 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. The ex-dividend date was Tuesday, August 4th. This represents a $1.20 annualized dividend and a dividend yield of 2.6%. Las Vegas Sands’s dividend payout ratio is currently 46.69%.

Las Vegas Sands 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.