Connor Clark & Lunn Investment Management Ltd. Purchases Shares of 102,967 Las Vegas Sands Corp. $LVS

Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 102,967 shares of the casino operator’s stock, valued at approximately $4,756,000.

A number of other institutional investors also recently bought and sold shares of LVS. Swiss Life Asset Management Ltd increased its stake in Las Vegas Sands by 116.2% in the fourth quarter. Swiss Life Asset Management Ltd now owns 148,196 shares of the casino operator’s stock valued at $9,646,000 after purchasing an additional 79,641 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of Las Vegas Sands by 411.5% during the 4th quarter. Crossmark Global Holdings Inc. now owns 44,208 shares of the casino operator’s stock worth $2,877,000 after buying an additional 35,566 shares during the last quarter. Wealthfront Advisers LLC boosted its holdings in shares of Las Vegas Sands by 40.6% in the 4th quarter. Wealthfront Advisers LLC now owns 67,446 shares of the casino operator’s stock valued at $4,390,000 after buying an additional 19,488 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Las Vegas Sands by 74.2% in the 1st quarter. SG Americas Securities LLC now owns 1,529,236 shares of the casino operator’s stock valued at $82,395,000 after buying an additional 651,214 shares in the last quarter. Finally, Fieldview Capital Management LLC purchased a new position in shares of Las Vegas Sands in the 4th quarter valued at $4,561,000. 39.16% of the stock is owned by hedge funds and other institutional investors.

Las Vegas Sands Price Performance

LVS stock opened at $44.12 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 15.27. The company has a market capitalization of $28.57 billion, a P/E ratio of 17.17, a PEG ratio of 1.14 and a beta of 0.85. The business has a 50 day simple moving average of $46.48 and a 200-day simple moving average of $51.06. Las Vegas Sands Corp. has a twelve month low of $43.92 and a twelve month high of $70.45.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, July 22nd. The casino operator reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). The business had revenue of $3.15 billion during 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%. The business’s revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.66 earnings per share. As a group, equities analysts anticipate that Las Vegas Sands Corp. will post 3.09 EPS for the current year.

Las Vegas Sands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Tuesday, August 4th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Tuesday, August 4th. Las Vegas Sands’s dividend payout ratio (DPR) is presently 46.69%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on LVS shares. Mizuho cut 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 note on Thursday, July 23rd. The Goldman Sachs Group decreased their price objective on shares of Las Vegas Sands from $63.00 to $55.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Stifel Nicolaus decreased 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. Barclays dropped their price objective on Las Vegas Sands from $63.00 to $59.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Finally, Wells Fargo & Company cut their target price on Las Vegas Sands from $65.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 14th. Ten investment 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 MarketBeat, the company presently has an average rating of “Hold” and an average price target of $61.88.

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.