FNY Investment Advisers LLC Makes New Investment in Las Vegas Sands Corp. $LVS

FNY Investment Advisers LLC bought a new position in Las Vegas Sands Corp. (NYSE:LVS) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,008 shares of the casino operator’s stock, valued at approximately $43,000.

A number of other large investors have also added to or reduced their stakes in LVS. MassMutual Private Wealth & Trust FSB grew its position in Las Vegas Sands by 37.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 876 shares of the casino operator’s stock worth $38,000 after purchasing an additional 239 shares during the period. Hilltop National Bank bought a new stake in Las Vegas Sands in the 2nd quarter worth approximately $44,000. UMB Bank n.a. grew its position in Las Vegas Sands by 53.8% in the 2nd quarter. UMB Bank n.a. now owns 1,361 shares of the casino operator’s stock worth $59,000 after purchasing an additional 476 shares during the period. Harbour Investments Inc. grew its position in Las Vegas Sands by 21.4% in the 2nd quarter. Harbour Investments Inc. now owns 1,401 shares of the casino operator’s stock worth $61,000 after purchasing an additional 247 shares during the period. Finally, Parallel Advisors LLC grew its position in Las Vegas Sands by 27.4% in the 2nd quarter. Parallel Advisors LLC now owns 2,272 shares of the casino operator’s stock worth $99,000 after purchasing an additional 488 shares during the period. Institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Stock Up 12.3%

LVS opened at $56.83 on Friday. The company has a debt-to-equity ratio of 6.53, a quick ratio of 1.21 and a current ratio of 1.22. Las Vegas Sands Corp. has a fifty-two week low of $30.18 and a fifty-two week high of $58.05. The firm’s fifty day moving average is $53.28 and its 200 day moving average is $46.54. The stock has a market cap of $39.01 billion, a price-to-earnings ratio of 25.71, a price-to-earnings-growth ratio of 1.82 and a beta of 1.01.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, October 22nd. The casino operator reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.16. Las Vegas Sands had a net margin of 12.69% and a return on equity of 66.94%. The company had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter in the previous year, the company earned $0.44 EPS. Las Vegas Sands’s revenue for the quarter was up 24.2% on a year-over-year basis. On average, sell-side analysts forecast that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Tuesday, November 4th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, November 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.8%. Las Vegas Sands’s payout ratio is 50.51%.

Wall Street Analysts Forecast Growth

LVS has been the topic of several analyst reports. Zacks Research upgraded shares of Las Vegas Sands from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Wall Street Zen upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a research note on Sunday, September 7th. Citigroup reiterated a “buy” rating on shares of Las Vegas Sands in a research note on Wednesday, July 9th. Macquarie lifted their price target on shares of Las Vegas Sands from $62.00 to $64.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Stifel Nicolaus lifted their price target on shares of Las Vegas Sands from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $63.33.

Las Vegas Sands Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People’s Republic of China; and Marina Bay Sands in Singapore.