Las Vegas Sands Corp. $LVS Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 16.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,453,095 shares of the casino operator’s stock after purchasing an additional 202,700 shares during the period. Renaissance Technologies LLC’s holdings in Las Vegas Sands were worth $78,293,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Las Vegas Sands by 8.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,251 shares of the casino operator’s stock valued at $1,207,000 after purchasing an additional 2,418 shares during the period. Woodline Partners LP raised its stake in Las Vegas Sands by 38.9% during the first quarter. Woodline Partners LP now owns 29,032 shares of the casino operator’s stock worth $1,122,000 after purchasing an additional 8,132 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Las Vegas Sands by 91.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,146 shares of the casino operator’s stock valued at $93,000 after purchasing an additional 1,027 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of Las Vegas Sands during the 2nd quarter worth $414,000. Finally, Cerity Partners LLC increased its holdings in shares of Las Vegas Sands by 70.0% during the 2nd quarter. Cerity Partners LLC now owns 17,595 shares of the casino operator’s stock worth $766,000 after buying an additional 7,243 shares during the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Stock Performance

Las Vegas Sands stock opened at $46.12 on Friday. Las Vegas Sands Corp. has a 12-month low of $44.21 and a 12-month high of $70.45. The company has a debt-to-equity ratio of 8.64, a current ratio of 0.92 and a quick ratio of 0.91. The company has a market capitalization of $30.56 billion, a price-to-earnings ratio of 17.95, a price-to-earnings-growth ratio of 1.15 and a beta of 0.83. The firm’s fifty day moving average price is $48.24 and its 200 day moving average price is $53.22.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). The firm had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.31 billion. Las Vegas Sands had a net margin of 12.59% and a return on equity of 117.08%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the previous year, the company earned $0.66 earnings per share. On average, research analysts forecast that Las Vegas Sands Corp. will post 3.21 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 12th. Investors of record on Tuesday, August 4th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, August 4th. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. Las Vegas Sands’s dividend payout ratio is currently 46.69%.

Key Headlines Impacting Las Vegas Sands

Here are the key news stories impacting Las Vegas Sands this week:

• Positive Sentiment: Investors are still looking beyond near-term weakness because Las Vegas Sands is investing heavily in premium travel demand, including Macau property upgrades and an $8 billion Singapore expansion that could support future growth. Article Title
• Positive Sentiment: Despite the selloff after earnings, some market coverage says LVS is gaining as investors focus on the company’s long-term assets and ignore temporary headwinds. Article Title

Analysts Set New Price Targets

A number of brokerages recently weighed in on LVS. UBS Group set a $52.00 target price on Las Vegas Sands in a report on Thursday, July 2nd. HSBC lifted their price target on shares of Las Vegas Sands from $73.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, April 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. Barclays cut their target price on shares of Las Vegas Sands from $63.00 to $59.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Seaport Research Partners decreased their price target on shares of Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. Eleven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $62.31.

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.