Las Vegas Sands (NYSE:LVS) Sets New 52-Week Low – Time to Sell?

Las Vegas Sands Corp. (NYSE:LVS) reached a new 52-week low on Wednesday . The company traded as low as $43.06 and last traded at $43.0250, with a volume of 1400164 shares changing hands. The stock had previously closed at $43.98.

Wall Street Analysts Forecast Growth

LVS has been the topic of several recent research reports. HC Wainwright downgraded Las Vegas Sands to a “neutral” rating in a report on Thursday, July 30th. Wall Street Zen cut Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. UBS Group set a $52.00 price objective on Las Vegas Sands in a research note on Thursday, July 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Las Vegas Sands in a report on Friday, August 21st. Finally, Stifel Nicolaus decreased their target price on shares of Las Vegas Sands from $74.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $61.88.

Las Vegas Sands Trading Down 2.6%

The firm’s 50-day moving average price is $46.02 and its 200 day moving average price is $50.32. The company has a market cap of $27.74 billion, a price-to-earnings ratio of 16.65, a P/E/G ratio of 1.09 and a beta of 0.83. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 15.27.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.17). The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.31 billion. Las Vegas Sands had a return on equity of 133.90% and a net margin of 12.59%.The firm’s revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.66 earnings per share. As a group, equities analysts expect that Las Vegas Sands Corp. will post 3.09 EPS for the current year.

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Tuesday, August 4th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Tuesday, August 4th. Las Vegas Sands’s dividend payout ratio is 46.69%.

Institutional Trading of Las Vegas Sands

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LVS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in 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 acquiring an additional 2,418 shares during the period. Woodline Partners LP grew its position in Las Vegas Sands by 38.9% in the 1st quarter. Woodline Partners LP now owns 29,032 shares of the casino operator’s stock valued at $1,122,000 after purchasing an additional 8,132 shares during the period. EverSource Wealth Advisors LLC grew its position in 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 period. Flow Traders U.S. LLC bought a new stake in Las Vegas Sands during the 2nd quarter valued at $414,000. Finally, Cerity Partners LLC increased its stake in Las Vegas Sands by 70.0% during the 2nd quarter. Cerity Partners LLC now owns 17,595 shares of the casino operator’s stock valued at $766,000 after purchasing an additional 7,243 shares in the last quarter. 39.16% of the stock is owned by institutional investors.

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.