Guggenheim Capital LLC Has $11.93 Million Holdings in Las Vegas Sands Corp. $LVS

Guggenheim Capital LLC cut its position in Las Vegas Sands Corp. (NYSE:LVS) by 1.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 308,747 shares of the casino operator’s stock after selling 5,995 shares during the quarter. Guggenheim Capital LLC’s holdings in Las Vegas Sands were worth $11,927,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Achmea Investment Management B.V. grew its stake in Las Vegas Sands by 55.4% in the 1st quarter. Achmea Investment Management B.V. now owns 31,411 shares of the casino operator’s stock valued at $1,213,000 after buying an additional 11,197 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Las Vegas Sands by 18.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,005 shares of the casino operator’s stock valued at $1,489,000 after buying an additional 6,057 shares during the last quarter. Northern Trust Corp grew its stake in Las Vegas Sands by 12.4% in the 4th quarter. Northern Trust Corp now owns 3,088,597 shares of the casino operator’s stock valued at $158,630,000 after buying an additional 339,992 shares during the last quarter. Ground Swell Capital LLC acquired a new position in Las Vegas Sands in the 1st quarter valued at $225,000. Finally, Everett Harris & Co. CA acquired a new position in Las Vegas Sands in the 1st quarter valued at $657,000. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LVS has been the topic of a number of research analyst reports. Citigroup reiterated a “buy” rating on shares of Las Vegas Sands in a research note on Wednesday, July 9th. Macquarie boosted their price objective on shares of Las Vegas Sands from $52.00 to $58.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. Susquehanna dropped their price objective on shares of Las Vegas Sands from $59.00 to $58.00 and set a “positive” rating on the stock in a report on Monday, July 21st. UBS Group boosted their price objective on shares of Las Vegas Sands from $48.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Finally, The Goldman Sachs Group initiated coverage on shares of Las Vegas Sands in a report on Monday, July 7th. They set a “neutral” rating and a $52.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Las Vegas Sands presently has an average rating of “Moderate Buy” and an average price target of $58.33.

Las Vegas Sands Price Performance

Shares of Las Vegas Sands stock opened at $56.72 on Thursday. The company has a debt-to-equity ratio of 6.53, a quick ratio of 1.21 and a current ratio of 1.22. The firm’s 50-day simple moving average is $50.17 and its 200-day simple moving average is $43.51. Las Vegas Sands Corp. has a twelve month low of $30.18 and a twelve month high of $56.92. The firm has a market cap of $38.94 billion, a P/E ratio of 28.65, a price-to-earnings-growth ratio of 2.13 and a beta of 1.08.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, July 23rd. The casino operator reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.26. The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $2.83 billion. Las Vegas Sands had a net margin of 12.16% and a return on equity of 55.37%. The firm’s revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.55 EPS. As a group, research analysts expect that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 13th. Shareholders of record on Tuesday, August 5th were given a $0.25 dividend. The ex-dividend date was Tuesday, August 5th. This represents a $1.00 dividend on an annualized basis and a yield of 1.8%. Las Vegas Sands’s payout ratio is 50.51%.

About Las Vegas Sands

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.