Janney Montgomery Scott LLC Has $2.14 Million Stock Position in Las Vegas Sands Corp. $LVS

Janney Montgomery Scott LLC boosted its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 206.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,686 shares of the casino operator’s stock after purchasing an additional 26,725 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Las Vegas Sands were worth $2,138,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. AQR Capital Management LLC grew its position in shares of Las Vegas Sands by 222.7% during the 4th quarter. AQR Capital Management LLC now owns 9,098,518 shares of the casino operator’s stock worth $592,223,000 after buying an additional 6,279,390 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Las Vegas Sands by 58.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 8,186,257 shares of the casino operator’s stock worth $532,843,000 after acquiring an additional 3,018,704 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Las Vegas Sands by 18.7% during the fourth quarter. Bank of New York Mellon Corp now owns 7,893,031 shares of the casino operator’s stock worth $513,757,000 after acquiring an additional 1,246,206 shares in the last quarter. Norges Bank acquired a new stake in Las Vegas Sands in the fourth quarter worth $364,892,000. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Las Vegas Sands by 43.8% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,454,013 shares of the casino operator’s stock worth $293,371,000 after purchasing an additional 1,660,823 shares during the period. 39.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LVS has been the subject of several research analyst reports. 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 note on Thursday, April 23rd. Seaport Research Partners reduced their target price on Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. Weiss Ratings lowered Las Vegas Sands from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. Jefferies Financial Group upped their price target on Las Vegas Sands from $61.00 to $63.00 and gave the stock a “hold” rating in a research note on Thursday, April 23rd. Finally, JPMorgan Chase & Co. cut their price target on Las Vegas Sands from $71.00 to $68.00 and set an “overweight” rating on the stock in a report on Thursday, April 23rd. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.28.

Las Vegas Sands Stock Up 0.2%

Shares of NYSE LVS opened at $46.16 on Thursday. The stock has a market capitalization of $30.59 billion, a P/E ratio of 17.10, a P/E/G ratio of 1.04 and a beta of 0.83. The company has a 50-day moving average price of $49.91 and a 200-day moving average price of $54.84. Las Vegas Sands Corp. has a 1 year low of $45.62 and a 1 year 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.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.15. Las Vegas Sands had a net margin of 13.41% and a return on equity of 118.27%. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same quarter in the prior year, the business posted $0.59 EPS. The firm’s revenue was up 25.3% compared to the same quarter last year. On average, equities research analysts forecast that Las Vegas Sands Corp. will post 3.38 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 13th. Shareholders of record on Tuesday, May 5th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Tuesday, May 5th. Las Vegas Sands’s payout ratio is currently 44.44%.

Las Vegas Sands 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.