Mediolanum International Funds Ltd Invests $1.39 Million in Las Vegas Sands Corp. (NYSE:LVS)

Mediolanum International Funds Ltd purchased a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 27,257 shares of the casino operator’s stock, valued at approximately $1,391,000.

A number of other hedge funds and other institutional investors have also modified their holdings of LVS. CVA Family Office LLC grew its holdings in Las Vegas Sands by 118.8% in the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock valued at $28,000 after purchasing an additional 304 shares during the period. Bank & Trust Co purchased a new stake in Las Vegas Sands in the second quarter valued at approximately $29,000. Fidelis Capital Partners LLC purchased a new stake in Las Vegas Sands in the first quarter valued at approximately $43,000. GAMMA Investing LLC grew its holdings in Las Vegas Sands by 40.1% in the third quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock valued at $43,000 after purchasing an additional 243 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. grew its holdings in Las Vegas Sands by 93.2% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock valued at $40,000 after purchasing an additional 437 shares during the period. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LVS has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating for the company in a report on Thursday, July 25th. StockNews.com downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. boosted their price objective on shares of Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Wells Fargo & Company boosted their price objective on shares of Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Finally, Mizuho boosted their price objective on shares of Las Vegas Sands from $52.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $57.92.

Las Vegas Sands Trading Up 0.6 %

NYSE LVS opened at $52.76 on Monday. The company’s fifty day simple moving average is $45.43 and its 200-day simple moving average is $44.35. Las Vegas Sands Corp. has a 52 week low of $36.62 and a 52 week high of $55.65. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 3.29. The stock has a market cap of $39.31 billion, a P/E ratio of 25.49, a PEG ratio of 1.49 and a beta of 1.12.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.79 billion. During the same period in the previous year, the firm posted $0.55 earnings per share. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. Equities research analysts predict that Las Vegas Sands Corp. will post 2.45 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th will be issued a $0.20 dividend. The ex-dividend date is Monday, November 4th. This represents a $0.80 annualized dividend and a yield of 1.52%. Las Vegas Sands’s dividend payout ratio is presently 38.65%.

Las Vegas Sands Company 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.