Nykredit A S Invests $4.14 Million in Las Vegas Sands Corp. $LVS

Nykredit A S bought a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS) in the second quarter, Holdings Channel reports. The firm bought 89,623 shares of the casino operator’s stock, valued at approximately $4,140,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in Las Vegas Sands in the fourth quarter valued at $26,000. DV Equities LLC purchased a new position in shares of Las Vegas Sands during the 4th quarter worth approximately $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new stake in Las Vegas Sands during the fourth quarter worth about $29,000. Wilmington Savings Fund Society FSB boosted its position in shares of Las Vegas Sands by 254.8% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator’s stock worth $36,000 after buying an additional 400 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in Las Vegas Sands by 182.4% during the 3rd quarter. IFP Advisors Inc now owns 672 shares of the casino operator’s stock valued at $36,000 after buying an additional 434 shares during the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Trading Up 0.1%

Shares of NYSE LVS opened at $44.42 on Monday. The business has a 50-day moving average price of $46.10 and a two-hundred day moving average price of $50.52. 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 Corp. has a one year low of $43.36 and a one year high of $70.45. The firm has a market capitalization of $28.77 billion, a PE ratio of 17.28, a PEG ratio of 1.09 and a beta of 0.83.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data 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). Las Vegas Sands had a return on equity of 133.90% and a net margin of 12.59%.The firm had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.31 billion. During the same quarter in the prior year, the business posted $0.66 earnings per share. Las Vegas Sands’s revenue was down .7% on a year-over-year basis. As a group, analysts predict that Las Vegas Sands Corp. will post 3.09 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Tuesday, August 4th were given a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.7%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 46.69%.

Wall Street Analyst Weigh In

LVS has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their price target on shares of Las Vegas Sands from $65.00 to $53.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 14th. Citigroup decreased their price target on shares of Las Vegas Sands from $78.50 to $73.00 and set a “buy” rating for the company in a research report on Friday, July 10th. Zacks Research lowered Las Vegas Sands from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 23rd. Mizuho cut their target price on Las Vegas Sands from $67.00 to $61.00 and set an “outperform” rating on the stock in a research note on Thursday, July 23rd. Finally, Wolfe Research started coverage on shares of Las Vegas Sands in a report on Wednesday. They issued a “peer perform” rating for the company. Ten analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $61.88.

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.