Quantinno Capital Management LP Buys 309,822 Shares of Las Vegas Sands Corp. $LVS

Quantinno Capital Management LP lifted its stake in Las Vegas Sands Corp. (NYSE:LVS) by 139.9% in the 1st quarter, HoldingsChannel reports. The firm owned 531,223 shares of the casino operator’s stock after buying an additional 309,822 shares during the quarter. Quantinno Capital Management LP’s holdings in Las Vegas Sands were worth $28,622,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Swiss Life Asset Management Ltd raised its stake in Las Vegas Sands by 116.2% in the fourth quarter. Swiss Life Asset Management Ltd now owns 148,196 shares of the casino operator’s stock worth $9,646,000 after buying an additional 79,641 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in Las Vegas Sands by 411.5% in the fourth quarter. Crossmark Global Holdings Inc. now owns 44,208 shares of the casino operator’s stock worth $2,877,000 after buying an additional 35,566 shares during the period. Wealthfront Advisers LLC lifted its holdings in Las Vegas Sands by 40.6% in the fourth quarter. Wealthfront Advisers LLC now owns 67,446 shares of the casino operator’s stock worth $4,390,000 after buying an additional 19,488 shares during the period. Perpetual Ltd bought a new stake in Las Vegas Sands during the 4th quarter valued at approximately $2,051,000. Finally, SG Americas Securities LLC boosted its position in Las Vegas Sands by 74.2% during the 1st quarter. SG Americas Securities LLC now owns 1,529,236 shares of the casino operator’s stock valued at $82,395,000 after acquiring an additional 651,214 shares in the last quarter. Institutional investors own 39.16% of the company’s stock.

Analyst Upgrades and Downgrades

LVS has been the subject of several research reports. Wells Fargo & Company decreased their target price on Las Vegas Sands from $65.00 to $53.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 14th. 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. Argus lowered Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. reduced their target price on shares of Las Vegas Sands from $64.00 to $60.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Finally, Seaport Research Partners lowered their price target on shares of Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. Ten equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $61.88.

Las Vegas Sands Stock Down 1.7%

Shares of NYSE:LVS opened at $49.02 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 15.27. The stock has a fifty day simple moving average of $48.13 and a two-hundred day simple moving average of $52.75. Las Vegas Sands Corp. has a 12-month low of $44.21 and a 12-month high of $70.45. The stock has a market capitalization of $31.75 billion, a price-to-earnings ratio of 19.07, a PEG ratio of 1.31 and a beta of 0.83.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, July 22nd. The casino operator reported $0.59 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.31 billion. During the same period in the prior year, the company posted $0.66 earnings per share. The company’s revenue was down .7% on a year-over-year basis. On average, research analysts anticipate that Las Vegas Sands Corp. will post 3.12 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 12th. Investors of record on Tuesday, August 4th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, August 4th. Las Vegas Sands’s dividend payout ratio is 46.69%.

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.