UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $86.04 Million Holdings in Las Vegas Sands Corp. $LVS

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in Las Vegas Sands Corp. (NYSE:LVS) by 3.6% in the second quarter, HoldingsChannel reports. The fund owned 1,862,644 shares of the casino operator’s stock after selling 69,010 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Las Vegas Sands were worth $86,036,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of LVS. AQR Capital Management LLC increased its holdings in shares of Las Vegas Sands by 222.7% in the fourth quarter. AQR Capital Management LLC now owns 9,098,518 shares of the casino operator’s stock valued at $592,223,000 after purchasing an additional 6,279,390 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Las Vegas Sands by 4.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 8,582,962 shares of the casino operator’s stock worth $462,450,000 after buying an additional 396,705 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Las Vegas Sands by 18.7% during the 4th quarter. Bank of New York Mellon Corp now owns 7,893,031 shares of the casino operator’s stock worth $513,757,000 after buying an additional 1,246,206 shares in the last quarter. Norges Bank bought a new position in Las Vegas Sands in the 4th quarter valued at $364,892,000. Finally, Bamco Inc. NY bought a new position in Las Vegas Sands in the 2nd quarter valued at $174,796,000. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LVS has been the subject of several research reports. Bank of America lowered their target price on Las Vegas Sands from $70.00 to $60.00 and set a “neutral” rating for the company in a research note on Monday, July 20th. Citigroup decreased their price target on Las Vegas Sands from $78.50 to $73.00 and set a “buy” rating on the stock in a report on Friday, July 10th. JPMorgan Chase & Co. lowered their price objective on Las Vegas Sands from $64.00 to $60.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Wolfe Research began coverage on Las Vegas Sands in a report on Wednesday. They set a “peer perform” rating for the company. Finally, Wells Fargo & Company reduced their target price on shares of Las Vegas Sands from $65.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 14th. Ten equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Las Vegas Sands currently has an average rating of “Hold” and a consensus price target of $61.88.

Las Vegas Sands Stock Performance

LVS stock opened at $44.60 on Thursday. Las Vegas Sands Corp. has a twelve month low of $43.36 and a twelve month high of $70.45. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 15.27. The company has a market cap of $28.89 billion, a P/E ratio of 17.35, a price-to-earnings-growth ratio of 1.08 and a beta of 0.83. The business’s fifty day moving average is $46.19 and its 200-day moving average is $50.70.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, July 22nd. The casino operator reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.31 billion. Las Vegas Sands had a return on equity of 133.90% and a net margin of 12.59%.The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the firm earned $0.66 earnings per share. Equities research analysts forecast that Las Vegas Sands Corp. will post 3.09 EPS for the current year.

Las Vegas Sands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Tuesday, August 4th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Tuesday, August 4th. Las Vegas Sands’s payout ratio is presently 46.69%.

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.