Las Vegas Sands Corp. $LVS is ARGA Investment Management LP’s 6th Largest Position

ARGA Investment Management LP raised its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 10.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 3,748,681 shares of the casino operator’s stock after purchasing an additional 343,203 shares during the period. Las Vegas Sands accounts for about 6.6% of ARGA Investment Management LP’s holdings, making the stock its 6th biggest position. ARGA Investment Management LP’s holdings in Las Vegas Sands were worth $201,979,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of LVS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Las Vegas Sands by 8.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,251 shares of the casino operator’s stock valued at $1,207,000 after acquiring an additional 2,418 shares in the last quarter. Woodline Partners LP increased its stake in shares of Las Vegas Sands by 38.9% during the 1st quarter. Woodline Partners LP now owns 29,032 shares of the casino operator’s stock worth $1,122,000 after purchasing an additional 8,132 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Las Vegas Sands by 91.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,146 shares of the casino operator’s stock worth $93,000 after purchasing an additional 1,027 shares during the last quarter. Flow Traders U.S. LLC bought a new position in shares of Las Vegas Sands during the 2nd quarter valued at $414,000. Finally, Cerity Partners LLC raised its holdings in shares of Las Vegas Sands by 70.0% during the 2nd quarter. Cerity Partners LLC now owns 17,595 shares of the casino operator’s stock valued at $766,000 after purchasing an additional 7,243 shares in the last quarter. 39.16% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands Stock Performance

LVS opened at $46.65 on Friday. The firm has a market capitalization of $30.91 billion, a P/E ratio of 17.28, a price-to-earnings-growth ratio of 1.05 and a beta of 0.83. The stock’s 50 day moving average price is $49.61 and its two-hundred day moving average price is $54.64. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 8.64. Las Vegas Sands Corp. has a 12-month low of $45.12 and a 12-month high of $70.45.

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

Las Vegas Sands Announces Dividend

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

Analysts Set New Price Targets

LVS has been the topic of several analyst reports. Weiss Ratings downgraded shares of 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. Wall Street Zen raised Las Vegas Sands from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. HSBC raised their price objective on Las Vegas Sands from $73.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Finally, Morgan Stanley upped their target price on Las Vegas Sands from $67.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Las Vegas Sands has an average rating of “Moderate Buy” and an average target price of $66.81.

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.