Ajo LP Acquires New Position in Las Vegas Sands Corp. (LVS)

Ajo LP acquired a new position in Las Vegas Sands Corp. (NYSE:LVS) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 72,132 shares of the casino operator’s stock, valued at approximately $4,609,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. TrimTabs Asset Management LLC increased its stake in shares of Las Vegas Sands Corp. by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 1,837 shares of the casino operator’s stock worth $105,000 after purchasing an additional 864 shares in the last quarter. Global X Management Co. LLC grew its stake in Las Vegas Sands Corp. by 8.3% during the second quarter. Global X Management Co. LLC now owns 1,653 shares of the casino operator’s stock valued at $106,000 after acquiring an additional 126 shares in the last quarter. Ffcm LLC grew its stake in Las Vegas Sands Corp. by 90.9% during the second quarter. Ffcm LLC now owns 2,436 shares of the casino operator’s stock valued at $153,000 after acquiring an additional 1,160 shares in the last quarter. State of Alaska Department of Revenue grew its stake in Las Vegas Sands Corp. by 24.4% during the second quarter. State of Alaska Department of Revenue now owns 2,603 shares of the casino operator’s stock valued at $166,000 after acquiring an additional 510 shares in the last quarter. Finally, Point72 Asia Hong Kong Ltd grew its stake in Las Vegas Sands Corp. by 87.2% during the first quarter. Point72 Asia Hong Kong Ltd now owns 2,994 shares of the casino operator’s stock valued at $171,000 after acquiring an additional 1,395 shares in the last quarter. 38.03% of the stock is owned by hedge funds and other institutional investors.

Las Vegas Sands Corp. (LVS) opened at 63.25 on Friday. The stock has a market cap of $50.09 billion, a P/E ratio of 24.61 and a beta of 1.78. The stock has a 50 day moving average of $61.54 and a 200-day moving average of $59.85. Las Vegas Sands Corp. has a 12 month low of $51.35 and a 12 month high of $66.22.

Las Vegas Sands Corp. (NYSE:LVS) last released its earnings results on Wednesday, July 26th. The casino operator reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.14. Las Vegas Sands Corp. had a net margin of 16.66% and a return on equity of 29.91%. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period in the prior year, the firm earned $0.52 earnings per share. The business’s quarterly revenue was up 18.5% compared to the same quarter last year. On average, equities analysts forecast that Las Vegas Sands Corp. will post $2.74 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 21st will be paid a dividend of $0.73 per share. The ex-dividend date is Wednesday, September 20th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.62%. Las Vegas Sands Corp.’s payout ratio is 113.18%.

Several equities analysts recently weighed in on the stock. Stifel Nicolaus reaffirmed a “buy” rating on shares of Las Vegas Sands Corp. in a research note on Sunday, September 3rd. UBS AG reiterated a “neutral” rating on shares of Las Vegas Sands Corp. in a research report on Monday, July 10th. Instinet reiterated a “neutral” rating on shares of Las Vegas Sands Corp. in a research report on Monday, July 17th. Vetr lowered shares of Las Vegas Sands Corp. from a “buy” rating to a “hold” rating and set a $64.62 price objective for the company. in a research report on Monday, June 5th. Finally, Zacks Investment Research lowered shares of Las Vegas Sands Corp. from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $62.91.

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Las Vegas Sands Corp. Profile

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.

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Institutional Ownership by Quarter for Las Vegas Sands Corp. (NYSE:LVS)

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