Investec Asset Management LTD Has $115.02 Million Position in Las Vegas Sands Corp. (LVS)

Investec Asset Management LTD increased its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 38.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,800,200 shares of the casino operator’s stock after acquiring an additional 500,619 shares during the period. Investec Asset Management LTD owned about 0.23% of Las Vegas Sands Corp. worth $115,015,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of LVS. TrimTabs Asset Management LLC grew its holdings in Las Vegas Sands Corp. by 88.8% during the first quarter. TrimTabs Asset Management LLC now owns 1,837 shares of the casino operator’s stock worth $105,000 after acquiring an additional 864 shares during the period. Global X Management Co. LLC grew its holdings 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 worth $106,000 after acquiring an additional 126 shares during the period. Ffcm LLC grew its holdings 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 worth $153,000 after acquiring an additional 1,160 shares during the period. State of Alaska Department of Revenue grew its holdings 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 worth $166,000 after acquiring an additional 510 shares during the period. Finally, Point72 Asia Hong Kong Ltd grew its holdings 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 worth $171,000 after acquiring an additional 1,395 shares during the period. 38.03% of the stock is currently owned by hedge funds and other institutional investors.

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Las Vegas Sands Corp. (NYSE:LVS) traded down 1.31% during trading on Friday, hitting $63.25. The stock had a trading volume of 2,957,845 shares. The stock’s 50 day moving average price is $61.54 and its 200 day moving average price is $59.85. Las Vegas Sands Corp. has a 12-month low of $51.35 and a 12-month high of $66.22. The firm has a market cap of $50.09 billion, a P/E ratio of 24.61 and a beta of 1.78.

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

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

LVS has been the topic of several analyst reports. Bank of America Corporation reaffirmed a “buy” rating and set a $67.00 target price (up from $65.00) on shares of Las Vegas Sands Corp. in a report on Friday, July 21st. Stifel Nicolaus reaffirmed a “buy” rating and set a $70.00 target price (up from $66.00) on shares of Las Vegas Sands Corp. in a report on Tuesday, July 18th. Zacks Investment Research raised Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Tuesday, June 27th. Vetr raised Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $63.09 target price on the stock in a report on Wednesday, May 31st. Finally, CLSA reaffirmed a “buy” rating on shares of Las Vegas Sands Corp. in a report on Wednesday, July 5th. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Las Vegas Sands Corp. currently has an average rating of “Buy” and a consensus price target of $62.91.

Las Vegas Sands Corp. Company 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.

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

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