Commerce Bank Invests $923,000 in Las Vegas Sands Corp. $LVS

Commerce Bank acquired a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 19,981 shares of the casino operator’s stock, valued at approximately $923,000.

A number of other hedge funds also recently made changes to their positions in LVS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings 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 purchasing an additional 2,418 shares in the last quarter. Woodline Partners LP raised its position 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 valued at $1,122,000 after purchasing an additional 8,132 shares during the period. EverSource Wealth Advisors LLC raised its position 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 valued at $93,000 after purchasing an additional 1,027 shares during the period. Flow Traders U.S. LLC purchased a new position in shares of Las Vegas Sands during the 2nd quarter valued at $414,000. Finally, Cerity Partners LLC lifted its stake 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 buying an additional 7,243 shares in the last quarter. 39.16% of the stock is currently owned by institutional investors.

Las Vegas Sands Stock Down 2.2%

Shares of LVS stock opened at $46.24 on Thursday. The company’s fifty day simple moving average is $46.57 and its two-hundred day simple moving average is $51.15. Las Vegas Sands Corp. has a 52 week low of $44.21 and a 52 week high of $70.45. The stock has a market cap of $29.95 billion, a P/E ratio of 17.99, a PEG ratio of 1.16 and a beta of 0.85. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 15.27.

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

Las Vegas Sands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Investors of record on Tuesday, August 4th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. Las Vegas Sands’s dividend payout ratio is presently 46.69%.

Wall Street Analyst Weigh In

LVS has been the subject of a number of analyst reports. Wells Fargo & Company cut their price target on Las Vegas Sands from $65.00 to $53.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $62.00 price objective (down from $73.00) on shares of Las Vegas Sands in a research report on Thursday, July 23rd. Stifel Nicolaus dropped their price objective on Las Vegas Sands from $74.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. JPMorgan Chase & Co. cut their target price 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. Finally, HC Wainwright downgraded Las Vegas Sands to a “neutral” rating in a research note on Thursday, July 30th. Ten equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Las Vegas Sands has an average rating of “Hold” and an average target price of $61.88.

About Las Vegas Sands

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.