Quantbot Technologies LP Purchases New Shares in Las Vegas Sands Corp. $LVS

Quantbot Technologies LP acquired a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 19,147 shares of the casino operator’s stock, valued at approximately $884,000.

Several other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC lifted its position in shares of Las Vegas Sands by 222.7% during 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 grew its position in Las Vegas Sands by 4.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 8,582,962 shares of the casino operator’s stock worth $462,450,000 after purchasing an additional 396,705 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Las Vegas Sands by 18.7% in the 4th quarter. Bank of New York Mellon Corp now owns 7,893,031 shares of the casino operator’s stock valued at $513,757,000 after buying an additional 1,246,206 shares during the last quarter. Norges Bank purchased a new stake in Las Vegas Sands in the 4th quarter valued at about $364,892,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Las Vegas Sands by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,780,266 shares of the casino operator’s stock worth $203,616,000 after buying an additional 90,690 shares in the last quarter. Institutional investors own 39.16% of the company’s stock.

Wall Street Analysts Forecast Growth

LVS has been the topic of a number of research analyst reports. UBS Group set a $52.00 target price on Las Vegas Sands in a research note on Thursday, July 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Las Vegas Sands in a research report on Friday, August 21st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $62.00 price target (down from $73.00) on shares of Las Vegas Sands in a report on Thursday, July 23rd. JPMorgan Chase & Co. reduced their price objective on Las Vegas Sands from $64.00 to $60.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. Finally, The Goldman Sachs Group decreased their target price on Las Vegas Sands from $63.00 to $55.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $61.88.

Las Vegas Sands Trading Down 2.2%

Shares of Las Vegas Sands stock opened at $46.24 on Thursday. The stock has a market capitalization of $29.95 billion, a P/E ratio of 17.99, a P/E/G ratio of 1.16 and a beta of 0.85. Las Vegas Sands Corp. has a 52-week low of $44.21 and a 52-week high of $70.45. The company has a debt-to-equity ratio of 15.27, a quick ratio of 0.99 and a current ratio of 1.00. The stock’s 50-day simple moving average is $46.57 and its 200 day simple moving average is $51.15.

Las Vegas Sands (NYSE:LVS) last issued its earnings results 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 return on equity of 133.90% and a net margin of 12.59%.The business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter in the prior year, the business earned $0.66 EPS. Las Vegas Sands’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, research analysts anticipate 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. Shareholders of record on Tuesday, August 4th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, August 4th. This represents a $1.20 annualized dividend and a dividend yield of 2.6%. Las Vegas Sands’s dividend payout ratio is currently 46.69%.

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.