Tidal Investments LLC Acquires 23,597 Shares of Las Vegas Sands Corp. $LVS

Tidal Investments LLC increased its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 50.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,778 shares of the casino operator’s stock after acquiring an additional 23,597 shares during the period. Tidal Investments LLC’s holdings in Las Vegas Sands were worth $3,269,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. California State Teachers Retirement System boosted its position in shares of Las Vegas Sands by 4,502.5% during the second quarter. California State Teachers Retirement System now owns 23,512,696 shares of the casino operator’s stock worth $1,086,051,000 after buying an additional 23,001,830 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Las Vegas Sands by 58.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 8,186,257 shares of the casino operator’s stock valued at $532,843,000 after acquiring an additional 3,018,704 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Las Vegas Sands by 18.7% during the fourth 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 purchasing an additional 1,246,206 shares during the last quarter. Norges Bank bought a new position in Las Vegas Sands in the fourth quarter valued at approximately $364,892,000. Finally, Allianz Asset Management GmbH increased its holdings in Las Vegas Sands by 36.9% during the second quarter. Allianz Asset Management GmbH now owns 4,617,148 shares of the casino operator’s stock worth $213,266,000 after buying an additional 1,244,943 shares during the last quarter. Institutional investors and hedge funds 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. Wolfe Research initiated coverage on shares of Las Vegas Sands in a report on Wednesday, September 2nd. They issued a “peer perform” rating on the stock. Wall Street Zen cut Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Seaport Research Partners reduced their price objective on shares of Las Vegas Sands from $69.00 to $59.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $62.00 target price (down from $73.00) on shares of Las Vegas Sands in a research note on Thursday, July 23rd. Finally, UBS Group set a $52.00 price objective on shares of Las Vegas Sands in a research report on Thursday, July 2nd. Ten equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Las Vegas Sands has an average rating of “Hold” and a consensus price target of $59.84.

Las Vegas Sands Stock Down 1.0%

Shares of NYSE LVS opened at $42.41 on Tuesday. Las Vegas Sands Corp. has a 1 year low of $42.11 and a 1 year high of $70.45. The company has a 50 day simple moving average of $45.70 and a 200 day simple moving average of $49.93. The firm has a market cap of $27.47 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of 1.06 and a beta of 0.83. The company has a debt-to-equity ratio of 15.27, a current ratio of 1.00 and a quick ratio of 0.99.

Las Vegas Sands (NYSE:LVS) last issued its quarterly 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). The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.31 billion. Las Vegas Sands had a return on equity of 133.90% and a net margin of 12.59%.The business’s revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.66 earnings per share. On average, research analysts forecast that Las Vegas Sands Corp. will post 3.09 EPS for the current year.

Las Vegas Sands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Tuesday, August 4th were given a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $1.20 annualized dividend and a yield of 2.8%. Las Vegas Sands’s payout ratio is currently 46.69%.

Las Vegas Sands Profile

Las Vegas Sands Corp. (NYSE: LVS) develops and operates integrated resorts that combine casino gaming with hotels, convention and meeting facilities, dining, retail, entertainment and other leisure offerings. The company primarily serves international tourism, business travel and premium gaming markets.

Las Vegas Sands’ principal properties are Marina Bay Sands in Singapore and a portfolio of integrated resorts in Macao, including The Venetian Macao, The Londoner Macao, The Parisian Macao and Four Seasons Hotel Macao.