Las Vegas Sands Corp. (LVS) Shares Bought by Arizona State Retirement System

Las Vegas Sands Corp. (LVS) Shares Bought by Arizona State Retirement System

Several other large investors also recently made changes to their positions in LVS. TrimTabs Asset Management LLC boosted 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 buying an additional 864 shares in the last quarter. Financial Architects Inc boosted its stake in shares of Las Vegas Sands Corp. by 226.1% in the first quarter. Financial Architects Inc now owns 1,875 shares of the casino operator’s stock worth $107,000 after buying an additional 1,300 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Las Vegas Sands Corp. during the first quarter worth about $119,000. Advantage Investment Management LLC bought a new stake in shares of Las Vegas Sands Corp. during the fourth quarter worth about $141,000. Finally, Nikko Asset Management Americas Inc. bought a new stake in shares of Las Vegas Sands Corp. during the first quarter worth about $154,000. Institutional investors own 40.16% of the company’s stock.

Arizona State Retirement System increased its position in Las Vegas Sands Corp. (NYSE:LVS) by 0.3% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 36,374 shares of the casino operator’s stock after buying an additional 100 shares during the period. Arizona State Retirement System’s holdings in Las Vegas Sands Corp. were worth $2,076,000 at the end of the most recent quarter.

Las Vegas Sands Corp. (NYSE LVS) traded up 0.73% during mid-day trading on Wednesday, hitting $59.13. The stock had a trading volume of 4,646,729 shares. Las Vegas Sands Corp. has a 52 week low of $41.45 and a 52 week high of $63.38. The stock has a market capitalization of $46.95 billion, a P/E ratio of 25.71 and a beta of 1.91. The company’s 50 day moving average is $57.83 and its 200-day moving average is $56.31. Las Vegas Sands Corp. also saw some unusual options trading on Tuesday. Investors acquired 1,966 call options on the stock. This represents an increase of 156% compared to the typical volume of 769 call options.

Las Vegas Sands Corp. (NYSE:LVS) last announced its quarterly earnings results on Wednesday, April 26th. The casino operator reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.04. The company had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $3.11 billion. Las Vegas Sands Corp. had a return on equity of 23.75% and a net margin of 14.64%. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 earnings per share. On average, analysts expect that Las Vegas Sands Corp. will post $2.59 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 22nd will be given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 4.94%. The ex-dividend date is Tuesday, June 20th. Las Vegas Sands Corp.’s payout ratio is 137.14%.

A number of equities research analysts have recently issued reports on LVS shares. Stifel Nicolaus dropped their price objective on Las Vegas Sands Corp. from $65.00 to $63.00 and set a “buy” rating on the stock in a research note on Monday, April 10th. Goldman Sachs Group Inc restated a “buy” rating on shares of Las Vegas Sands Corp. in a research note on Tuesday, March 28th. Aegis restated a “buy” rating and issued a $59.00 price target on shares of Las Vegas Sands Corp. in a research note on Wednesday, March 22nd. Vetr cut Las Vegas Sands Corp. from a “strong-buy” rating to a “buy” rating and set a $58.42 price target on the stock. in a research note on Wednesday, March 1st. Finally, Susquehanna Bancshares Inc restated a “buy” rating and issued a $69.00 price target on shares of Las Vegas Sands Corp. in a research note on Friday, April 28th. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $61.72.

About Las Vegas Sands Corp.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LVS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding LVS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Las Vegas Sands Corp. (NYSE:LVS).

Related posts

Leave a Comment