Las Vegas Sands Corp. (LVS) Shares Bought by Cornerstone Capital Management Holdings LLC.

Las Vegas Sands Corp. (LVS) Shares Bought by Cornerstone Capital Management Holdings LLC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bristol Advisors LLC acquired a new position in Las Vegas Sands Corp. during the fourth quarter worth about $310,000. Gerber Kawasaki Wealth & Investment Management boosted its position in Las Vegas Sands Corp. by 30.6% in the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 66,448 shares of the casino operator’s stock worth $3,548,000 after buying an additional 15,588 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Las Vegas Sands Corp. by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 732,159 shares of the casino operator’s stock worth $39,109,000 after buying an additional 8,827 shares in the last quarter. Argent Capital Management LLC boosted its position in Las Vegas Sands Corp. by 0.9% in the third quarter. Argent Capital Management LLC now owns 336,382 shares of the casino operator’s stock worth $19,355,000 after buying an additional 3,104 shares in the last quarter. Finally, Arrowpoint Asset Management LLC boosted its position in Las Vegas Sands Corp. by 39.8% in the fourth quarter. Arrowpoint Asset Management LLC now owns 240,783 shares of the casino operator’s stock worth $12,860,000 after buying an additional 68,569 shares in the last quarter. 40.16% of the stock is owned by institutional investors and hedge funds.

Cornerstone Capital Management Holdings LLC. raised its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 14.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 134,584 shares of the casino operator’s stock after buying an additional 17,273 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in Las Vegas Sands Corp. were worth $7,680,000 as of its most recent SEC filing.

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

Las Vegas Sands Corp. (NYSE:LVS) last announced its earnings results on Wednesday, April 26th. The casino operator reported $0.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.04. The company had revenue of $3.11 billion for 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%. Las Vegas Sands Corp.’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 earnings per share. On average, equities analysts predict that Las Vegas Sands Corp. will post $2.59 earnings per share for the current fiscal year.

The business 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. The ex-dividend date of this dividend is Tuesday, June 20th. This represents a $2.92 annualized dividend and a dividend yield of 4.94%. Las Vegas Sands Corp.’s payout ratio is 137.14%.

A number of analysts recently commented on LVS shares. Vetr lowered Las Vegas Sands Corp. from a “strong-buy” rating to a “buy” rating and set a $58.42 price objective for the company. in a research report on Wednesday, March 1st. CLSA reiterated a “buy” rating on shares of Las Vegas Sands Corp. in a research report on Thursday, April 27th. Aegis reiterated a “buy” rating and issued a $60.00 price objective (up from $59.00) on shares of Las Vegas Sands Corp. in a research report on Sunday, April 23rd. Stifel Nicolaus lowered their price objective on Las Vegas Sands Corp. from $65.00 to $63.00 and set a “buy” rating for the company in a research report on Monday, April 10th. Finally, Barclays PLC upgraded Las Vegas Sands Corp. from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $55.00 to $68.00 in a research report on Friday, May 12th. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Las Vegas Sands Corp. presently has a consensus rating of “Buy” and a consensus price target of $61.72.

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.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”});

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