Traders Buy Las Vegas Sands (LVS) on Weakness

Traders purchased shares of Las Vegas Sands (NYSE:LVS) on weakness during trading hours on Friday. $52.83 million flowed into the stock on the tick-up and $23.69 million flowed out of the stock on the tick-down, for a money net flow of $29.14 million into the stock. Of all equities tracked, Las Vegas Sands had the 31st highest net in-flow for the day. Las Vegas Sands traded down ($0.15) for the day and closed at $77.91

LVS has been the subject of several analyst reports. Zacks Investment Research cut Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Tuesday, March 27th. ValuEngine raised Las Vegas Sands from a “hold” rating to a “buy” rating in a report on Thursday, April 12th. Morgan Stanley lifted their price objective on Las Vegas Sands from $82.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, March 27th. Bank of America lifted their price objective on Las Vegas Sands from $80.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Finally, Telsey Advisory Group initiated coverage on Las Vegas Sands in a report on Tuesday, March 13th. They issued a “market perform” rating and a $76.00 price objective for the company. Nine research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $74.26.

The company has a debt-to-equity ratio of 1.14, a current ratio of 1.18 and a quick ratio of 1.16. The company has a market cap of $61.49 billion, a PE ratio of 25.63 and a beta of 1.66.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, April 25th. The casino operator reported $1.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.19. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.37 billion. Las Vegas Sands had a return on equity of 36.43% and a net margin of 28.32%. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.66 EPS. equities analysts expect that Las Vegas Sands will post 3.62 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 28th. Investors of record on Wednesday, June 20th will be given a dividend of $0.75 per share. The ex-dividend date is Tuesday, June 19th. This represents a $3.00 dividend on an annualized basis and a yield of 3.85%. Las Vegas Sands’s dividend payout ratio is currently 98.68%.

In related news, COO Robert G. Goldstein sold 39,155 shares of the business’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $76.00, for a total transaction of $2,975,780.00. Following the sale, the chief operating officer now owns 39,155 shares in the company, valued at approximately $2,975,780. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 10.20% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. BlackRock Inc. grew its position in Las Vegas Sands by 1.1% during the 4th quarter. BlackRock Inc. now owns 16,452,780 shares of the casino operator’s stock worth $1,143,302,000 after acquiring an additional 173,274 shares during the last quarter. Green Square Capital LLC bought a new stake in Las Vegas Sands during the 4th quarter worth $7,404,000. Levin Capital Strategies L.P. bought a new stake in Las Vegas Sands during the 4th quarter worth $250,000. Glenmede Trust Co. NA grew its position in Las Vegas Sands by 2,932.2% during the 4th quarter. Glenmede Trust Co. NA now owns 13,190 shares of the casino operator’s stock worth $915,000 after acquiring an additional 12,755 shares during the last quarter. Finally, Burney Co. bought a new stake in Las Vegas Sands during the 4th quarter worth $1,284,000. Institutional investors and hedge funds own 37.15% of the company’s stock.

About Las Vegas Sands

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and iconic Marina Bay Sands in Singapore.

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