Boston Partners Increases Holdings in Las Vegas Sands Corp. (NYSE:LVS)

Boston Partners boosted its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 16.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,063,064 shares of the casino operator’s stock after acquiring an additional 858,697 shares during the quarter. Boston Partners owned 0.79% of Las Vegas Sands worth $358,510,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of LVS. Enterprise Financial Services Corp grew its position in Las Vegas Sands by 35.0% during the second quarter. Enterprise Financial Services Corp now owns 991 shares of the casino operator’s stock valued at $59,000 after buying an additional 257 shares during the period. Almanack Investment Partners LLC. purchased a new stake in Las Vegas Sands during the second quarter valued at about $109,000. Baltimore Capital Management Inc. purchased a new stake in Las Vegas Sands during the first quarter valued at about $946,000. Stormborn Capital Management LLC lifted its holdings in Las Vegas Sands by 9,900.0% during the first quarter. Stormborn Capital Management LLC now owns 50,000 shares of the casino operator’s stock valued at $3,048,000 after purchasing an additional 49,500 shares during the last quarter. Finally, Annex Advisory Services LLC lifted its holdings in Las Vegas Sands by 2.1% during the second quarter. Annex Advisory Services LLC now owns 25,709 shares of the casino operator’s stock valued at $1,519,000 after purchasing an additional 528 shares during the last quarter. 36.29% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:LVS traded up $0.33 during midday trading on Friday, hitting $60.48. 50,707 shares of the company traded hands, compared to its average volume of 3,574,098. The firm’s fifty day moving average is $56.20 and its 200-day moving average is $60.33. The firm has a market capitalization of $46.60 billion, a P/E ratio of 18.22, a P/E/G ratio of 7.77 and a beta of 1.60. The company has a current ratio of 1.64, a quick ratio of 1.62 and a debt-to-equity ratio of 1.81. Las Vegas Sands Corp. has a 12-month low of $47.39 and a 12-month high of $69.60.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, July 24th. The casino operator reported $0.72 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.09). Las Vegas Sands had a net margin of 14.01% and a return on equity of 35.77%. The business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same period last year, the company earned $0.76 EPS. The business’s revenue was up .9% compared to the same quarter last year. On average, research analysts expect that Las Vegas Sands Corp. will post 3.17 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Wednesday, September 18th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date of this dividend is Tuesday, September 17th. Las Vegas Sands’s payout ratio is 92.77%.

LVS has been the topic of several recent research reports. UBS Group dropped their price objective on shares of Las Vegas Sands from $63.00 to $62.00 and set a “neutral” rating on the stock in a report on Friday. Zacks Investment Research raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a report on Wednesday, May 22nd. Standpoint Research began coverage on shares of Las Vegas Sands in a report on Wednesday, September 4th. They issued a “buy” rating on the stock. Goldman Sachs Group raised shares of Las Vegas Sands to a “buy” rating in a report on Tuesday, June 11th. Finally, Argus downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $67.36.

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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Institutional Ownership by Quarter for Las Vegas Sands (NYSE:LVS)

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