Flagship Harbor Advisors LLC Takes Position in Las Vegas Sands Corp. (LVS)

Flagship Harbor Advisors LLC acquired a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 1,778 shares of the casino operator’s stock, valued at approximately $135,000.

Other institutional investors also recently bought and sold shares of the company. Great West Life Assurance Co. Can lifted its position in Las Vegas Sands by 2.7% during the 2nd quarter. Great West Life Assurance Co. Can now owns 264,157 shares of the casino operator’s stock worth $20,176,000 after acquiring an additional 7,011 shares during the period. Perpetual Ltd lifted its position in Las Vegas Sands by 144.1% during the 2nd quarter. Perpetual Ltd now owns 8,300 shares of the casino operator’s stock worth $635,000 after acquiring an additional 4,900 shares during the period. Signet Financial Management LLC acquired a new stake in Las Vegas Sands during the 2nd quarter worth approximately $897,000. Handelsbanken Fonder AB lifted its position in Las Vegas Sands by 51.7% during the 2nd quarter. Handelsbanken Fonder AB now owns 88,000 shares of the casino operator’s stock worth $6,720,000 after acquiring an additional 30,000 shares during the period. Finally, Standard Life Aberdeen plc lifted its position in Las Vegas Sands by 118.3% during the 2nd quarter. Standard Life Aberdeen plc now owns 75,618 shares of the casino operator’s stock worth $5,775,000 after acquiring an additional 40,979 shares during the period. 38.54% of the stock is owned by institutional investors.

Shares of LVS stock opened at $58.31 on Tuesday. The firm has a market cap of $46.75 billion, a P/E ratio of 19.19 and a beta of 1.56. Las Vegas Sands Corp. has a 1 year low of $57.61 and a 1 year high of $81.45. The company has a quick ratio of 1.68, a current ratio of 1.70 and a debt-to-equity ratio of 1.40.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, July 25th. The casino operator reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.06). The firm had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.29 billion. Las Vegas Sands had a return on equity of 35.22% and a net margin of 28.06%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.73 earnings per share. As a group, research analysts predict that Las Vegas Sands Corp. will post 3.52 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 27th. Investors of record on Wednesday, September 19th were issued a dividend of $0.75 per share. The ex-dividend date was Tuesday, September 18th. This represents a $3.00 annualized dividend and a yield of 5.14%. Las Vegas Sands’s dividend payout ratio is presently 98.68%.

LVS has been the subject of several recent analyst reports. Nomura reduced their price target on Las Vegas Sands from $76.00 to $72.00 and set a “neutral” rating for the company in a report on Monday, July 9th. Credit Suisse Group initiated coverage on Las Vegas Sands in a report on Tuesday, August 14th. They issued a “neutral” rating and a $72.00 price target for the company. Zacks Investment Research cut Las Vegas Sands from a “strong-buy” rating to a “hold” rating in a report on Monday, June 18th. ValuEngine cut Las Vegas Sands from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. Finally, Morgan Stanley raised their price target on Las Vegas Sands from $85.00 to $86.00 and gave the company an “overweight” rating in a report on Tuesday, June 26th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $77.00.

In related news, COO Robert G. Goldstein purchased 10,000 shares of the company’s stock in a transaction on Tuesday, July 31st. The stock was bought at an average price of $71.13 per share, with a total value of $711,300.00. Following the completion of the transaction, the chief operating officer now owns 10,000 shares of the company’s stock, valued at approximately $711,300. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lawrence A. Jacobs sold 66,667 shares of the firm’s stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $60.95, for a total value of $4,063,353.65. Following the transaction, the executive vice president now directly owns 66,667 shares of the company’s stock, valued at approximately $4,063,353.65. The disclosure for this sale can be found here. Insiders own 10.20% 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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Institutional Ownership by Quarter for Las Vegas Sands (NYSE:LVS)

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