Las Vegas Sands Corp. (LVS) Shares Bought by Cumberland Advisors Inc.

Cumberland Advisors Inc. grew its position in Las Vegas Sands Corp. (NYSE:LVS) by 1.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,150 shares of the casino operator’s stock after purchasing an additional 200 shares during the quarter. Cumberland Advisors Inc.’s holdings in Las Vegas Sands were worth $1,167,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Las Vegas Sands during the fourth quarter worth approximately $229,684,000. Valley National Advisers Inc. increased its stake in shares of Las Vegas Sands by 60.0% in the fourth quarter. Valley National Advisers Inc. now owns 1,600 shares of the casino operator’s stock worth $83,000 after buying an additional 600 shares during the period. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund purchased a new position in shares of Las Vegas Sands in the fourth quarter worth $303,000. Advisory Services Network LLC increased its stake in shares of Las Vegas Sands by 155.9% in the fourth quarter. Advisory Services Network LLC now owns 1,894 shares of the casino operator’s stock worth $98,000 after buying an additional 1,154 shares during the period. Finally, River & Mercantile Asset Management LLP purchased a new position in shares of Las Vegas Sands in the fourth quarter worth $5,243,000. 36.81% of the stock is currently owned by institutional investors.

LVS stock traded down $0.36 during midday trading on Wednesday, reaching $67.80. The company’s stock had a trading volume of 73,920 shares, compared to its average volume of 3,422,993. The company has a quick ratio of 1.75, a current ratio of 1.76 and a debt-to-equity ratio of 1.76. Las Vegas Sands Corp. has a 1 year low of $47.39 and a 1 year high of $81.45. The firm has a market cap of $52.67 billion, a price-to-earnings ratio of 20.38 and a beta of 1.40.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, January 23rd. The casino operator reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.08). Las Vegas Sands had a return on equity of 33.84% and a net margin of 17.58%. The business had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.52 billion. During the same quarter in the previous year, the business earned $0.88 EPS. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. Research analysts expect that Las Vegas Sands Corp. will post 3.23 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, March 20th were given a dividend of $0.77 per share. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.54%. Las Vegas Sands’s dividend payout ratio is presently 92.77%.

LVS has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a report on Tuesday, April 9th. Deutsche Bank lifted their price target on shares of Las Vegas Sands to $60.00 and gave the company a “buy” rating in a report on Thursday, January 24th. HSBC cut shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Wednesday. They noted that the move was a valuation call. Morgan Stanley boosted their target price on shares of Las Vegas Sands from $64.00 to $66.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Finally, Bank of America boosted their target price on shares of Las Vegas Sands from $64.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $70.03.

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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.

Further Reading: SEC Filing

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

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