Las Vegas Sands Corp. (NYSE:LVS) is USA Mutuals Advisors Inc.’s Largest Position

USA Mutuals Advisors Inc. decreased its position in Las Vegas Sands Corp. (NYSE:LVS) by 1.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 139,000 shares of the casino operator’s stock after selling 2,000 shares during the quarter. Las Vegas Sands accounts for 7.4% of USA Mutuals Advisors Inc.’s portfolio, making the stock its biggest holding. USA Mutuals Advisors Inc.’s holdings in Las Vegas Sands were worth $8,473,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Windward Capital Management Co. CA lifted its holdings in shares of Las Vegas Sands by 10.7% in the 1st quarter. Windward Capital Management Co. CA now owns 36,439 shares of the casino operator’s stock worth $2,221,000 after buying an additional 3,529 shares during the period. NuWave Investment Management LLC bought a new position in shares of Las Vegas Sands in the 1st quarter worth $154,000. Ferguson Wellman Capital Management Inc. raised its position in shares of Las Vegas Sands by 18.4% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 50,785 shares of the casino operator’s stock worth $3,096,000 after acquiring an additional 7,880 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Las Vegas Sands by 15.2% in the 1st quarter. Pacer Advisors Inc. now owns 135,725 shares of the casino operator’s stock worth $8,274,000 after acquiring an additional 17,955 shares in the last quarter. Finally, North Star Investment Management Corp. raised its position in shares of Las Vegas Sands by 3.7% in the 1st quarter. North Star Investment Management Corp. now owns 16,825 shares of the casino operator’s stock worth $1,026,000 after acquiring an additional 600 shares in the last quarter. 36.83% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:LVS traded up $1.01 during midday trading on Friday, hitting $68.44. The company had a trading volume of 1,792,444 shares, compared to its average volume of 3,613,005. Las Vegas Sands Corp. has a twelve month low of $47.39 and a twelve month high of $81.45. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.72 and a current ratio of 1.73. The stock has a market cap of $52.71 billion, a PE ratio of 20.61 and a beta of 1.42.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, April 17th. The casino operator reported $0.91 EPS for the quarter, beating the consensus estimate of $0.85 by $0.06. The firm had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.48 billion. Las Vegas Sands had a return on equity of 34.52% and a net margin of 11.15%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.04 earnings per share. As a group, analysts predict that Las Vegas Sands Corp. will post 3.35 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Wednesday, June 19th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $3.08 annualized dividend and a yield of 4.50%. Las Vegas Sands’s dividend payout ratio (DPR) is 92.77%.

Several research analysts recently issued reports on the company. Telsey Advisory Group reaffirmed a “market perform” rating and set a $64.00 target price (up from $58.00) on shares of Las Vegas Sands in a research report on Thursday, April 18th. Bank of America reiterated a “neutral” rating and set a $70.00 price target (up previously from $64.00) on shares of Las Vegas Sands in a research note on Wednesday, April 17th. HSBC downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Wednesday, April 17th. They noted that the move was a valuation call. Deutsche Bank boosted their price target on Las Vegas Sands from $60.00 to $69.00 and gave the company a “hold” rating in a research note on Thursday, April 18th. They noted that the move was a valuation call. Finally, Stifel Nicolaus upped their target price on Las Vegas Sands from $72.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. Las Vegas Sands currently has a consensus rating of “Hold” and a consensus price target of $68.89.

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Las Vegas Sands Company Profile

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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