Sigma Planning Corp Increases Stake in Las Vegas Sands Corp. (NYSE:LVS)

Sigma Planning Corp raised its position in Las Vegas Sands Corp. (NYSE:LVS) by 5.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 8,138 shares of the casino operator’s stock after purchasing an additional 399 shares during the period. Sigma Planning Corp’s holdings in Las Vegas Sands were worth $481,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of LVS. Bessemer Group Inc. increased its position in shares of Las Vegas Sands by 78,490.5% during the 2nd quarter. Bessemer Group Inc. now owns 569,781 shares of the casino operator’s stock worth $33,668,000 after purchasing an additional 569,056 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Las Vegas Sands by 356.4% during the first quarter. Assenagon Asset Management S.A. now owns 440,958 shares of the casino operator’s stock worth $26,881,000 after buying an additional 344,341 shares during the period. BlackRock Inc. increased its position in Las Vegas Sands by 1.9% during the first quarter. BlackRock Inc. now owns 17,852,221 shares of the casino operator’s stock worth $1,088,272,000 after buying an additional 334,937 shares during the period. DekaBank Deutsche Girozentrale increased its position in Las Vegas Sands by 181.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 501,467 shares of the casino operator’s stock worth $33,047,000 after buying an additional 323,012 shares during the period. Finally, Neuberger Berman Group LLC increased its holdings in shares of Las Vegas Sands by 113.6% in the first quarter. Neuberger Berman Group LLC now owns 415,994 shares of the casino operator’s stock valued at $25,359,000 after purchasing an additional 221,214 shares during the period. 36.42% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:LVS opened at $54.47 on Tuesday. The company has a quick ratio of 1.62, a current ratio of 1.64 and a debt-to-equity ratio of 1.81. Las Vegas Sands Corp. has a 52-week low of $47.39 and a 52-week high of $69.60. The stock’s fifty day simple moving average is $59.71 and its 200-day simple moving average is $60.85. The company has a market capitalization of $40.34 billion, a P/E ratio of 16.41, a P/E/G ratio of 6.85 and a beta of 1.52.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, July 24th. The casino operator reported $0.72 earnings per share (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 company had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.39 billion. During the same quarter in the prior year, the company earned $0.76 earnings per share. The firm’s revenue was up .9% compared to the same quarter last year. On average, sell-side analysts anticipate that Las Vegas Sands Corp. will post 3.19 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Wednesday, September 18th will be given a $0.77 dividend. The ex-dividend date is Tuesday, September 17th. This represents a $3.08 annualized dividend and a dividend yield of 5.65%. Las Vegas Sands’s dividend payout ratio is currently 92.77%.

A number of research analysts recently weighed in on the company. Zacks Investment Research raised Las Vegas Sands from a “hold” rating to a “buy” rating and set a $66.00 price objective on the stock in a report on Wednesday, May 22nd. Argus lowered Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Tuesday. Morgan Stanley dropped their price objective on Las Vegas Sands from $71.00 to $68.00 and set an “overweight” rating on the stock in a report on Thursday, June 6th. Finally, Goldman Sachs Group raised Las Vegas Sands to a “buy” rating in a report on Tuesday, June 11th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $68.46.

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: How to Use a Moving Average for Trading 

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

Receive News & Ratings for Las Vegas Sands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Las Vegas Sands and related companies with MarketBeat.com's FREE daily email newsletter.