GSA Capital Partners LLP Increases Stock Holdings in Las Vegas Sands Corp. (NYSE:LVS)

GSA Capital Partners LLP increased its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 42.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,045 shares of the casino operator’s stock after buying an additional 6,564 shares during the period. GSA Capital Partners LLP’s holdings in Las Vegas Sands were worth $1,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in LVS. Mid Atlantic Financial Management Inc. ADV purchased a new position in Las Vegas Sands in the 2nd quarter valued at $247,000. IFG Advisory LLC purchased a new position in Las Vegas Sands in the 2nd quarter valued at $272,000. H D Vest Advisory Services increased its stake in shares of Las Vegas Sands by 79.9% in the 2nd quarter. H D Vest Advisory Services now owns 12,644 shares of the casino operator’s stock worth $747,000 after acquiring an additional 5,615 shares during the last quarter. Altshuler Shaham Ltd increased its stake in shares of Las Vegas Sands by 0.4% in the 2nd quarter. Altshuler Shaham Ltd now owns 83,716 shares of the casino operator’s stock worth $4,947,000 after acquiring an additional 353 shares during the last quarter. Finally, Summit Wealth & Retirement Planning Inc. increased its stake in shares of Las Vegas Sands by 19.8% in the 2nd quarter. Summit Wealth & Retirement Planning Inc. now owns 12,799 shares of the casino operator’s stock worth $756,000 after acquiring an additional 2,111 shares during the last quarter. Hedge funds and other institutional investors own 36.42% of the company’s stock.

Shares of LVS traded down $1.30 during midday trading on Friday, reaching $53.11. The company had a trading volume of 3,427,955 shares, compared to its average volume of 4,126,659. Las Vegas Sands Corp. has a 1-year low of $47.39 and a 1-year high of $69.60. The stock has a market cap of $41.88 billion, a PE ratio of 16.00, a price-to-earnings-growth ratio of 7.11 and a beta of 1.52. The firm has a 50 day simple moving average of $59.11 and a 200-day simple moving average of $60.75. 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 (NYSE:LVS) last issued its earnings results on Wednesday, July 24th. The casino operator reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.09). The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.39 billion. Las Vegas Sands had a return on equity of 35.77% and a net margin of 14.01%. The firm’s revenue was up .9% compared to the same quarter last year. During the same period last year, the business earned $0.76 earnings per share. As a group, sell-side analysts anticipate that Las Vegas Sands Corp. will post 3.19 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Investors 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 5.80%. The ex-dividend date of this dividend is Tuesday, September 17th. Las Vegas Sands’s payout ratio is 92.77%.

A number of analysts have issued reports on the company. Argus downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Zacks Investment Research raised Las Vegas Sands from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a research note on Wednesday, May 22nd. Goldman Sachs Group raised Las Vegas Sands to a “buy” rating in a research note on Tuesday, June 11th. Finally, Morgan Stanley cut their target price on Las Vegas Sands from $71.00 to $68.00 and set an “overweight” rating for the company in a research note on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus 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.

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

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