Short Interest in Las Vegas Sands Corp. (NYSE:LVS) Declines By 14.4%

Las Vegas Sands Corp. (NYSE:LVS) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totalling 5,814,100 shares, a decline of 14.4% from the May 30th total of 6,792,800 shares. Currently, 1.7% of the shares of the stock are short sold. Based on an average trading volume of 4,210,000 shares, the days-to-cover ratio is presently 1.4 days.

LVS has been the topic of a number of research reports. Bank of America reaffirmed a “buy” rating and issued a C$10.00 price objective on shares of Hexo in a research note on Wednesday, April 17th. Deutsche Bank lifted their price objective on Las Vegas Sands from $60.00 to $69.00 and gave the stock a “hold” rating in a research note on Thursday, April 18th. They noted that the move was a valuation call. Zacks Investment Research downgraded Horiba from a “hold” rating to a “sell” rating in a research note on Wednesday, May 22nd. JPMorgan Chase & Co. set a €8.75 ($10.17) price objective on Commerzbank and gave the stock a “buy” rating in a research note on Thursday, April 18th. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $108.00 target price on shares of Wynn Resorts in a report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $68.46.

Shares of Las Vegas Sands stock traded up $0.63 on Friday, reaching $63.23. The company had a trading volume of 2,052,077 shares, compared to its average volume of 3,317,038. The firm has a market capitalization of $48.38 billion, a price-to-earnings ratio of 19.05 and a beta of 1.52. The company has a current ratio of 1.73, a quick ratio of 1.72 and a debt-to-equity ratio of 1.85. The firm’s 50-day simple moving average is $58.51. Las Vegas Sands has a 1 year low of $47.39 and a 1 year high of $76.10.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, April 17th. The casino operator reported $0.91 EPS for the quarter, topping the Zacks’ 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 company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.04 EPS. Equities analysts expect that Las Vegas Sands will post 3.59 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Wednesday, June 19th were issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date of this dividend was Tuesday, June 18th. Las Vegas Sands’s dividend payout ratio (DPR) is 92.77%.

Institutional investors have recently made changes to their positions in the company. Private Capital Group LLC boosted its holdings in Las Vegas Sands by 55.7% during the 1st quarter. Private Capital Group LLC now owns 467 shares of the casino operator’s stock valued at $28,000 after acquiring an additional 167 shares during the period. First Interstate Bank boosted its holdings in Las Vegas Sands by 70.8% during the 1st quarter. First Interstate Bank now owns 410 shares of the casino operator’s stock valued at $25,000 after acquiring an additional 170 shares during the period. BOKF NA boosted its holdings in Las Vegas Sands by 2.7% during the 4th quarter. BOKF NA now owns 6,912 shares of the casino operator’s stock valued at $359,000 after acquiring an additional 181 shares during the period. Windward Capital Management Co. CA boosted its holdings in Las Vegas Sands by 0.5% during the 2nd quarter. Windward Capital Management Co. CA now owns 36,627 shares of the casino operator’s stock valued at $2,164,000 after acquiring an additional 188 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in Las Vegas Sands by 24.8% during the 4th quarter. Bessemer Group Inc. now owns 972 shares of the casino operator’s stock valued at $50,000 after acquiring an additional 193 shares during the period. Hedge funds and other institutional investors own 36.37% of the company’s stock.

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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