Groupama Asset Managment Acquires 11,369 Shares of Las Vegas Sands Corp. $LVS

Groupama Asset Managment increased its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 125.6% during the 1st quarter, Holdings Channel reports. The institutional investor owned 20,418 shares of the casino operator’s stock after buying an additional 11,369 shares during the period. Groupama Asset Managment’s holdings in Las Vegas Sands were worth $1,100,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Las Vegas Sands by 8.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,251 shares of the casino operator’s stock worth $1,207,000 after purchasing an additional 2,418 shares in the last quarter. Woodline Partners LP grew its stake in shares of Las Vegas Sands by 38.9% during the first quarter. Woodline Partners LP now owns 29,032 shares of the casino operator’s stock valued at $1,122,000 after purchasing an additional 8,132 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Las Vegas Sands by 91.8% in the second quarter. EverSource Wealth Advisors LLC now owns 2,146 shares of the casino operator’s stock valued at $93,000 after purchasing an additional 1,027 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of Las Vegas Sands in the second quarter valued at approximately $414,000. Finally, Cerity Partners LLC raised its position in Las Vegas Sands by 70.0% in the 2nd quarter. Cerity Partners LLC now owns 17,595 shares of the casino operator’s stock worth $766,000 after purchasing an additional 7,243 shares during the last quarter. Institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Trading Down 1.7%

LVS opened at $49.02 on Friday. The firm has a 50 day simple moving average of $48.13 and a 200 day simple moving average of $52.75. Las Vegas Sands Corp. has a fifty-two week low of $44.21 and a fifty-two week high of $70.45. The company has a market cap of $31.75 billion, a price-to-earnings ratio of 19.07, a price-to-earnings-growth ratio of 1.29 and a beta of 0.83. The company has a debt-to-equity ratio of 15.27, a current ratio of 1.00 and a quick ratio of 0.91.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). Las Vegas Sands had a net margin of 12.59% and a return on equity of 133.90%. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the previous year, the business posted $0.66 earnings per share. Las Vegas Sands’s revenue was down .7% compared to the same quarter last year. On average, sell-side analysts anticipate that Las Vegas Sands Corp. will post 3.12 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 12th. Stockholders of record on Tuesday, August 4th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, August 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.4%. Las Vegas Sands’s dividend payout ratio is 46.69%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on LVS shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $62.00 price objective (down from $73.00) on shares of Las Vegas Sands in a report on Thursday, July 23rd. HC Wainwright cut Las Vegas Sands to a “neutral” rating in a research note on Thursday. Jefferies Financial Group boosted their target price on Las Vegas Sands from $61.00 to $63.00 and gave the stock a “hold” rating in a research report on Thursday, April 23rd. Zacks Research lowered Las Vegas Sands from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 23rd. Finally, The Goldman Sachs Group decreased their price target on Las Vegas Sands from $63.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $61.88.

About Las Vegas Sands

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.