Las Vegas Sands (NYSE:LVS) Hits New 52-Week Low – What’s Next?

Las Vegas Sands Corp. (NYSE:LVS) reached a new 52-week low during trading on Thursday . The company traded as low as $43.92 and last traded at $44.1170, with a volume of 4701786 shares. The stock had previously closed at $46.23.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Bank of America cut their price objective on shares of Las Vegas Sands from $70.00 to $60.00 and set a “neutral” rating for the company in a report on Monday, July 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Las Vegas Sands in a research note on Friday, August 21st. HC Wainwright downgraded Las Vegas Sands to a “neutral” rating in a research note on Thursday, July 30th. Barclays cut their target price on shares of Las Vegas Sands from $63.00 to $59.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. Finally, Stifel Nicolaus lowered their price objective on shares of Las Vegas Sands from $74.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $61.88.

Las Vegas Sands Stock Performance

The company has a debt-to-equity ratio of 15.27, a current ratio of 1.00 and a quick ratio of 0.99. The business has a 50-day moving average of $46.41 and a 200-day moving average of $51.02. The company has a market capitalization of $29.29 billion, a P/E ratio of 17.60, a P/E/G ratio of 1.09 and a beta of 0.85.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.31 billion. During the same period in the prior year, the company posted $0.66 EPS. The company’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 3.09 EPS for the current year.

Las Vegas Sands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Tuesday, August 4th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.7%. Las Vegas Sands’s dividend payout ratio is currently 46.69%.

Hedge Funds Weigh In On Las Vegas Sands

A number of large investors have recently bought and sold shares of the business. Amundi increased its position in shares of Las Vegas Sands by 14.5% during the second quarter. Amundi now owns 3,281,533 shares of the casino operator’s stock worth $151,574,000 after acquiring an additional 416,744 shares during the period. Groupe la Francaise bought a new position in Las Vegas Sands in the second quarter worth approximately $170,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Las Vegas Sands in the second quarter worth approximately $17,765,000. California State Teachers Retirement System increased its holdings in Las Vegas Sands by 4,502.5% during the 2nd quarter. California State Teachers Retirement System now owns 23,512,696 shares of the casino operator’s stock worth $1,086,051,000 after purchasing an additional 23,001,830 shares during the period. Finally, AlphaGrep UK Ltd bought a new stake in Las Vegas Sands during the 2nd quarter valued at $1,434,000. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Company Profile

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.