UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 69,010 Shares of Las Vegas Sands Corp. $LVS

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 3.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,862,644 shares of the casino operator’s stock after selling 69,010 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.29% of Las Vegas Sands worth $86,036,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. New Mexico Educational Retirement Board lifted its holdings in shares of Las Vegas Sands by 13.6% during the 2nd quarter. New Mexico Educational Retirement Board now owns 15,050 shares of the casino operator’s stock worth $695,000 after acquiring an additional 1,800 shares during the period. Royal London Asset Management Ltd. increased its stake in Las Vegas Sands by 1.1% in the second quarter. Royal London Asset Management Ltd. now owns 151,821 shares of the casino operator’s stock valued at $7,013,000 after acquiring an additional 1,666 shares during the period. Mufg Securities Americas Inc. raised its position in Las Vegas Sands by 7.4% in the second quarter. Mufg Securities Americas Inc. now owns 8,981 shares of the casino operator’s stock worth $415,000 after purchasing an additional 615 shares in the last quarter. Nissay Asset Management Corp Japan lifted its stake in Las Vegas Sands by 2.4% during the second quarter. Nissay Asset Management Corp Japan now owns 40,425 shares of the casino operator’s stock worth $1,867,000 after purchasing an additional 938 shares during the period. Finally, Wellington Management Group LLP lifted its stake in Las Vegas Sands by 3.5% during the second quarter. Wellington Management Group LLP now owns 31,413 shares of the casino operator’s stock worth $1,451,000 after purchasing an additional 1,066 shares during the period. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Stock Performance

NYSE LVS opened at $44.60 on Thursday. The firm has a market cap of $28.89 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 1.08 and a beta of 0.83. The company has a 50 day moving average of $46.19 and a 200-day moving average of $50.70. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 15.27. Las Vegas Sands Corp. has a 1-year low of $43.36 and a 1-year high of $70.45.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, July 22nd. The casino operator reported $0.59 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.17). The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.31 billion. Las Vegas Sands had a return on equity of 133.90% and a net margin of 12.59%.The firm’s revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.66 earnings per share. On average, equities analysts forecast that Las Vegas Sands Corp. will post 3.09 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

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

Analysts Set New Price Targets

LVS has been the topic of several analyst reports. UBS Group set a $52.00 price objective on Las Vegas Sands in a research note on Thursday, July 2nd. Wall Street Zen lowered Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Zacks Research lowered Las Vegas Sands from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 23rd. The Goldman Sachs Group lowered their price target on Las Vegas Sands from $63.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Finally, Argus lowered Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, July 30th. Ten equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Las Vegas Sands currently 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.