Silvant Capital Management LLC Takes $19.35 Million Position in Las Vegas Sands Corp. $LVS

Silvant Capital Management LLC bought a new position in Las Vegas Sands Corp. (NYSE:LVS) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 419,004 shares of the casino operator’s stock, valued at approximately $19,354,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Mystic Asset Management Inc. bought a new stake in shares of Las Vegas Sands in the second quarter worth about $663,000. Vise Technologies Inc. bought a new position in Las Vegas Sands during the second quarter valued at approximately $255,000. OVERSEA CHINESE BANKING Corp Ltd bought a new position in Las Vegas Sands during the second quarter valued at approximately $343,000. E Fund Management Co. Ltd. purchased a new position in Las Vegas Sands during the 2nd quarter valued at approximately $275,000. Finally, Asahi Life Asset Management CO. LTD. purchased a new position in Las Vegas Sands during the 2nd quarter valued at approximately $352,000. 39.16% of the stock is currently owned by institutional investors.

Las Vegas Sands Stock Down 1.2%

NYSE LVS opened at $46.00 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 15.27. Las Vegas Sands Corp. has a 52 week low of $44.21 and a 52 week high of $70.45. The firm has a market capitalization of $29.79 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 1.15 and a beta of 0.85. The company has a fifty day moving average of $46.77 and a two-hundred day moving average of $51.43.

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). The firm had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.31 billion. Las Vegas Sands had a net margin of 12.59% and a return on equity of 133.90%. The company’s revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.66 EPS. On average, analysts predict that Las Vegas Sands Corp. will post 3.09 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Investors of record on Tuesday, August 4th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.6%. The ex-dividend date was Tuesday, August 4th. Las Vegas Sands’s dividend payout ratio is presently 46.69%.

Wall Street Analysts Forecast Growth

Several analysts have recently 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. Zacks Research lowered shares of Las Vegas Sands from a “hold” rating to a “strong sell” rating in a report on Thursday, July 23rd. Wells Fargo & Company reduced their price target on shares of Las Vegas Sands from $65.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 14th. Citigroup decreased their price target on shares of Las Vegas Sands from $78.50 to $73.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. Finally, Jefferies Financial Group increased their price objective on shares of Las Vegas Sands from $61.00 to $63.00 and gave the company a “hold” rating in a research report on Thursday, April 23rd. Ten equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $61.88.

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.