Osmosis Investment Management UK Ltd Takes $1.96 Million Position in Las Vegas Sands Corp. $LVS

Osmosis Investment Management UK Ltd acquired a new stake in Las Vegas Sands Corp. (NYSE:LVS) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 42,347 shares of the casino operator’s stock, valued at approximately $1,956,000.

Other institutional investors have also made changes to their positions in the company. Swiss Life Asset Management Ltd boosted its holdings in Las Vegas Sands by 116.2% during the fourth quarter. Swiss Life Asset Management Ltd now owns 148,196 shares of the casino operator’s stock worth $9,646,000 after buying an additional 79,641 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Las Vegas Sands by 411.5% in the fourth quarter. Crossmark Global Holdings Inc. now owns 44,208 shares of the casino operator’s stock valued at $2,877,000 after buying an additional 35,566 shares in the last quarter. Wealthfront Advisers LLC lifted its position in shares of Las Vegas Sands by 40.6% during the 4th quarter. Wealthfront Advisers LLC now owns 67,446 shares of the casino operator’s stock valued at $4,390,000 after acquiring an additional 19,488 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Las Vegas Sands by 74.2% during the 1st quarter. SG Americas Securities LLC now owns 1,529,236 shares of the casino operator’s stock valued at $82,395,000 after acquiring an additional 651,214 shares during the last quarter. Finally, Fieldview Capital Management LLC bought a new stake in shares of Las Vegas Sands during the 4th quarter worth $4,561,000. 39.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. HC Wainwright cut Las Vegas Sands to a “neutral” rating in a research note on Thursday, July 30th. Argus lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, July 30th. Mizuho reduced their price objective on shares of Las Vegas Sands from $67.00 to $61.00 and set an “outperform” rating for the company in a research note on Thursday, July 23rd. Citigroup decreased their target price on shares of Las Vegas Sands from $78.50 to $73.00 and set a “buy” rating for the company in a report on Friday, July 10th. Finally, Wall Street Zen downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $61.88.

Las Vegas Sands Stock Performance

Shares of NYSE LVS opened at $46.97 on Tuesday. The business’s 50-day moving average price is $46.64 and its two-hundred day moving average price is $51.30. The company has a debt-to-equity ratio of 15.27, a current ratio of 1.00 and a quick ratio of 0.99. Las Vegas Sands Corp. has a one year low of $44.21 and a one year high of $70.45. The company has a market capitalization of $30.42 billion, a P/E ratio of 18.28, a price-to-earnings-growth ratio of 1.16 and a beta of 0.85.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data 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 business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.31 billion. Las Vegas Sands had a net margin of 12.59% and a return on equity of 133.90%. Las Vegas Sands’s revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.66 EPS. Analysts anticipate that Las Vegas Sands Corp. will post 3.09 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Tuesday, August 4th were given 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 yield of 2.6%. Las Vegas Sands’s payout ratio is currently 46.69%.

Las Vegas Sands 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.