OMERS ADMINISTRATION Corp Invests $1.59 Million in Las Vegas Sands Corp. $LVS

OMERS ADMINISTRATION Corp bought a new stake in Las Vegas Sands Corp. (NYSE:LVS) in the 2nd quarter, Holdings Channel.com reports. The fund bought 34,441 shares of the casino operator’s stock, valued at approximately $1,591,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in Las Vegas Sands during the fourth quarter worth $26,000. DV Equities LLC acquired a new stake in shares of Las Vegas Sands in the fourth quarter valued at $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new stake in shares of Las Vegas Sands in the 4th quarter valued at $29,000. Wilmington Savings Fund Society FSB lifted its stake in Las Vegas Sands by 254.8% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator’s stock worth $36,000 after acquiring an additional 400 shares in the last quarter. Finally, IFP Advisors Inc lifted its stake in Las Vegas Sands by 182.4% during the 3rd quarter. IFP Advisors Inc now owns 672 shares of the casino operator’s stock worth $36,000 after acquiring an additional 434 shares in the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Price Performance

Shares of NYSE LVS opened at $46.24 on Thursday. The stock’s 50-day simple moving average is $46.57 and its 200-day simple moving average is $51.15. The firm has a market capitalization of $29.95 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 1.16 and a beta of 0.85. 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 debt-to-equity ratio of 15.27, a quick ratio of 0.99 and a current ratio of 1.00.

Las Vegas Sands (NYSE:LVS) last announced its quarterly 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). Las Vegas Sands had a net margin of 12.59% and a return on equity of 133.90%. The company had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.31 billion. During the same quarter in the prior year, the company earned $0.66 earnings per share. The business’s revenue for the quarter was down .7% on a year-over-year basis. As a group, equities research analysts forecast that Las Vegas Sands Corp. will post 3.09 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 12th. Investors of record on Tuesday, August 4th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, August 4th. Las Vegas Sands’s dividend payout ratio (DPR) is 46.69%.

Wall Street Analyst Weigh In

LVS has been the subject of a number of research reports. Citigroup dropped their price objective 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. Argus downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, July 30th. Stifel Nicolaus cut their price objective on Las Vegas Sands from $74.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Wells Fargo & Company reduced their price objective on Las Vegas Sands from $65.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 14th. Finally, Zacks Research cut Las Vegas Sands from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $61.88.

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.