Las Vegas Sands Corp. (NYSE:LVS) Shares Bought by North Star Investment Management Corp.

North Star Investment Management Corp. raised its stake in Las Vegas Sands Corp. (NYSE:LVS) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,725 shares of the casino operator’s stock after buying an additional 100 shares during the period. North Star Investment Management Corp.’s holdings in Las Vegas Sands Corp. were worth $1,005,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. TrimTabs Asset Management LLC raised its position in shares of Las Vegas Sands Corp. by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 1,837 shares of the casino operator’s stock valued at $105,000 after buying an additional 864 shares during the period. Financial Architects Inc raised its position in shares of Las Vegas Sands Corp. by 226.1% in the first quarter. Financial Architects Inc now owns 1,875 shares of the casino operator’s stock valued at $107,000 after buying an additional 1,300 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of Las Vegas Sands Corp. during the first quarter valued at approximately $119,000. Nikko Asset Management Americas Inc. acquired a new position in shares of Las Vegas Sands Corp. during the first quarter valued at approximately $154,000. Finally, Point72 Asia Hong Kong Ltd raised its position in shares of Las Vegas Sands Corp. by 87.2% in the first quarter. Point72 Asia Hong Kong Ltd now owns 2,994 shares of the casino operator’s stock valued at $171,000 after buying an additional 1,395 shares during the period. Institutional investors own 38.27% of the company’s stock.

Shares of Las Vegas Sands Corp. (NYSE LVS) traded down 0.83% during trading on Friday, hitting $59.66. 3,053,489 shares of the stock were exchanged. The firm’s 50-day moving average is $62.08 and its 200 day moving average is $58.29. Las Vegas Sands Corp. has a 1-year low of $49.89 and a 1-year high of $66.22. The company has a market cap of $47.25 billion, a P/E ratio of 23.21 and a beta of 1.81.

Las Vegas Sands Corp. (NYSE:LVS) last issued its earnings results on Wednesday, July 26th. The casino operator reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.14. The firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.01 billion. Las Vegas Sands Corp. had a return on equity of 29.91% and a net margin of 16.66%. The business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.52 earnings per share. Equities analysts forecast that Las Vegas Sands Corp. will post $2.74 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 21st will be given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date of this dividend is Wednesday, September 20th. Las Vegas Sands Corp.’s dividend payout ratio is presently 113.18%.

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LVS has been the topic of several analyst reports. Stifel Nicolaus increased their price target on shares of Las Vegas Sands Corp. from $63.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, April 27th. CLSA reaffirmed a “buy” rating on shares of Las Vegas Sands Corp. in a report on Thursday, April 27th. Susquehanna Bancshares Inc reaffirmed a “buy” rating and set a $69.00 price objective on shares of Las Vegas Sands Corp. in a report on Friday, April 28th. Aegis reaffirmed a “buy” rating and set a $60.00 price objective (up from $59.00) on shares of Las Vegas Sands Corp. in a report on Sunday, April 23rd. Finally, Vetr raised shares of Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $63.09 price objective for the company in a report on Wednesday, May 31st. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $63.10.

Las Vegas Sands Corp. Company Profile

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.

Institutional Ownership by Quarter for Las Vegas Sands Corp. (NYSE:LVS)

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