Janney Capital Management LLC Takes Position in Las Vegas Sands Corp. (LVS)

Janney Capital Management LLC acquired a new stake in Las Vegas Sands Corp. (NYSE:LVS) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 253,538 shares of the casino operator’s stock, valued at approximately $16,198,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LVS. Quadrature Capital Ltd bought a new position in Las Vegas Sands Corp. during the fourth quarter valued at approximately $1,178,000. Highbridge Capital Management LLC bought a new position in Las Vegas Sands Corp. during the fourth quarter valued at approximately $1,522,000. Newport Asia LLC increased its position in Las Vegas Sands Corp. by 6.0% in the first quarter. Newport Asia LLC now owns 1,985,100 shares of the casino operator’s stock valued at $113,174,000 after buying an additional 112,400 shares in the last quarter. Atalanta Sosnoff Capital LLC increased its position in Las Vegas Sands Corp. by 33.4% in the first quarter. Atalanta Sosnoff Capital LLC now owns 15,525 shares of the casino operator’s stock valued at $886,000 after buying an additional 3,890 shares in the last quarter. Finally, Rathbone Brothers plc increased its position in Las Vegas Sands Corp. by 24.0% in the first quarter. Rathbone Brothers plc now owns 7,098 shares of the casino operator’s stock valued at $405,000 after buying an additional 1,372 shares in the last quarter. Hedge funds and other institutional investors own 38.52% of the company’s stock.

Shares of Las Vegas Sands Corp. (LVS) opened at 60.01 on Friday. Las Vegas Sands Corp. has a 12 month low of $49.89 and a 12 month high of $66.22. The stock has a 50 day moving average price of $61.57 and a 200-day moving average price of $58.52. The company has a market capitalization of $47.53 billion, a PE ratio of 23.35 and a beta of 1.81.

Las Vegas Sands Corp. (NYSE:LVS) last issued its quarterly earnings data on Wednesday, July 26th. The casino operator reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.14. The company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.01 billion. Las Vegas Sands Corp. had a net margin of 16.66% and a return on equity of 29.91%. Las Vegas Sands Corp.’s revenue was up 18.5% compared to the same quarter last year. During the same period last year, the company posted $0.52 earnings per share. Analysts forecast that Las Vegas Sands Corp. will post $2.74 EPS for the current 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 paid a $0.73 dividend. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $2.92 annualized dividend and a yield of 4.87%. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is 113.18%.

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Several research analysts have recently commented on LVS shares. Aegis reiterated a “buy” rating and issued a $60.00 price objective (up previously from $59.00) on shares of Las Vegas Sands Corp. in a report on Sunday, April 23rd. Vetr downgraded Las Vegas Sands Corp. from a “buy” rating to a “hold” rating and set a $61.32 price target on the stock. in a report on Wednesday, April 26th. Telsey Advisory Group boosted their price target on Las Vegas Sands Corp. from $58.00 to $62.00 and gave the company a “market perform” rating in a report on Thursday, April 27th. Stifel Nicolaus boosted their price target on Las Vegas Sands Corp. from $63.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, April 27th. Finally, Deutsche Bank AG boosted their price target on Las Vegas Sands Corp. from $50.00 to $52.00 and gave the company a “hold” rating in a report on Friday, April 28th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Las Vegas Sands Corp. currently 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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