Clinton Group Inc. purchased a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 36,986 shares of the casino operator’s stock, valued at approximately $2,363,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Empire Life Investments Inc. raised its stake in Las Vegas Sands Corp. by 23.1% in the first quarter. Empire Life Investments Inc. now owns 56,634 shares of the casino operator’s stock valued at $2,810,000 after buying an additional 10,629 shares during the period. Oxford Asset Management acquired a new stake in shares of Las Vegas Sands Corp. in the first quarter valued at approximately $1,015,000. Envestnet Asset Management Inc. lifted its position in shares of Las Vegas Sands Corp. by 63.9% in the first quarter. Envestnet Asset Management Inc. now owns 12,707 shares of the casino operator’s stock valued at $726,000 after buying an additional 4,952 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of Las Vegas Sands Corp. by 13.5% in the first quarter. Nordea Investment Management AB now owns 14,216 shares of the casino operator’s stock valued at $811,000 after buying an additional 1,691 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK lifted its position in shares of Las Vegas Sands Corp. by 23.7% in the first quarter. Aberdeen Asset Management PLC UK now owns 21,357 shares of the casino operator’s stock valued at $1,219,000 after buying an additional 4,097 shares during the last quarter. 38.01% of the stock is currently owned by hedge funds and other institutional investors.

Las Vegas Sands Corp. (NYSE LVS) traded down 0.101% during midday trading on Monday, reaching $64.095. 1,070,151 shares of the company traded hands. The firm has a 50-day moving average price of $61.70 and a 200-day moving average price of $60.09. Las Vegas Sands Corp. has a one year low of $51.35 and a one year high of $66.22. The firm has a market capitalization of $50.76 billion, a price-to-earnings ratio of 24.940 and a beta of 1.76.

Las Vegas Sands Corp. (NYSE:LVS) last released its quarterly earnings data on Wednesday, July 26th. The casino operator reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 29.91% and a net margin of 16.66%. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 EPS. Equities analysts predict that Las Vegas Sands Corp. will post $2.74 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, September 21st were paid a $0.73 dividend. The ex-dividend date of this dividend was Wednesday, September 20th. This represents a $2.92 annualized dividend and a yield of 4.55%. Las Vegas Sands Corp.’s dividend payout ratio is currently 113.18%.

LVS has been the topic of a number of research analyst reports. Instinet restated a “neutral” rating and issued a $54.00 price target (up previously from $50.00) on shares of Las Vegas Sands Corp. in a research note on Monday, June 19th. Zacks Investment Research raised shares of Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research report on Tuesday, June 27th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Las Vegas Sands Corp. in a research report on Sunday, September 3rd. Wells Fargo & Company reiterated a “neutral” rating on shares of Las Vegas Sands Corp. in a report on Tuesday, July 4th. Finally, Vetr downgraded shares of Las Vegas Sands Corp. from a “buy” rating to a “hold” rating and set a $64.62 price objective on the stock. in a report on Monday, June 5th. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $64.74.

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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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