Scholtz & Company LLC bought a new stake in Las Vegas Sands Corp. (NYSE:LVS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 34,560 shares of the casino operator’s stock, valued at approximately $2,208,000. Las Vegas Sands Corp. makes up approximately 1.9% of Scholtz & Company LLC’s investment portfolio, making the stock its 20th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LVS. Oppenheimer & Co. Inc. lifted its position in shares of Las Vegas Sands Corp. by 5.1% in the second quarter. Oppenheimer & Co. Inc. now owns 75,993 shares of the casino operator’s stock worth $4,855,000 after buying an additional 3,664 shares during the last quarter. ARGA Investment Management LP lifted its position in shares of Las Vegas Sands Corp. by 110.7% during the 2nd quarter. ARGA Investment Management LP now owns 45,300 shares of the casino operator’s stock worth $2,894,000 after purchasing an additional 23,800 shares during the last quarter. Investec Asset Management LTD increased its stake in Las Vegas Sands Corp. by 38.5% during the second quarter. Investec Asset Management LTD now owns 1,800,200 shares of the casino operator’s stock valued at $115,015,000 after acquiring an additional 500,619 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Las Vegas Sands Corp. by 49.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,059,707 shares of the casino operator’s stock valued at $67,705,000 after acquiring an additional 350,884 shares during the period. Finally, Monetta Financial Services Inc. bought a new position in Las Vegas Sands Corp. during the second quarter valued at about $1,278,000. Hedge funds and other institutional investors own 38.01% of the company’s stock.

Several equities analysts recently issued reports on the company. Instinet restated a “neutral” rating and set a $54.00 price target (up from $50.00) on shares of Las Vegas Sands Corp. in a research note on Monday, June 19th. Stifel Nicolaus reiterated a “buy” rating on shares of Las Vegas Sands Corp. in a research note on Sunday, September 3rd. Wells Fargo & Company restated a “neutral” rating on shares of Las Vegas Sands Corp. in a research report on Tuesday, July 4th. Deutsche Bank AG restated a “hold” rating and set a $54.00 price target (up from $52.00) on shares of Las Vegas Sands Corp. in a research report on Thursday, July 27th. Finally, Bank of America Corporation restated a “buy” rating and set a $67.00 price target (up from $65.00) on shares of Las Vegas Sands Corp. in a research report on Friday, July 21st. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Las Vegas Sands Corp. currently has a consensus rating of “Hold” and an average price target of $64.14.

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Las Vegas Sands Corp. (NYSE:LVS) traded down 1.75% during mid-day trading on Friday, hitting $63.90. 1,419,079 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $62.78 and its 200-day moving average price is $60.78. The stock has a market cap of $50.61 billion, a PE ratio of 24.86 and a beta of 1.76. Las Vegas Sands Corp. has a 12 month low of $51.35 and a 12 month high of $66.22.

Las Vegas Sands Corp. (NYSE:LVS) last announced its quarterly earnings results on Wednesday, July 26th. The casino operator reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.14. The business 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%. The company’s revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 EPS. Equities analysts expect that Las Vegas Sands Corp. will post $2.75 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Thursday, September 21st were given a $0.73 dividend. The ex-dividend date of this dividend was Wednesday, September 20th. This represents a $2.92 annualized dividend and a dividend yield of 4.49%. Las Vegas Sands Corp.’s dividend payout ratio is 113.18%.

About Las Vegas Sands Corp.

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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