Bull Harbor Capital LLC Takes $965,000 Position in Las Vegas Sands Corp. $LVS

Bull Harbor Capital LLC purchased a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) during the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 17,908 shares of the casino operator’s stock, valued at approximately $965,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Las Vegas Sands by 8.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,251 shares of the casino operator’s stock worth $1,207,000 after buying an additional 2,418 shares during the period. Woodline Partners LP boosted its position in Las Vegas Sands by 38.9% in the 1st quarter. Woodline Partners LP now owns 29,032 shares of the casino operator’s stock valued at $1,122,000 after buying an additional 8,132 shares during the period. EverSource Wealth Advisors LLC boosted its position in Las Vegas Sands by 91.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,146 shares of the casino operator’s stock valued at $93,000 after buying an additional 1,027 shares during the period. Flow Traders U.S. LLC acquired a new position in shares of Las Vegas Sands in the second quarter worth $414,000. Finally, Cerity Partners LLC grew its stake in shares of Las Vegas Sands by 70.0% in the second quarter. Cerity Partners LLC now owns 17,595 shares of the casino operator’s stock worth $766,000 after acquiring an additional 7,243 shares in the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Stock Up 2.7%

LVS opened at $49.86 on Friday. Las Vegas Sands Corp. has a one year low of $44.21 and a one year high of $70.45. The company has a debt-to-equity ratio of 15.27, a quick ratio of 0.91 and a current ratio of 1.00. The stock has a market capitalization of $32.29 billion, a P/E ratio of 19.40, a price-to-earnings-growth ratio of 1.27 and a beta of 0.83. The business’s 50-day simple moving average is $48.14 and its 200-day simple moving average is $52.78.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.17). The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.31 billion. Las Vegas Sands had a net margin of 12.59% and a return on equity of 133.90%. Las Vegas Sands’s revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.66 earnings per share. Analysts anticipate that Las Vegas Sands Corp. will post 3.13 EPS for the current year.

Las Vegas Sands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 12th. Shareholders of record on Tuesday, August 4th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, August 4th. Las Vegas Sands’s dividend payout ratio (DPR) is presently 46.69%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on LVS shares. Mizuho cut their price target on Las Vegas Sands from $67.00 to $61.00 and set an “outperform” rating on the stock in a report on Thursday, July 23rd. Susquehanna decreased their price objective on Las Vegas Sands from $64.00 to $63.00 and set a “positive” rating for the company in a research note on Wednesday, July 22nd. Wells Fargo & Company lowered their price objective on Las Vegas Sands from $65.00 to $53.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 14th. HSBC upped their target price on shares of Las Vegas Sands from $73.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Finally, Jefferies Financial Group raised their target price on shares of Las Vegas Sands from $61.00 to $63.00 and gave the company a “hold” rating in a report on Thursday, April 23rd. Ten equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $61.88.

About Las Vegas Sands

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.