Hussman Strategic Advisors Inc. Makes New Investment in Las Vegas Sands Corp. $LVS

Hussman Strategic Advisors Inc. purchased a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 21,000 shares of the casino operator’s stock, valued at approximately $970,000.

Other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in Las Vegas Sands in the 4th quarter worth approximately $26,000. DV Equities LLC acquired a new position in Las Vegas Sands during the fourth quarter valued at approximately $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in shares of Las Vegas Sands in the fourth quarter valued at approximately $29,000. Wilmington Savings Fund Society FSB raised its position in shares of Las Vegas Sands by 254.8% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator’s stock valued at $36,000 after purchasing an additional 400 shares during the period. Finally, IFP Advisors Inc lifted its stake in shares of Las Vegas Sands by 182.4% in the third quarter. IFP Advisors Inc now owns 672 shares of the casino operator’s stock worth $36,000 after buying an additional 434 shares during the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Trading Up 1.0%

Las Vegas Sands stock opened at $46.21 on Friday. The business has a 50 day moving average price of $47.17 and a two-hundred day moving average price of $51.80. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 15.27. The stock has a market cap of $29.93 billion, a price-to-earnings ratio of 17.98, a price-to-earnings-growth ratio of 1.13 and a beta of 0.85. Las Vegas Sands Corp. has a 12 month low of $44.21 and a 12 month high of $70.45.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, July 22nd. The casino operator reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). Las Vegas Sands had a return on equity of 133.90% and a net margin of 12.59%.The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter in the prior year, the business posted $0.66 EPS. Las Vegas Sands’s revenue was down .7% compared to the same quarter last year. As a group, equities analysts forecast that Las Vegas Sands Corp. will post 3.09 EPS for the current year.

Las Vegas Sands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 12th. Investors of record on Tuesday, August 4th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Tuesday, August 4th. Las Vegas Sands’s dividend payout ratio is presently 46.69%.

Wall Street Analyst Weigh In

LVS has been the subject of several recent analyst reports. Seaport Research Partners decreased their price objective on shares of Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Jefferies Financial Group lifted their target price on shares of Las Vegas Sands from $61.00 to $63.00 and gave the stock a “hold” rating in a report on Thursday, April 23rd. HC Wainwright lowered shares of Las Vegas Sands to a “neutral” rating in a research report on Thursday, July 30th. Weiss Ratings cut shares of Las Vegas Sands from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Finally, Mizuho lowered their price target on Las Vegas Sands from $67.00 to $61.00 and set an “outperform” rating on the stock in a research report on Thursday, July 23rd. Ten investment 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. Based on data from MarketBeat.com, Las Vegas Sands currently has an average rating of “Hold” and a consensus price target of $61.88.

Las Vegas Sands Company Profile

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.