Las Vegas Sands (NYSE:LVS) Reaches New 1-Year Low at $43.75

Las Vegas Sands Corp. (NYSE:LVSGet Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as $43.75 and last traded at $43.88, with a volume of 1007780 shares changing hands. The stock had previously closed at $44.73.

Wall Street Analyst Weigh In

LVS has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered their price target on shares of Las Vegas Sands from $62.00 to $60.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. StockNews.com upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. Mizuho reduced their price target on shares of Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Finally, Stifel Nicolaus reduced their price target on shares of Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $63.46.

Get Our Latest Analysis on Las Vegas Sands

Las Vegas Sands Trading Down 1.9 %

The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.29 and a current ratio of 1.30. The stock has a fifty day moving average of $48.34 and a 200 day moving average of $49.53. The company has a market capitalization of $32.68 billion, a PE ratio of 21.61, a PEG ratio of 0.84 and a beta of 1.18.

Las Vegas Sands (NYSE:LVSGet Free Report) last announced its quarterly earnings data on Wednesday, April 17th. The casino operator reported $0.75 EPS for the quarter, beating the consensus estimate of $0.62 by $0.13. Las Vegas Sands had a return on equity of 42.34% and a net margin of 13.99%. The company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the prior year, the company posted $0.28 EPS. Las Vegas Sands’s quarterly revenue was up 34.9% on a year-over-year basis. As a group, sell-side analysts predict that Las Vegas Sands Corp. will post 2.63 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, May 7th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Monday, May 6th. Las Vegas Sands’s dividend payout ratio (DPR) is presently 38.65%.

Insider Buying and Selling at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 100,000 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $52.06, for a total value of $5,206,000.00. Following the transaction, the chief executive officer now directly owns 172,801 shares of the company’s stock, valued at $8,996,020.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is currently owned by company insiders.

Institutional Trading of Las Vegas Sands

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Cetera Advisors LLC purchased a new position in shares of Las Vegas Sands in the first quarter valued at approximately $364,000. Cetera Investment Advisers lifted its position in shares of Las Vegas Sands by 148.3% in the first quarter. Cetera Investment Advisers now owns 32,443 shares of the casino operator’s stock valued at $1,677,000 after acquiring an additional 19,376 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Las Vegas Sands in the first quarter valued at approximately $734,000. Western Pacific Wealth Management LP lifted its position in shares of Las Vegas Sands by 53.5% in the first quarter. Western Pacific Wealth Management LP now owns 970 shares of the casino operator’s stock valued at $50,000 after acquiring an additional 338 shares in the last quarter. Finally, Comerica Bank lifted its position in shares of Las Vegas Sands by 1.6% in the first quarter. Comerica Bank now owns 61,758 shares of the casino operator’s stock valued at $3,193,000 after acquiring an additional 959 shares in the last quarter. 39.16% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands Company Profile

(Get Free Report)

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and Marina Bay Sands in Singapore.

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