Russell Investments Group Ltd. raised its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 21.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 122,846 shares of the casino operator’s stock after purchasing an additional 21,475 shares during the quarter. Russell Investments Group Ltd.’s holdings in Las Vegas Sands were worth $7,257,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Manchester Financial Inc. acquired a new stake in Las Vegas Sands during the 2nd quarter valued at $26,000. Manchester Capital Management LLC raised its stake in Las Vegas Sands by 164.8% during the 2nd quarter. Manchester Capital Management LLC now owns 482 shares of the casino operator’s stock valued at $28,000 after purchasing an additional 300 shares during the period. Icon Wealth Partners LLC acquired a new stake in Las Vegas Sands during the 1st quarter valued at $32,000. Berman Capital Advisors LLC increased its stake in shares of Las Vegas Sands by 88.1% in the first quarter. Berman Capital Advisors LLC now owns 585 shares of the casino operator’s stock worth $35,000 after acquiring an additional 274 shares during the last quarter. Finally, Rehmann Capital Advisory Group increased its stake in shares of Las Vegas Sands by 49.0% in the first quarter. Rehmann Capital Advisory Group now owns 605 shares of the casino operator’s stock worth $37,000 after acquiring an additional 199 shares during the last quarter. 36.29% of the stock is currently owned by institutional investors.
Las Vegas Sands stock traded up $0.96 during mid-day trading on Thursday, hitting $60.26. 227,812 shares of the company’s stock were exchanged, compared to its average volume of 3,959,668. The company has a current ratio of 1.64, a quick ratio of 1.62 and a debt-to-equity ratio of 1.81. The stock has a market cap of $45.65 billion, a P/E ratio of 18.15, a P/E/G ratio of 7.65 and a beta of 1.60. Las Vegas Sands Corp. has a 1-year low of $47.39 and a 1-year high of $69.60. The stock has a 50 day moving average of $56.20 and a two-hundred day moving average of $60.33.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Wednesday, September 18th will be given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 5.11%. The ex-dividend date is Tuesday, September 17th. Las Vegas Sands’s payout ratio is 92.77%.
A number of research firms have recently weighed in on LVS. Argus downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. dropped their price target on shares of Las Vegas Sands from $68.00 to $60.00 and set a “neutral” rating on the stock in a research note on Friday, September 6th. Morgan Stanley dropped their price target on shares of Las Vegas Sands from $71.00 to $68.00 and set an “overweight” rating on the stock in a research note on Thursday, June 6th. Zacks Investment Research raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a research note on Wednesday, May 22nd. Finally, Standpoint Research began coverage on shares of Las Vegas Sands in a research note on Wednesday, September 4th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $67.75.
Las Vegas Sands Profile
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.
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