Las Vegas Sands Corp. (NYSE:LVS) Sees Significant Decrease in Short Interest

Las Vegas Sands Corp. (NYSE:LVS) saw a significant drop in short interest in June. As of June 30th, there was short interest totalling 5,814,100 shares, a drop of 14.4% from the May 30th total of 6,792,800 shares. Currently, 1.7% of the shares of the stock are short sold. Based on an average trading volume of 4,210,000 shares, the short-interest ratio is currently 1.4 days.

Institutional investors have recently added to or reduced their stakes in the company. First Interstate Bank lifted its holdings in shares of Las Vegas Sands by 70.8% in the 1st quarter. First Interstate Bank now owns 410 shares of the casino operator’s stock worth $25,000 after acquiring an additional 170 shares during the last quarter. Private Capital Group LLC lifted its holdings in shares of Las Vegas Sands by 55.7% in the 1st quarter. Private Capital Group LLC now owns 467 shares of the casino operator’s stock worth $28,000 after acquiring an additional 167 shares during the last quarter. Icon Wealth Partners LLC bought a new stake in shares of Las Vegas Sands in the 1st quarter worth about $32,000. Berman Capital Advisors LLC lifted its holdings in shares of Las Vegas Sands by 88.1% in the 1st 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 lifted its holdings in shares of Las Vegas Sands by 49.0% in the 1st 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. Hedge funds and other institutional investors own 36.37% of the company’s stock.

LVS stock traded up $0.63 during trading on Friday, hitting $63.23. 2,052,077 shares of the company’s stock traded hands, compared to its average volume of 3,317,038. Las Vegas Sands has a 52 week low of $47.39 and a 52 week high of $76.10. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.73 and a quick ratio of 1.72. The firm has a fifty day simple moving average of $58.51. The firm has a market capitalization of $48.86 billion, a PE ratio of 19.05 and a beta of 1.52.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, April 17th. The casino operator reported $0.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.06. Las Vegas Sands had a net margin of 11.15% and a return on equity of 34.52%. The business had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.48 billion. During the same quarter last year, the business earned $1.04 earnings per share. Las Vegas Sands’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, analysts expect that Las Vegas Sands will post 3.59 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Wednesday, June 19th were issued a $0.77 dividend. The ex-dividend date was Tuesday, June 18th. This represents a $3.08 annualized dividend and a dividend yield of 4.87%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 92.77%.

Several equities analysts recently weighed in on LVS shares. Jefferies Financial Group raised their target price on shares of Las Vegas Sands from $57.00 to $69.00 and gave the company a “hold” rating in a research note on Monday, April 8th. Zacks Investment Research lowered shares of Horiba from a “hold” rating to a “sell” rating in a research report on Wednesday, May 22nd. Stifel Nicolaus increased their price objective on shares of Las Vegas Sands from $72.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Deutsche Bank increased their price objective on shares of Las Vegas Sands from $60.00 to $69.00 and gave the company a “hold” rating in a research report on Thursday, April 18th. They noted that the move was a valuation call. Finally, Goldman Sachs Group upgraded shares of Las Vegas Sands to a “buy” rating in a research report on Tuesday, June 11th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. Las Vegas Sands currently has a consensus rating of “Hold” and a consensus target price of $68.46.

About Las Vegas Sands

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.

Further Reading: Fundamental Analysis – How It Helps Investors

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