Renaissance Technologies LLC Purchases 903,400 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Renaissance Technologies LLC boosted its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 44.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,949,670 shares of the casino operator’s stock after purchasing an additional 903,400 shares during the quarter. Renaissance Technologies LLC owned about 0.40% of Las Vegas Sands worth $130,523,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Bank & Trust Co bought a new position in shares of Las Vegas Sands during the second quarter valued at $29,000. Accent Capital Management LLC bought a new stake in shares of Las Vegas Sands during the fourth quarter worth $39,000. Fidelis Capital Partners LLC bought a new position in shares of Las Vegas Sands in the first quarter valued at about $43,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Las Vegas Sands by 93.2% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock valued at $40,000 after buying an additional 437 shares during the last quarter. Finally, Western Pacific Wealth Management LP increased its position in Las Vegas Sands by 53.5% in the 1st 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. 39.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on LVS shares. Susquehanna decreased their price objective on Las Vegas Sands from $59.00 to $51.00 and set a “positive” rating on the stock in a research report on Thursday, July 25th. Barclays dropped their price objective on Las Vegas Sands from $57.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Argus downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. StockNews.com lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Finally, Wells Fargo & Company reduced their target price on Las Vegas Sands from $58.00 to $53.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Las Vegas Sands currently has an average rating of “Moderate Buy” and a consensus target price of $55.25.

Las Vegas Sands Price Performance

NYSE:LVS opened at $40.02 on Monday. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 3.29. The firm has a fifty day simple moving average of $40.08 and a 200 day simple moving average of $44.91. Las Vegas Sands Corp. has a 1-year low of $36.62 and a 1-year high of $55.65. The stock has a market capitalization of $29.82 billion, a PE ratio of 19.33, a P/E/G ratio of 1.12 and a beta of 1.11.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, July 24th. The casino operator reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.01). Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The firm had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the prior year, the firm earned $0.46 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, research analysts expect that Las Vegas Sands Corp. will post 2.46 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Tuesday, August 6th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.80 annualized dividend and a dividend yield of 2.00%. Las Vegas Sands’s dividend payout ratio is currently 38.65%.

Las Vegas Sands Profile

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.