The Quantitative Systematic Strategies LLC reaches $1,590,000 position of Las Vegas Sands Corp. (LVS)

The Quantitative Systematic Strategies LLC reaches $1,590,000 position  of Las Vegas Sands Corp. (LVS)

Quantitative Systematic Strategies LLC raised its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 132.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,450 shares of the casino operator’s stock after buying an additional 20,758 shares during the period. Las Vegas Sands Corp. accounts for 0.7% of Quantitative Systematic Strategies LLC’s portfolio, making the stock its 12th largest position. Quantitative Systematic Strategies LLC’s holdings in Las Vegas Sands Corp. were worth $1,590,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in LVS. Seven Bridges Advisors LLC raised its position in shares of Las Vegas Sands Corp. by 45.8% in the second quarter. Seven Bridges Advisors LLC now owns 2,728 shares of the casino operator’s stock worth $119,000 after buying an additional 857 shares during the period. Americafirst Capital Management LLC acquired a new position in shares of Las Vegas Sands Corp. during the second quarter worth about $181,000. Magnetar Financial LLC acquired a new position in shares of Las Vegas Sands Corp. during the first quarter worth about $232,000. Stratos Wealth Partners LTD. acquired a new position in shares of Las Vegas Sands Corp. during the first quarter worth about $236,000. Finally, First Quadrant L P CA raised its position in shares of Las Vegas Sands Corp. by 30.4% in the second quarter. First Quadrant L P CA now owns 6,000 shares of the casino operator’s stock worth $261,000 after buying an additional 1,400 shares during the period. Hedge funds and other institutional investors own 37.88% of the company’s stock.

Shares of Las Vegas Sands Corp. (NYSE:LVS) traded down 0.71% during mid-day trading on Friday, hitting $58.38. The company had a trading volume of 3,064,615 shares. The firm has a 50-day moving average of $55.30 and a 200-day moving average of $49.60. The company has a market cap of $46.39 billion, a PE ratio of 28.42 and a beta of 2.04. Las Vegas Sands Corp. has a 12 month low of $34.88 and a 12 month high of $59.81.

Las Vegas Sands Corp. (NYSE:LVS) last posted its earnings results on Monday, July 25th. The casino operator reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.04. The firm earned $2.65 billion during the quarter, compared to analyst estimates of $2.76 billion. Las Vegas Sands Corp. had a net margin of 14.69% and a return on equity of 22.12%. The firm’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same period last year, the company posted $0.60 EPS. On average, analysts expect that Las Vegas Sands Corp. will post $2.19 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 22nd were issued a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 4.90%. The ex-dividend date of this dividend was Tuesday, September 20th. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is 140.49%.

A number of research analysts have recently issued reports on LVS shares. Vetr upgraded Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $48.18 target price on the stock in a research report on Monday, June 13th. Stifel Nicolaus increased their target price on Las Vegas Sands Corp. from $56.00 to $61.00 and gave the company a “buy” rating in a research report on Thursday, September 8th. TheStreet upgraded Las Vegas Sands Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, September 1st. Argus upgraded Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and raised their price objective for the company from $56.54 to $67.00 in a report on Wednesday, September 14th. Finally, Citigroup Inc. restated a “buy” rating and issued a $62.00 price objective on shares of Las Vegas Sands Corp. in a report on Wednesday, September 14th. Eleven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $55.63.

Las Vegas Sands Corp. Company Profile

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that offers accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.

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