Trading Report: Today, Cohen Capital Management Inc. Boosts Stake in Las Vegas Sands Corp. (LVS)

Today, Cohen Capital Management Inc. Boosts Stake in Las Vegas Sands Corp. (LVS)

Cohen Capital Management Inc. raised its stake in Las Vegas Sands Corp. (NYSE:LVS) by 0.7% during the third quarter, Holdings Channel reports. The institutional investor owned 53,770 shares of the casino operator’s stock after buying an additional 360 shares during the period. Cohen Capital Management Inc.’s holdings in Las Vegas Sands Corp. were worth $3,094,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in LVS. Seven Bridges Advisors LLC boosted its stake 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. Pinkerton Retirement Specialists LLC bought a new position in Las Vegas Sands Corp. during the second quarter worth $119,000. Assetmark Inc. raised its position in Las Vegas Sands Corp. by 10.6% in the second quarter. Assetmark Inc. now owns 3,069 shares of the casino operator’s stock worth $133,000 after buying an additional 293 shares in the last quarter. Advisory Services Network LLC raised its position in Las Vegas Sands Corp. by 9.5% in the third quarter. Advisory Services Network LLC now owns 2,366 shares of the casino operator’s stock worth $136,000 after buying an additional 205 shares in the last quarter. Finally, First Mercantile Trust Co. raised its position in Las Vegas Sands Corp. by 42.8% in the third quarter. First Mercantile Trust Co. now owns 2,886 shares of the casino operator’s stock worth $166,000 after buying an additional 865 shares in the last quarter. 39.82% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands Corp. (NYSE:LVS) traded down 0.46% during trading on Monday, reaching $62.55. The company had a trading volume of 3,656,216 shares. The firm’s 50-day moving average price is $58.78 and its 200 day moving average price is $52.11. The firm has a market capitalization of $49.71 billion, a P/E ratio of 30.54 and a beta of 1.98. Las Vegas Sands Corp. has a one year low of $34.88 and a one year high of $63.38.

Las Vegas Sands Corp. (NYSE:LVS) last issued its earnings results on Thursday, November 3rd. The casino operator reported $0.72 EPS for the quarter, beating the consensus estimate of $0.60 by $0.12. Las Vegas Sands Corp. had a return on equity of 23.24% and a net margin of 14.53%. The business had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same period last year, the business posted $0.66 EPS. The company’s revenue was up 2.6% compared to the same quarter last year. Equities analysts forecast that Las Vegas Sands Corp. will post $2.35 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Wednesday, December 21st will be paid a dividend of $0.72 per share. The ex-dividend date of this dividend is Monday, December 19th. This represents a $2.88 annualized dividend and a yield of 4.60%. Las Vegas Sands Corp.’s dividend payout ratio is 140.49%.

A number of research analysts have recently weighed in on LVS shares. Deutsche Bank AG raised their target price on Las Vegas Sands Corp. from $42.00 to $44.00 and gave the company a “hold” rating in a report on Wednesday, October 19th. Vetr upgraded Las Vegas Sands Corp. from a “buy” rating to a “strong-buy” rating and set a $66.73 target price on the stock in a report on Monday, October 3rd. Buckingham Research started coverage on Las Vegas Sands Corp. in a report on Thursday, August 11th. They issued a “neutral” rating and a $55.00 target price on the stock. Stifel Nicolaus raised their target price on Las Vegas Sands Corp. from $56.00 to $61.00 and gave the company a “buy” rating in a report on Thursday, September 8th. Finally, Citigroup Inc. restated a “buy” rating and issued a $62.00 target price on shares of Las Vegas Sands Corp. in a report on Wednesday, September 14th. Eleven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $57.33.

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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