Stocks Las Vegas Sands Corp. (LVS) Purchased by Canada Pension Plan Investment Board



Canada Pension Plan Investment Board acquired its shareholding in Las Vegas Sands Corp. in the second quarter. (NYSE: LVS) increased by 92.5%, according to the most recent 13F application to the Securities and Exchange Commission (SEC). The company owned 535,723 shares of the casino operator's shares after the purchase of additional 257,488 shares during the quarter. Canada Pension Plan Investment Board had 0.07% of Las Vegas Sands worth $ 40,908,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have recently bought and sold shares of the company. The Arizona State Retirement System purchased a new equity stake in Las Vegas Sands worth $ 3,826,000 in the second quarter. Rational Advisors LLC increased its position in the shares of Las Vegas Sands by 209.9% during the second quarter. Rational Advisors LLC now owns 9,456 shares in the casino operator's share value of $ 722,000 after the purchase of 6,405 additional shares during the period. Solstein Capital LLC increased the holdings of Las Vegas Sands by 46.6% in the second quarter. Solstein Capital LLC now holds 12,460 shares of the casino operator share valued at $ 951,000 after the purchase of additional 3,960 shares during the period. Dynamic Advisor Solutions LLC expanded its stake in Las Vegas Sands by 9.9% in the second quarter. Dynamic Advisor Solutions LLC now owns 34,076 shares of the casino operator share valued at $ 2,602,000 after the purchase of another 3,067 shares during the period. Finally, Strs Ohio increased its shareholding interest in Las Vegas Sands by 5.0% in the second quarter. Strs Ohio now holds 409,504 shares of the casino operator's shares valued at $ 31,269,000 after buying an additional 19,522 shares in the last quarter. Hedge funds and other institutional investors hold 38.08% of the company's shares.

The shares of the Las Vegas Sands shares are open for $ 65.54 on Friday. The company has a market capitalization of $ 51.65 billion, a PE ratio of 21.56 and a beta of 1.61. Las Vegas Sands Corp. has a low of 52 weeks of $ 59.59 and a height of 52 weeks of $ 81.45. The company has a current ratio of 1.70, a quick ratio of 1.68 and a debt-to-equity ratio of 1.40.

Las Vegas Sands (NYSE: LVS) last released its earnings results on Wednesday, July 25th. The casino operator reported $ 0.74 per share for the quarter, with a consensus estimate of $ 0.80 with ($ 0.06) missing. Las Vegas Sands had a return on equity of 35.22% and a net margin of 28.06%. The company had revenues of $ 3.30 billion for the quarter compared with analysts' expectations of $ 3.29 billion. During the same period of the previous year, the company recorded $ 0.73 per share. The company's turnover for the quarter increased by 6.2% on an annual basis. stock research analysts expect Las Vegas Sands Corp. 3.52 profit per share for the current fiscal year will publish.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 27th. Shareholders on Wednesday, September 19 receive a dividend of $ 0.75 per share. This represents an annual dividend of $ 3.00 and a return of 4.58%. The ex-dividend date of this dividend is Tuesday 18 September. The payout ratio of Las Vegas Sands is 98.68%.

In other Las Vegas Sands news, COO Robert G. Goldstein bought 10,000 shares of the company's shares in a transaction on Tuesday, July 31. The share was acquired at an average cost of $ 71.13 per share, for a total transaction of $ 711,300.00. After the purchase, the chief operating officer now holds 10,000 shares in the company, valued at approximately $ 711,300. The purchase was announced in an application to the SEC, which is accessible via this hyperlink. Insiders own 10.20% of the shares of the company.

LVS has been the subject of a number of reports from research analysts. Stifel Nicolaus lowered their price target on equities in Las Vegas Sands from $ 88.00 to $ 86.00 and placed a & # 39; buy rating on the shares in a research report on Thursday, July 26th. Zacks Investment Research lowered the shares of Las Vegas Sands from a strong buy & # 39; credit to a & # 39; hold & # 39; rating in a study letter on Monday 18 June. ValuEngine has cut shares in Las Vegas Sands from a "buy" rating to a "hold" rating in a research note on Monday, July 2. Nomura lowered their target price on shares in Las Vegas Sands from $ 76.00 to $ 72.00 and set a "neutral" rating for the company on Monday 9 July in a study letter. Finally, Bank of America lowered shares in Las Vegas Sands from a "buy" rating to a "neutral" rating and lowered their price target for the shares from $ 85.00 to $ 80.00 in a study letter on Monday, July 2. Nine investment analysts rated the shares with a hold rating and five awarded a buy rating to the shares. Las Vegas Sands currently has a consensus score of "Hold" and an average price target of $ 77.00.

Las Vegas Sands Company 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 the Four Seasons Hotel Macao, Cotai Strip and the Macao Sands in Macau, the People's Republic of China; and iconic Marina Bay Sands in Singapore.

Further reading: outstanding shares

Institutional ownership quarterly for Las Vegas Sands (NYSE: LVS)

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