Oakbrook Investments LLC Boosts Stake in Las Vegas Sands Corp. (NYSE:LVS)

Oakbrook Investments LLC increased its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 45.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,650 shares of the casino operator’s stock after purchasing an additional 3,000 shares during the period. Oakbrook Investments LLC’s holdings in Las Vegas Sands Corp. were worth $619,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Las Vegas Sands Corp. by 1.6% during the second quarter. Vanguard Group Inc. now owns 20,034,880 shares of the casino operator’s stock worth $1,280,029,000 after purchasing an additional 322,708 shares during the period. BlackRock Inc. grew its stake in shares of Las Vegas Sands Corp. by 2.3% during the second quarter. BlackRock Inc. now owns 16,129,966 shares of the casino operator’s stock worth $1,030,543,000 after purchasing an additional 365,566 shares during the period. Capital World Investors grew its stake in shares of Las Vegas Sands Corp. by 14.5% during the second quarter. Capital World Investors now owns 9,998,000 shares of the casino operator’s stock worth $638,772,000 after purchasing an additional 1,263,000 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Las Vegas Sands Corp. by 40.8% during the second quarter. Bank of New York Mellon Corp now owns 6,506,795 shares of the casino operator’s stock worth $415,720,000 after purchasing an additional 1,886,376 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of Las Vegas Sands Corp. by 41.3% during the second quarter. American Century Companies Inc. now owns 3,509,869 shares of the casino operator’s stock worth $224,246,000 after purchasing an additional 1,025,607 shares during the period. 38.27% of the stock is owned by institutional investors and hedge funds.

LVS has been the subject of a number of analyst reports. Bank of America Corporation reaffirmed a “buy” rating and set a $67.00 price objective (up from $65.00) on shares of Las Vegas Sands Corp. in a research note on Friday, July 21st. Stifel Nicolaus reaffirmed a “buy” rating and set a $70.00 price objective (up from $66.00) on shares of Las Vegas Sands Corp. in a research note on Tuesday, July 18th. Zacks Investment Research raised Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research note on Friday, October 13th. Roth Capital began coverage on Las Vegas Sands Corp. in a research note on Wednesday, October 25th. They issued a “buy” rating and a $69.00 target price for the company. Finally, Gabelli boosted their target price on Las Vegas Sands Corp. from $60.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Las Vegas Sands Corp. presently has a consensus rating of “Buy” and an average price target of $65.31.

TRADEMARK VIOLATION WARNING: This report was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another website, it was illegally stolen and reposted in violation of United States and international trademark and copyright laws. The legal version of this report can be read at https://ledgergazette.com/2017/11/13/oakbrook-investments-llc-has-619000-stake-in-las-vegas-sands-corp-lvs.html.

Las Vegas Sands Corp. (LVS) traded down $0.02 on Friday, reaching $67.40. The company had a trading volume of 1,877,700 shares, compared to its average volume of 3,252,998. Las Vegas Sands Corp. has a fifty-two week low of $51.35 and a fifty-two week high of $68.41. The company has a market capitalization of $53,278.35, a price-to-earnings ratio of 24.24 and a beta of 1.78. The company has a quick ratio of 1.19, a current ratio of 1.07 and a debt-to-equity ratio of 1.38.

Las Vegas Sands Corp. (NYSE:LVS) last released its earnings results on Wednesday, October 25th. The casino operator reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.10. Las Vegas Sands Corp. had a return on equity of 31.11% and a net margin of 16.80%. The business had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. Las Vegas Sands Corp.’s revenue was up 7.7% on a year-over-year basis. equities research analysts anticipate that Las Vegas Sands Corp. will post 2.87 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, December 21st will be issued a dividend of $0.73 per share. The ex-dividend date is Wednesday, December 20th. This represents a $2.92 annualized dividend and a yield of 4.33%. Las Vegas Sands Corp.’s payout ratio is presently 110.19%.

Las Vegas Sands Corp. Profile

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature 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.

Institutional Ownership by Quarter for Las Vegas Sands Corp. (NYSE:LVS)

Receive News & Ratings for Las Vegas Sands Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Las Vegas Sands Corp. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply