Atria Wealth Solutions Inc. Acquires Shares of 4,139 Las Vegas Sands Corp. (NYSE:LVS)

Posted by Defense World Staff on Sep 19th, 2023

Atria Wealth Solutions Inc. acquired a new stake in Las Vegas Sands Corp. (NYSE:LVS – Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,139 shares of the casino operator’s stock, valued at approximately $238,000.

A number of other large investors also recently modified their holdings of LVS. Fisher Asset Management LLC boosted its holdings in shares of Las Vegas Sands by 5,139.8% in the 1st quarter. Fisher Asset Management LLC now owns 9,242,005 shares of the casino operator’s stock valued at $530,953,000 after buying an additional 9,065,624 shares in the last quarter. Norges Bank acquired a new position in shares of Las Vegas Sands in the 4th quarter valued at $164,559,000. AGF Management Ltd. acquired a new stake in Las Vegas Sands during the 1st quarter worth $175,432,000. Amundi boosted its stake in Las Vegas Sands by 72.1% during the 4th quarter. Amundi now owns 5,595,575 shares of the casino operator’s stock worth $297,908,000 after purchasing an additional 2,344,064 shares during the period. Finally, Schroder Investment Management Group boosted its stake in Las Vegas Sands by 6,238.8% during the 4th quarter. Schroder Investment Management Group now owns 1,591,485 shares of the casino operator’s stock worth $76,503,000 after purchasing an additional 1,566,378 shares during the period. 39.16% of the stock is owned by hedge funds and other institutional investors.

Las Vegas Sands Stock Performance

NYSE:LVS opened at $49.11 on Tuesday. The company has a market capitalization of $37.54 billion, a P/E ratio of 701.57, a price-to-earnings-growth ratio of 5.25 and a beta of 1.19. Las Vegas Sands Corp. has a twelve month low of $33.38 and a twelve month high of $65.58. The company has a current ratio of 2.76, a quick ratio of 2.75 and a debt-to-equity ratio of 3.57. The firm has a 50-day moving average price of $55.41 and a two-hundred day moving average price of $57.25.

Las Vegas Sands (NYSE:LVS – Get Free Report) last issued its quarterly earnings results on Wednesday, July 19th. The casino operator reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.41 billion. Las Vegas Sands had a net margin of 0.75% and a return on equity of 5.73%. The company’s quarterly revenue was up 143.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.34) earnings per share. As a group, research analysts expect that Las Vegas Sands Corp. will post 1.87 earnings per share for the current fiscal year.

Las Vegas Sands Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 16th. Investors of record on Tuesday, August 8th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, August 7th. This represents a $0.80 annualized dividend and a dividend yield of 1.63%. Las Vegas Sands’s dividend payout ratio is presently 1,142.86%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Stifel Nicolaus increased their price target on shares of Las Vegas Sands from $73.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, July 20th. JPMorgan Chase & Co. increased their price target on shares of Las Vegas Sands from $71.00 to $72.00 in a research note on Monday, June 26th. Wells Fargo & Company decreased their price target on shares of Las Vegas Sands from $71.00 to $69.00 and set an “overweight” rating for the company in a research note on Thursday, July 20th. Barclays decreased their price target on shares of Las Vegas Sands from $70.00 to $69.00 in a research note on Thursday, July 20th. Finally, Argus reduced their target price on shares of Las Vegas Sands from $72.00 to $68.00 in a research note on Friday, July 21st. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $70.73.

Check Out Our Latest Stock Analysis on Las Vegas Sands

Las Vegas Sands Profile

(Free Report)

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.