Exchange Traded Concepts LLC Purchases 14,794 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Exchange Traded Concepts LLC lifted its position in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 113.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,790 shares of the casino operator's stock after buying an additional 14,794 shares during the period. Exchange Traded Concepts LLC's holdings in Las Vegas Sands were worth $1,399,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt increased its stake in Las Vegas Sands by 419.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,858 shares of the casino operator's stock worth $94,000 after acquiring an additional 1,500 shares during the last quarter. CWM LLC raised its holdings in Las Vegas Sands by 16.1% in the third quarter. CWM LLC now owns 10,338 shares of the casino operator's stock valued at $520,000 after buying an additional 1,437 shares during the period. FCF Advisors LLC lifted its position in Las Vegas Sands by 51.6% during the third quarter. FCF Advisors LLC now owns 60,614 shares of the casino operator's stock valued at $3,051,000 after buying an additional 20,621 shares in the last quarter. GAMMA Investing LLC grew its stake in Las Vegas Sands by 40.1% during the third quarter. GAMMA Investing LLC now owns 849 shares of the casino operator's stock worth $43,000 after buying an additional 243 shares during the period. Finally, Czech National Bank increased its position in shares of Las Vegas Sands by 3.5% in the third quarter. Czech National Bank now owns 72,007 shares of the casino operator's stock worth $3,625,000 after acquiring an additional 2,440 shares in the last quarter. 39.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Las Vegas Sands from $61.00 to $55.00 and set a "buy" rating on the stock in a research note on Thursday, July 25th. StockNews.com downgraded shares of Las Vegas Sands from a "buy" rating to a "hold" rating in a research report on Thursday, July 25th. Wells Fargo & Company upped their price objective on Las Vegas Sands from $53.00 to $60.00 and gave the company an "overweight" rating in a research note on Tuesday, October 1st. Barclays decreased their target price on Las Vegas Sands from $57.00 to $52.00 and set an "overweight" rating for the company in a research report on Thursday, July 25th. Finally, Macquarie dropped their price target on Las Vegas Sands from $58.00 to $56.00 and set an "outperform" rating on the stock in a research report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Las Vegas Sands currently has a consensus rating of "Moderate Buy" and an average price target of $56.92.

Las Vegas Sands Price Performance

Shares of NYSE:LVS traded up $0.59 during trading on Wednesday, reaching $51.54. The company had a trading volume of 1,121,587 shares, compared to its average volume of 5,798,039. Las Vegas Sands Corp. has a twelve month low of $36.62 and a twelve month high of $55.65. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.57 and a current ratio of 1.58. The firm has a market capitalization of $38.40 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 1.48 and a beta of 1.12. The firm's fifty day moving average is $43.46 and its 200 day moving average is $44.41.

Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its earnings results on Wednesday, July 24th. The casino operator reported $0.55 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.01). The business had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.82 billion. Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The business's revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 earnings per share. On average, equities analysts forecast that Las Vegas Sands Corp. will post 2.45 EPS for the current year.

Las Vegas Sands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Tuesday, August 6th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend was Tuesday, August 6th. Las Vegas Sands's dividend payout ratio is 38.65%.

Las Vegas Sands Company Profile

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.