U S Global Investors Inc. Makes New $433,000 Investment in Las Vegas Sands Corp. (NYSE:LVS)

U S Global Investors Inc. bought a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) during the third quarter, HoldingsChannel reports. The fund bought 8,600 shares of the casino operator’s stock, valued at approximately $433,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Wedmont Private Capital bought a new stake in shares of Las Vegas Sands in the first quarter worth $202,000. Park Avenue Securities LLC grew its stake in shares of Las Vegas Sands by 40.2% in the first quarter. Park Avenue Securities LLC now owns 17,360 shares of the casino operator’s stock worth $898,000 after purchasing an additional 4,981 shares during the last quarter. ARGA Investment Management LP grew its stake in shares of Las Vegas Sands by 6.4% in the first quarter. ARGA Investment Management LP now owns 3,308,987 shares of the casino operator’s stock worth $171,075,000 after purchasing an additional 198,413 shares during the last quarter. Hengehold Capital Management LLC bought a new stake in shares of Las Vegas Sands in the first quarter worth $217,000. Finally, Fifth Third Wealth Advisors LLC boosted its position in Las Vegas Sands by 9.6% during the first quarter. Fifth Third Wealth Advisors LLC now owns 16,075 shares of the casino operator’s stock valued at $831,000 after acquiring an additional 1,408 shares during the last quarter. Institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Stock Performance

Shares of Las Vegas Sands stock traded down $0.03 on Tuesday, reaching $51.14. 190,813 shares of the company traded hands, compared to its average volume of 5,747,501. The company has a 50 day moving average of $44.46 and a 200 day moving average of $44.36. The firm has a market capitalization of $38.10 billion, a PE ratio of 24.72, a PEG ratio of 1.48 and a beta of 1.12. Las Vegas Sands Corp. has a 52 week low of $36.62 and a 52 week high of $55.65. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.58 and a quick ratio of 1.57.

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

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Tuesday, August 6th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date was Tuesday, August 6th. Las Vegas Sands’s dividend payout ratio is currently 38.65%.

Analyst Ratings Changes

Several brokerages have recently weighed in on LVS. Stifel Nicolaus dropped their price objective on shares of Las Vegas Sands from $65.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Macquarie dropped their price objective on shares of Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. JPMorgan Chase & Co. upped their price objective on shares of Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Jefferies Financial Group lowered their target price on shares of Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating on the stock in a report on Thursday, July 11th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.42.

About Las Vegas Sands

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.