Deprince Race & Zollo Inc. Makes New $18.83 Million Investment in Las Vegas Sands Corp. (NYSE:LVS)

Deprince Race & Zollo Inc. purchased a new stake in Las Vegas Sands Corp. (NYSE:LVS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 425,594 shares of the casino operator’s stock, valued at approximately $18,833,000. Deprince Race & Zollo Inc. owned 0.06% of Las Vegas Sands at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Corient Private Wealth LLC grew its position in Las Vegas Sands by 1.0% in the fourth quarter. Corient Private Wealth LLC now owns 28,532 shares of the casino operator’s stock worth $1,404,000 after acquiring an additional 288 shares during the period. Czech National Bank grew its holdings in shares of Las Vegas Sands by 0.5% during the 1st quarter. Czech National Bank now owns 64,974 shares of the casino operator’s stock worth $3,359,000 after purchasing an additional 319 shares during the period. Western Pacific Wealth Management LP increased its position in shares of Las Vegas Sands by 53.5% during the 1st quarter. Western Pacific Wealth Management LP now owns 970 shares of the casino operator’s stock worth $50,000 after purchasing an additional 338 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Las Vegas Sands by 54.8% during the 4th quarter. Parallel Advisors LLC now owns 1,008 shares of the casino operator’s stock worth $50,000 after purchasing an additional 357 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Las Vegas Sands by 0.8% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 53,098 shares of the casino operator’s stock valued at $2,350,000 after buying an additional 401 shares during the period. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Stock Performance

NYSE:LVS opened at $48.39 on Friday. The firm has a market capitalization of $35.64 billion, a PE ratio of 23.38, a price-to-earnings-growth ratio of 1.20 and a beta of 1.11. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.58 and a quick ratio of 1.57. The business’s fifty day moving average price is $40.10 and its 200 day moving average price is $44.43. Las Vegas Sands Corp. has a 12 month low of $36.62 and a 12 month high of $55.65.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, July 24th. The casino operator reported $0.55 earnings per share 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 for the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the previous year, the firm earned $0.46 EPS. Las Vegas Sands’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Las Vegas Sands Corp. will post 2.45 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Tuesday, August 6th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date was Tuesday, August 6th. Las Vegas Sands’s dividend payout ratio (DPR) is 38.65%.

Analyst Ratings Changes

LVS has been the subject of several research analyst reports. Argus lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Macquarie lowered their target price on Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Morgan Stanley cut their price target on shares of Las Vegas Sands from $55.00 to $50.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 4th. StockNews.com lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft cut 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 research note on Thursday, July 25th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $55.25.

Las Vegas Sands 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.