Las Vegas Sands Corp. (NYSE:LVS) Sees Large Growth in Short Interest

Las Vegas Sands Corp. (NYSE:LVS) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 8,510,000 shares, an increase of 5.8% from the August 30th total of 8,040,000 shares. Based on an average daily volume of 5,270,000 shares, the days-to-cover ratio is currently 1.6 days. Approximately 2.5% of the company’s stock are sold short.

In related news, General Counsel Kathleen Bender Patton sold 2,008 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $35.60, for a total value of $71,484.80. Also, EVP Lawrence A. Jacobs sold 66,667 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $60.16, for a total transaction of $4,010,686.72. Following the completion of the transaction, the executive vice president now owns 66,667 shares in the company, valued at $4,010,686.72. The disclosure for this sale can be found here. Corporate insiders own 10.50% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Manchester Financial Inc. bought a new position in shares of Las Vegas Sands during the 2nd quarter worth about $26,000. Manchester Capital Management LLC lifted its holdings in shares of Las Vegas Sands by 164.8% during the 2nd quarter. Manchester Capital Management LLC now owns 482 shares of the casino operator’s stock worth $28,000 after acquiring an additional 300 shares during the period. Lenox Wealth Advisors LLC lifted its holdings in shares of Las Vegas Sands by 247.1% during the 3rd quarter. Lenox Wealth Advisors LLC now owns 486 shares of the casino operator’s stock worth $28,000 after acquiring an additional 346 shares during the period. Allworth Financial LP lifted its holdings in shares of Las Vegas Sands by 195.6% during the 3rd quarter. Allworth Financial LP now owns 538 shares of the casino operator’s stock worth $31,000 after acquiring an additional 356 shares during the period. Finally, Rehmann Capital Advisory Group lifted its holdings in shares of Las Vegas Sands by 49.0% during the 1st quarter. Rehmann Capital Advisory Group now owns 605 shares of the casino operator’s stock worth $37,000 after acquiring an additional 199 shares during the period. Institutional investors own 36.33% of the company’s stock.

A number of research analysts recently issued reports on LVS shares. Morgan Stanley lowered their target price on shares of Las Vegas Sands from $68.00 to $66.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 17th. Argus lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Deutsche Bank upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating and raised their target price for the company from $69.00 to $70.00 in a research note on Sunday, September 8th. UBS Group lowered their target price on shares of Las Vegas Sands from $63.00 to $62.00 and set a “neutral” rating on the stock in a research note on Friday, September 13th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Las Vegas Sands from $68.00 to $60.00 and set a “neutral” rating on the stock in a research note on Friday, September 6th. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Las Vegas Sands currently has an average rating of “Hold” and an average target price of $67.10.

NYSE LVS traded up $0.12 during midday trading on Thursday, hitting $57.53. The company had a trading volume of 702,117 shares, compared to its average volume of 4,385,074. The company has a quick ratio of 1.62, a current ratio of 1.64 and a debt-to-equity ratio of 1.81. The stock has a market cap of $44.19 billion, a price-to-earnings ratio of 17.33, a P/E/G ratio of 7.50 and a beta of 1.60. The firm has a fifty day simple moving average of $56.71 and a two-hundred day simple moving average of $59.76. Las Vegas Sands has a fifty-two week low of $47.39 and a fifty-two week high of $69.60.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, July 24th. The casino operator reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.09). The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.39 billion. Las Vegas Sands had a return on equity of 35.77% and a net margin of 14.01%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.76 earnings per share. As a group, equities analysts predict that Las Vegas Sands will post 3.17 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Wednesday, September 18th were given a $0.77 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $3.08 annualized dividend and a yield of 5.35%. Las Vegas Sands’s dividend payout ratio is 92.77%.

Las Vegas Sands Company Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.

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