Saranac Partners Ltd bought a new stake in Las Vegas Sands Corp. (NYSE:LVS - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 108,300 shares of the casino operator's stock, valued at approximately $5,005,000. Las Vegas Sands comprises approximately 1.5% of Saranac Partners Ltd's portfolio, making the stock its 27th biggest holding.

• Insiders Sold Big at These 3 Stocks—Should You Worry?

Several other large investors also recently added to or reduced their stakes in the business. International Assets Investment Management LLC acquired a new stake in shares of Las Vegas Sands in the 4th quarter valued at $26,000. DV Equities LLC acquired a new position in Las Vegas Sands during the fourth quarter worth $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in Las Vegas Sands during the fourth quarter worth $29,000. Wilmington Savings Fund Society FSB raised its holdings in Las Vegas Sands by 254.8% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator's stock valued at $36,000 after buying an additional 400 shares in the last quarter. Finally, Activest Wealth Management raised its holdings in Las Vegas Sands by 1,208.0% during the fourth quarter. Activest Wealth Management now owns 654 shares of the casino operator's stock valued at $43,000 after buying an additional 604 shares in the last quarter. 39.16% of the stock is owned by institutional investors.

Las Vegas Sands Stock Up 0.0%

LVS stock opened at $47.04 on Monday. The stock has a market capitalization of $30.47 billion, a price-to-earnings ratio of 18.30, a price-to-earnings-growth ratio of 1.16 and a beta of 0.85. The company has a 50-day moving average of $46.69 and a two-hundred day moving average of $51.37. Las Vegas Sands Corp. has a 52-week low of $44.21 and a 52-week high of $70.45. The company has a debt-to-equity ratio of 15.27, a current ratio of 1.00 and a quick ratio of 0.99.

• Is Bally’s Turnaround a Safe Bet Amid Mixed Investor Sentiment?

Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.17). The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.31 billion. Las Vegas Sands had a return on equity of 133.90% and a net margin of 12.59%.Las Vegas Sands's revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.66 EPS. As a group, equities research analysts anticipate that Las Vegas Sands Corp. will post 3.09 EPS for the current year.

Las Vegas Sands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 12th. Investors of record on Tuesday, August 4th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.6%. The ex-dividend date was Tuesday, August 4th. Las Vegas Sands's dividend payout ratio is presently 46.69%.

Wall Street Analyst Weigh In

• These Stocks Missed on Earnings, But Will Rebound Next Quarter

LVS has been the subject of several recent analyst reports. Morgan Stanley decreased their price target on Las Vegas Sands from $68.00 to $61.00 and set an "equal weight" rating for the company in a research note on Monday, July 27th. Argus downgraded Las Vegas Sands from a "buy" rating to a "hold" rating in a research note on Thursday, July 30th. Wall Street Zen lowered Las Vegas Sands from a "buy" rating to a "hold" rating in a report on Sunday, July 12th. Zacks Research cut Las Vegas Sands from a "hold" rating to a "strong sell" rating in a research report on Thursday, July 23rd. Finally, Barclays lowered their price target on Las Vegas Sands from $63.00 to $59.00 and set an "overweight" rating on the stock in a report on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $61.88.

View Our Latest Stock Analysis on Las Vegas Sands

About Las Vegas Sands

(Free Report)

Las Vegas Sands NYSE: LVS is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company's operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company's portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.

Featured Stories

• Five stocks we like better than Las Vegas Sands
• VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You?
• 3 Closed-End Funds to Maximize Dividend Payments
• Rocket Lab's Sell-Off Is Fading—Is It Finally Safe to Buy?
• $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Las Vegas Sands Right Now?

Before you consider Las Vegas Sands, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Las Vegas Sands wasn't on the list.

While Las Vegas Sands currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here