Sicart Associates LLC acquired a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 12,300 shares of the casino operator’s stock, valued at approximately $710,000.
Other institutional investors have also modified their holdings of the company. Enterprise Financial Services Corp lifted its stake in shares of Las Vegas Sands by 35.0% in the 2nd quarter. Enterprise Financial Services Corp now owns 991 shares of the casino operator’s stock worth $59,000 after acquiring an additional 257 shares during the period. Almanack Investment Partners LLC. acquired a new stake in shares of Las Vegas Sands in the second quarter valued at about $109,000. Annex Advisory Services LLC lifted its stake in shares of Las Vegas Sands by 2.1% in the second quarter. Annex Advisory Services LLC now owns 25,709 shares of the casino operator’s stock valued at $1,519,000 after purchasing an additional 528 shares during the period. Gradient Investments LLC lifted its stake in shares of Las Vegas Sands by 23,218.5% in the second quarter. Gradient Investments LLC now owns 152,270 shares of the casino operator’s stock valued at $8,998,000 after purchasing an additional 151,617 shares during the period. Finally, FDx Advisors Inc. acquired a new stake in shares of Las Vegas Sands in the second quarter valued at about $239,000. 36.83% of the stock is currently owned by institutional investors.
In related news, General Counsel Kathleen Bender Patton sold 2,008 shares of the business’s stock in a transaction that occurred 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 business’s stock in a transaction that occurred 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 sale, the executive vice president now owns 66,667 shares of the company’s stock, valued at $4,010,686.72. The disclosure for this sale can be found here. Insiders own 10.50% of the company’s stock.
Shares of NYSE LVS traded up $0.33 during midday trading on Monday, reaching $57.79. 47,473 shares of the stock were exchanged, compared to its average volume of 8,354,145. The company has a market capitalization of $44.70 billion, a P/E ratio of 17.39, a P/E/G ratio of 7.54 and a beta of 1.60. Las Vegas Sands Corp. has a 52-week low of $47.39 and a 52-week high of $69.60. The company has a current ratio of 1.64, a quick ratio of 1.62 and a debt-to-equity ratio of 1.81. The stock has a 50 day moving average price of $56.77 and a 200-day moving average price of $59.74.
Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, July 24th. The casino operator reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.09). The firm had revenue of $3.33 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 earnings per share. On average, analysts forecast that Las Vegas Sands Corp. will post 3.17 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Wednesday, September 18th were issued a dividend of $0.77 per share. The ex-dividend date was Tuesday, September 17th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 5.33%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 92.77%.
Las Vegas Sands 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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