Virtu Financial LLC decreased its position in Las Vegas Sands Corp. (NYSE:LVS) by 78.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,261 shares of the casino operator’s stock after selling 22,157 shares during the quarter. Virtu Financial LLC’s holdings in Las Vegas Sands were worth $362,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in LVS. Livingston Group Asset Management CO operating as Southport Capital Management raised its stake in shares of Las Vegas Sands by 4.8% in the 3rd quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 3,756 shares of the casino operator’s stock valued at $217,000 after acquiring an additional 171 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Las Vegas Sands by 5.5% during the second quarter. Parallel Advisors LLC now owns 3,726 shares of the casino operator’s stock worth $220,000 after buying an additional 195 shares in the last quarter. CWH Capital Management Inc. grew its stake in shares of Las Vegas Sands by 0.4% during the 3rd quarter. CWH Capital Management Inc. now owns 54,918 shares of the casino operator’s stock worth $3,172,000 after acquiring an additional 210 shares in the last quarter. Wetherby Asset Management Inc. raised its holdings in shares of Las Vegas Sands by 6.1% in the second quarter. Wetherby Asset Management Inc. now owns 3,898 shares of the casino operator’s stock valued at $230,000 after purchasing an additional 225 shares during the last quarter. Finally, Stonebridge Capital Advisors LLC raised its holdings in shares of Las Vegas Sands by 1.3% in the second quarter. Stonebridge Capital Advisors LLC now owns 18,850 shares of the casino operator’s stock valued at $1,114,000 after purchasing an additional 240 shares during the last quarter. Institutional investors and hedge funds own 35.95% of the company’s stock.
Several research analysts recently commented on LVS shares. Argus cut shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. Deutsche Bank restated a “buy” rating and set a $70.00 price objective on shares of Las Vegas Sands in a research note on Thursday, November 21st. JPMorgan Chase & Co. decreased their price objective on Las Vegas Sands from $68.00 to $60.00 and set a “neutral” rating for the company in a report on Friday, September 6th. Morgan Stanley lowered their target price on Las Vegas Sands from $68.00 to $66.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 17th. Finally, UBS Group dropped their target price on Las Vegas Sands from $63.00 to $62.00 and set a “neutral” rating on the stock in a report on Friday, September 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. Las Vegas Sands currently has a consensus rating of “Hold” and a consensus target price of $66.90.
Shares of LVS stock opened at $61.93 on Wednesday. The company has a market capitalization of $47.56 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 5.84 and a beta of 1.61. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.59 and a current ratio of 1.60. The company has a 50-day simple moving average of $61.53 and a 200 day simple moving average of $58.79. Las Vegas Sands Corp. has a 52 week low of $47.39 and a 52 week high of $69.60.
Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, October 23rd. The casino operator reported $0.75 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.75. The firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.30 billion. Las Vegas Sands had a net margin of 13.86% and a return on equity of 37.04%. The business’s revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.77 EPS. Sell-side analysts forecast that Las Vegas Sands Corp. will post 3.15 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date is Monday, December 16th. Las Vegas Sands’s dividend payout ratio is presently 92.77%.
About Las Vegas Sands
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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