Las Vegas Sands Corp. $LVS Shares Sold by Candriam S.C.A.

Candriam S.C.A. reduced its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 44.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,961 shares of the casino operator’s stock after selling 23,521 shares during the period. Candriam S.C.A.’s holdings in Las Vegas Sands were worth $1,099,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Pension & Wealth Management Advisors Inc. grew its stake in shares of Las Vegas Sands by 13.9% during the 2nd quarter. Pension & Wealth Management Advisors Inc. now owns 2,012 shares of the casino operator’s stock worth $93,000 after acquiring an additional 245 shares in the last quarter. Center for Financial Planning Inc. boosted its holdings in Las Vegas Sands by 24.2% during the third quarter. Center for Financial Planning Inc. now owns 1,788 shares of the casino operator’s stock worth $68,000 after purchasing an additional 348 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Las Vegas Sands by 73.4% in the first quarter. Geneos Wealth Management Inc. now owns 886 shares of the casino operator’s stock valued at $48,000 after purchasing an additional 375 shares in the last quarter. Janus Henderson Group PLC grew its position in Las Vegas Sands by 1.0% in the first quarter. Janus Henderson Group PLC now owns 40,491 shares of the casino operator’s stock valued at $2,132,000 after purchasing an additional 397 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in Las Vegas Sands by 7.2% in the 1st quarter. Parallel Advisors LLC now owns 5,988 shares of the casino operator’s stock valued at $323,000 after buying an additional 403 shares during the last quarter. 39.16% of the stock is currently owned by institutional investors.

Las Vegas Sands Stock Down 1.6%

Las Vegas Sands stock opened at $40.17 on Thursday. The company’s 50-day moving average price is $39.05 and its two-hundred day moving average price is $48.26. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 15.27. The stock has a market cap of $25.19 billion, a P/E ratio of 16.46, a P/E/G ratio of 0.97 and a beta of 0.78. Las Vegas Sands Corp. has a twelve month low of $35.03 and a twelve month high of $70.45.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, October 21st. The casino operator reported $0.54 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.14). The firm had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.33 billion. Las Vegas Sands had a net margin of 11.85% and a return on equity of 177.43%. Las Vegas Sands’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.78 EPS. As a group, analysts expect that Las Vegas Sands Corp. will post 2.81 EPS for the current year.

Las Vegas Sands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 10th. Investors of record on Monday, November 2nd were paid a $0.30 dividend. The ex-dividend date was Monday, November 2nd. This represents a $1.20 annualized dividend and a yield of 3.0%. Las Vegas Sands’s payout ratio is 49.18%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LVS. The Goldman Sachs Group set a $41.00 price objective on Las Vegas Sands in a report on Thursday, October 22nd. Weiss Ratings lowered Las Vegas Sands from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, October 19th. Jefferies Financial Group dropped their target price on Las Vegas Sands from $40.00 to $37.00 and set a “hold” rating on the stock in a report on Thursday, October 22nd. Zacks Research cut Las Vegas Sands from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 3rd. Finally, Wells Fargo & Company decreased their price target on Las Vegas Sands from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, October 22nd. Ten research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $53.28.

About Las Vegas Sands

Las Vegas Sands is a global developer and operator of integrated resorts, combining casino gaming with hotels, dining, shopping, entertainment and convention facilities. The company’s properties include Marina Bay Sands in Singapore and several resorts in Macau, such as The Venetian Macao, The Londoner Macao and The Parisian Macao. Founded by Sheldon Adelson, the company helped popularize the integrated-resort model with The Venetian Resort in Las Vegas, which opened in 1999. Las Vegas Sands sold its Las Vegas properties in 2022 and now focuses its resort operations on Macau and Singapore.