Handelsbanken Fonder AB Trims Stake in Las Vegas Sands Corp. (NYSE:LVS)

Handelsbanken Fonder AB cut its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 19.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 122,000 shares of the casino operator’s stock after selling 30,000 shares during the period. Handelsbanken Fonder AB’s holdings in Las Vegas Sands Corp. were worth $7,828,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Empire Life Investments Inc. lifted its stake in shares of Las Vegas Sands Corp. by 23.1% in the first quarter. Empire Life Investments Inc. now owns 56,634 shares of the casino operator’s stock worth $2,810,000 after buying an additional 10,629 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Las Vegas Sands Corp. by 126.6% in the first quarter. Principal Financial Group Inc. now owns 55,946 shares of the casino operator’s stock worth $3,193,000 after buying an additional 31,261 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Las Vegas Sands Corp. by 4.4% in the first quarter. PNC Financial Services Group Inc. now owns 20,671 shares of the casino operator’s stock worth $1,179,000 after buying an additional 866 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Las Vegas Sands Corp. by 12.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 820,251 shares of the casino operator’s stock valued at $46,810,000 after purchasing an additional 88,092 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in Las Vegas Sands Corp. during the 1st quarter valued at $311,000. Hedge funds and other institutional investors own 38.27% of the company’s stock.

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Shares of Las Vegas Sands Corp. (NYSE LVS) traded down $0.02 during trading on Friday, reaching $67.40. The company’s stock had a trading volume of 1,877,700 shares, compared to its average volume of 3,317,099. Las Vegas Sands Corp. has a fifty-two week low of $51.35 and a fifty-two week high of $68.41. The firm has a market cap of $53,294.16, a P/E ratio of 24.25 and a beta of 1.78. The company has a quick ratio of 1.19, a current ratio of 1.07 and a debt-to-equity ratio of 1.38.

Las Vegas Sands Corp. (NYSE:LVS) last posted its earnings results on Wednesday, October 25th. The casino operator reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.10. Las Vegas Sands Corp. had a return on equity of 31.11% and a net margin of 16.80%. The company had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter last year, the firm earned $0.72 earnings per share. The company’s revenue was up 7.7% on a year-over-year basis. sell-side analysts expect that Las Vegas Sands Corp. will post 2.87 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, December 21st will be issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date is Wednesday, December 20th. Las Vegas Sands Corp.’s dividend payout ratio is currently 110.19%.

LVS has been the topic of several analyst reports. Morgan Stanley boosted their price target on shares of Las Vegas Sands Corp. from $63.00 to $65.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. Roth Capital started coverage on shares of Las Vegas Sands Corp. in a report on Wednesday, October 25th. They issued a “buy” rating and a $69.00 target price on the stock. Stifel Nicolaus reissued a “buy” rating and set a $72.00 price objective (up previously from $70.00) on shares of Las Vegas Sands Corp. in a report on Thursday, July 27th. Zacks Investment Research lowered shares of Las Vegas Sands Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Bank of America Corporation reissued a “buy” rating and set a $67.00 price objective (up previously from $65.00) on shares of Las Vegas Sands Corp. in a report on Friday, July 21st. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $65.31.

Las Vegas Sands Corp. Profile

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.

Institutional Ownership by Quarter for Las Vegas Sands Corp. (NYSE:LVS)

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