Nisa Investment Advisors LLC trimmed its position in Las Vegas Sands Corp. (NYSE:LVS) by 8.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 122,133 shares of the casino operator’s stock after selling 10,600 shares during the period. Nisa Investment Advisors LLC’s holdings in Las Vegas Sands were worth $8,487,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. San Francisco Sentry Investment Group CA acquired a new position in Las Vegas Sands in the third quarter worth about $181,000. Steward Partners Investment Advisory LLC acquired a new position in Las Vegas Sands in the third quarter valued at approximately $198,000. Chase Investment Counsel Corp acquired a new position in Las Vegas Sands in the third quarter valued at approximately $200,000. SevenBridge Financial Group LLC boosted its stake in Las Vegas Sands by 199.5% in the third quarter. SevenBridge Financial Group LLC now owns 3,250 shares of the casino operator’s stock valued at $209,000 after acquiring an additional 2,165 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new position in Las Vegas Sands in the third quarter valued at approximately $209,000. Institutional investors and hedge funds own 37.45% of the company’s stock.
In other Las Vegas Sands news, Director George Jamieson acquired 1,000 shares of Las Vegas Sands stock in a transaction dated Tuesday, November 14th. The stock was acquired at an average cost of $66.96 per share, for a total transaction of $66,960.00. Following the completion of the transaction, the director now owns 6,488 shares in the company, valued at approximately $434,436.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 10.10% of the company’s stock.
A number of brokerages have commented on LVS. Zacks Investment Research downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Stifel Nicolaus restated a “buy” rating and issued a $76.00 target price on shares of Las Vegas Sands in a research note on Tuesday, January 9th. Barclays lifted their target price on Las Vegas Sands from $69.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, December 7th. Morgan Stanley upgraded Las Vegas Sands from an “equal weight” rating to an “overweight” rating and set a $65.00 target price for the company in a research note on Monday, November 6th. Finally, Nomura lifted their target price on Las Vegas Sands from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, October 26th. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Las Vegas Sands presently has an average rating of “Buy” and a consensus target price of $66.19.
Las Vegas Sands Corp. (NYSE:LVS) opened at $71.02 on Monday. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $56,139.89, a P/E ratio of 26.80 and a beta of 1.80. Las Vegas Sands Corp. has a 52-week low of $51.35 and a 52-week high of $72.20.
Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, October 25th. The casino operator reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.10. The business had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.14 billion. Las Vegas Sands had a return on equity of 31.11% and a net margin of 16.80%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 earnings per share. research analysts anticipate that Las Vegas Sands Corp. will post 2.9 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Thursday, December 21st were given a dividend of $0.73 per share. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $2.92 annualized dividend and a dividend yield of 4.11%. Las Vegas Sands’s dividend payout ratio is presently 110.19%.
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About Las Vegas Sands
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.
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