Bristol Advisors LLC lowered its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 78.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,600 shares of the casino operator’s stock after selling 27,500 shares during the period. Bristol Advisors LLC’s holdings in Las Vegas Sands were worth $528,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Oppenheimer Asset Management Inc. raised its position in shares of Las Vegas Sands by 2.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 5,580 shares of the casino operator’s stock valued at $357,000 after buying an additional 145 shares during the last quarter. CIBC World Markets Inc. increased its position in Las Vegas Sands by 1.5% during the second quarter. CIBC World Markets Inc. now owns 19,100 shares of the casino operator’s stock worth $1,220,000 after purchasing an additional 290 shares during the last quarter. AXA increased its position in Las Vegas Sands by 3.5% during the second quarter. AXA now owns 103,902 shares of the casino operator’s stock worth $6,638,000 after purchasing an additional 3,549 shares during the last quarter. Aberdeen Asset Management PLC UK increased its position in Las Vegas Sands by 94.1% during the second quarter. Aberdeen Asset Management PLC UK now owns 41,453 shares of the casino operator’s stock worth $2,648,000 after purchasing an additional 20,096 shares during the last quarter. Finally, Martingale Asset Management L P purchased a new stake in Las Vegas Sands during the second quarter worth approximately $1,407,000. Institutional investors own 37.26% of the company’s stock.
In other Las Vegas Sands news, Director George Jamieson acquired 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were purchased at an average price of $66.96 per share, with a total value of $66,960.00. Following the completion of the transaction, the director now owns 6,488 shares in the company, valued at $434,436.48. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 10.10% of the stock is currently owned by company insiders.
Shares of Las Vegas Sands Corp. (NYSE:LVS) opened at $75.18 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 1.38. The stock has a market cap of $57,130.00, a P/E ratio of 21.24 and a beta of 1.72. Las Vegas Sands Corp. has a 52-week low of $51.35 and a 52-week high of $79.84.
Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, January 24th. The casino operator reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.11. The business had revenue of $3.44 billion during the quarter, compared to analyst estimates of $3.26 billion. Las Vegas Sands had a net margin of 21.78% and a return on equity of 34.76%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.62 earnings per share. research analysts anticipate that Las Vegas Sands Corp. will post 3.33 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 22nd will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 3.99%. The ex-dividend date is Wednesday, March 21st. This is a positive change from Las Vegas Sands’s previous quarterly dividend of $0.73. Las Vegas Sands’s dividend payout ratio (DPR) is presently 82.49%.
LVS has been the subject of several analyst reports. Stifel Nicolaus restated a “buy” rating and issued a $88.00 target price (up from $76.00) on shares of Las Vegas Sands in a research note on Thursday, January 25th. Jefferies Group restated a “hold” rating on shares of Las Vegas Sands in a research note on Thursday, January 25th. Zacks Investment Research cut shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Roth Capital began coverage on shares of Las Vegas Sands in a report on Wednesday, October 25th. They issued a “buy” rating and a $69.00 price target on the stock. Finally, Morgan Stanley upped their price target on shares of Las Vegas Sands from $63.00 to $65.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $70.54.
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Las Vegas Sands Company 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.
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