First Quadrant L P CA decreased its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 96.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,000 shares of the casino operator’s stock after selling 183,066 shares during the quarter. First Quadrant L P CA’s holdings in Las Vegas Sands were worth $356,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. Flagship Harbor Advisors LLC purchased a new position in shares of Las Vegas Sands during the second quarter valued at $135,000. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in shares of Las Vegas Sands during the third quarter valued at $126,000. Zacks Investment Management purchased a new position in shares of Las Vegas Sands during the second quarter valued at $202,000. Pennsylvania Trust Co purchased a new position in shares of Las Vegas Sands during the second quarter valued at $210,000. Finally, AE Wealth Management LLC purchased a new position in shares of Las Vegas Sands during the second quarter valued at $212,000. Institutional investors and hedge funds own 38.50% of the company’s stock.
A number of research analysts have recently weighed in on LVS shares. Goldman Sachs Group downgraded Las Vegas Sands from a “conviction-buy” rating to a “buy” rating in a report on Friday, October 19th. Zacks Investment Research downgraded Las Vegas Sands from a “hold” rating to a “sell” rating in a report on Friday, September 28th. Credit Suisse Group started coverage on Las Vegas Sands in a report on Tuesday, August 14th. They set a “neutral” rating and a $72.00 price target on the stock. Morgan Stanley set a $68.00 price target on Las Vegas Sands and gave the company a “buy” rating in a report on Thursday, October 25th. Finally, Nomura lowered their price target on Las Vegas Sands from $76.00 to $72.00 and set a “neutral” rating on the stock in a report on Monday, July 9th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $73.50.
Shares of NYSE LVS opened at $50.89 on Wednesday. The company has a current ratio of 1.70, a quick ratio of 1.68 and a debt-to-equity ratio of 1.40. Las Vegas Sands Corp. has a one year low of $49.28 and a one year high of $81.45. The stock has a market capitalization of $41.28 billion, a price-to-earnings ratio of 16.74 and a beta of 1.56.
Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, October 24th. The casino operator reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.04). Las Vegas Sands had a net margin of 27.71% and a return on equity of 33.98%. The firm had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $3.41 billion. On average, equities research analysts anticipate that Las Vegas Sands Corp. will post 3.39 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 27th. Shareholders of record on Tuesday, December 18th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Monday, December 17th. This represents a $3.00 dividend on an annualized basis and a yield of 5.90%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 98.68%.
Las Vegas Sands Company Profile
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.
Further Reading: Why is the conference call important?
Want to see what other hedge funds are holding LVS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Las Vegas Sands Corp. (NYSE:LVS).
Receive News & Ratings for Las Vegas Sands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Las Vegas Sands and related companies with MarketBeat.com's FREE daily email newsletter.