Duality Advisers LP Cuts Stock Position in Las Vegas Sands Corp. (NYSE:LVS)

Duality Advisers LP lowered its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 66.6% during the 4th quarter, Holdings Channel reports. The firm owned 4,074 shares of the casino operator’s stock after selling 8,122 shares during the period. Duality Advisers LP’s holdings in Las Vegas Sands were worth $200,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of LVS. Waldron Private Wealth LLC increased its stake in Las Vegas Sands by 1.9% in the 4th quarter. Waldron Private Wealth LLC now owns 12,361 shares of the casino operator’s stock worth $608,000 after acquiring an additional 232 shares during the last quarter. New York Life Investment Management LLC increased its stake in Las Vegas Sands by 0.7% in the 3rd quarter. New York Life Investment Management LLC now owns 47,237 shares of the casino operator’s stock worth $2,165,000 after acquiring an additional 306 shares during the last quarter. M&T Bank Corp increased its stake in Las Vegas Sands by 1.4% in the 3rd quarter. M&T Bank Corp now owns 29,896 shares of the casino operator’s stock worth $1,370,000 after acquiring an additional 400 shares during the last quarter. Venturi Wealth Management LLC increased its stake in Las Vegas Sands by 150.4% in the 4th quarter. Venturi Wealth Management LLC now owns 681 shares of the casino operator’s stock worth $34,000 after acquiring an additional 409 shares during the last quarter. Finally, Lindbrook Capital LLC increased its stake in Las Vegas Sands by 12.7% in the 4th quarter. Lindbrook Capital LLC now owns 3,894 shares of the casino operator’s stock worth $192,000 after acquiring an additional 439 shares during the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Trading Down 0.3 %

NYSE LVS opened at $45.43 on Friday. Las Vegas Sands Corp. has a fifty-two week low of $43.77 and a fifty-two week high of $65.58. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a 50 day simple moving average of $51.18 and a two-hundred day simple moving average of $49.63. The stock has a market cap of $33.85 billion, a P/E ratio of 21.95, a price-to-earnings-growth ratio of 0.85 and a beta of 1.16.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, April 17th. The casino operator reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.13. Las Vegas Sands had a return on equity of 42.34% and a net margin of 13.99%. The business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter last year, the business posted $0.28 EPS. The business’s revenue was up 34.9% on a year-over-year basis. On average, analysts forecast that Las Vegas Sands Corp. will post 2.65 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, May 7th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Monday, May 6th. Las Vegas Sands’s dividend payout ratio (DPR) is currently 38.65%.

Wall Street Analyst Weigh In

LVS has been the subject of a number of research reports. Wells Fargo & Company cut their price objective on Las Vegas Sands from $62.00 to $60.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Barclays cut their price objective on Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. JPMorgan Chase & Co. cut their price objective on Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Citigroup upped their price objective on Las Vegas Sands from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Finally, Mizuho dropped their target price on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $63.46.

Insiders Place Their Bets

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 100,000 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $52.06, for a total transaction of $5,206,000.00. Following the completion of the transaction, the chief executive officer now owns 172,801 shares of the company’s stock, valued at $8,996,020.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.91% of the company’s stock.

Las Vegas Sands Company Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, 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 Marina Bay Sands in Singapore.