Nomura Asset Management Co. Ltd. Grows Stock Holdings in Las Vegas Sands Corp. (NYSE:LVS)

Nomura Asset Management Co. Ltd. raised its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 9.0% in the 3rd quarter, Holdings Channel reports. The fund owned 109,908 shares of the casino operator’s stock after acquiring an additional 9,069 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Las Vegas Sands were worth $5,533,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. CVA Family Office LLC increased its holdings in shares of Las Vegas Sands by 118.8% in the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock valued at $28,000 after purchasing an additional 304 shares during the period. Ashton Thomas Securities LLC acquired a new position in Las Vegas Sands in the 3rd quarter valued at $34,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in Las Vegas Sands by 93.2% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock valued at $40,000 after buying an additional 437 shares during the period. GAMMA Investing LLC raised its position in Las Vegas Sands by 40.1% during the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock worth $43,000 after buying an additional 243 shares during the last quarter. Finally, Vestor Capital LLC acquired a new stake in shares of Las Vegas Sands in the 3rd quarter worth $43,000. 39.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Robert G. Goldstein sold 119,221 shares of Las Vegas Sands stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $53.73, for a total transaction of $6,405,744.33. Following the completion of the sale, the chief executive officer now directly owns 84,511 shares in the company, valued at $4,540,776.03. The trade was a 58.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert G. Goldstein sold 60,187 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $53.02, for a total transaction of $3,191,114.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 203,732 shares of company stock worth $10,861,707. 0.91% of the stock is owned by corporate insiders.

Las Vegas Sands Price Performance

Shares of NYSE LVS opened at $53.87 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 3.09. The company’s 50-day moving average price is $51.85 and its 200 day moving average price is $45.61. Las Vegas Sands Corp. has a 52 week low of $36.62 and a 52 week high of $56.60. The stock has a market cap of $39.06 billion, a price-to-earnings ratio of 26.67, a PEG ratio of 1.44 and a beta of 1.10.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, October 23rd. The casino operator reported $0.44 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.09). Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same quarter in the prior year, the company earned $0.55 earnings per share. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. As a group, research analysts forecast that Las Vegas Sands Corp. will post 2.33 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date was Tuesday, November 5th. Las Vegas Sands’s payout ratio is currently 39.60%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LVS. Stifel Nicolaus increased their price target on shares of Las Vegas Sands from $55.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. increased their target price on Las Vegas Sands from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday. Wells Fargo & Company lifted their price target on Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Mizuho upped their price objective on Las Vegas Sands from $52.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Barclays raised their target price on Las Vegas Sands from $58.00 to $61.00 and gave the company an “overweight” rating in a report on Friday. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.42.

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.