Van ECK Associates Corp Lowers Holdings in Las Vegas Sands Corp. (NYSE:LVS)

Van ECK Associates Corp trimmed its holdings in Las Vegas Sands Corp. (NYSE:LVSFree Report) by 19.1% during the third quarter, HoldingsChannel reports. The firm owned 71,657 shares of the casino operator’s stock after selling 16,922 shares during the period. Van ECK Associates Corp’s holdings in Las Vegas Sands were worth $3,285,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of LVS. Raymond James Financial Services Advisors Inc. lifted its stake in Las Vegas Sands by 13.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 46,767 shares of the casino operator’s stock worth $1,818,000 after purchasing an additional 5,716 shares in the last quarter. American Century Companies Inc. raised its position in shares of Las Vegas Sands by 17.1% during the 1st quarter. American Century Companies Inc. now owns 13,612 shares of the casino operator’s stock valued at $529,000 after buying an additional 1,985 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of Las Vegas Sands by 6.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 33,282 shares of the casino operator’s stock valued at $1,294,000 after buying an additional 2,145 shares during the period. Cetera Advisor Networks LLC raised its position in shares of Las Vegas Sands by 26.7% during the 1st quarter. Cetera Advisor Networks LLC now owns 13,502 shares of the casino operator’s stock valued at $525,000 after buying an additional 2,848 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in shares of Las Vegas Sands by 47.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 27,000 shares of the casino operator’s stock valued at $1,050,000 after buying an additional 8,711 shares during the period. 39.16% of the stock is owned by hedge funds and other institutional investors.

Las Vegas Sands Stock Performance

NYSE:LVS opened at $54.46 on Tuesday. The company has a fifty day simple moving average of $49.42 and a two-hundred day simple moving average of $49.69. The company has a market cap of $41.04 billion, a price-to-earnings ratio of 34.04, a price-to-earnings-growth ratio of 2.87 and a beta of 1.16. The company has a quick ratio of 1.30, a current ratio of 1.31 and a debt-to-equity ratio of 2.96. Las Vegas Sands Corp. has a 52 week low of $43.77 and a 52 week high of $65.58.

Las Vegas Sands (NYSE:LVSGet Free Report) last posted its quarterly earnings results on Wednesday, January 24th. The casino operator reported $0.57 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.04). The business had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.89 billion. Las Vegas Sands had a return on equity of 34.40% and a net margin of 11.77%. The business’s revenue was up 161.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.19) EPS. As a group, equities analysts anticipate that Las Vegas Sands Corp. will post 2.74 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Tuesday, February 6th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, February 5th. This represents a $0.80 annualized dividend and a dividend yield of 1.47%. Las Vegas Sands’s dividend payout ratio (DPR) is 50.00%.

Las Vegas Sands declared that its Board of Directors has approved a share repurchase program on Wednesday, October 18th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the casino operator to buy up to 5.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research firms have recently commented on LVS. Stifel Nicolaus lifted their price target on shares of Las Vegas Sands from $69.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 19th. Morgan Stanley lifted their price target on shares of Las Vegas Sands from $59.00 to $61.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. StockNews.com lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Friday, December 8th. Susquehanna started coverage on shares of Las Vegas Sands in a report on Friday, December 15th. They issued a “positive” rating and a $59.00 target price for the company. Finally, UBS Group lifted their target price on shares of Las Vegas Sands from $71.00 to $77.00 and gave the company a “buy” rating in a report on Thursday, November 16th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $68.82.

Check Out Our Latest Stock Report on LVS

Insiders Place Their Bets

In related news, major shareholder Miriam Adelson sold 12,253,628 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $43.23, for a total transaction of $529,724,338.44. Following the completion of the transaction, the insider now owns 41,134,164 shares in the company, valued at $1,778,229,909.72. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.91% of the company’s stock.

Las Vegas Sands Company Profile

(Free Report)

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.

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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:LVSFree Report).

Institutional Ownership by Quarter for Las Vegas Sands (NYSE:LVS)

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