Las Vegas Sands Corp. (NYSE:LVS) Holdings Lowered by GSA Capital Partners LLP

GSA Capital Partners LLP lessened its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 75.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,304 shares of the casino operator’s stock after selling 13,276 shares during the quarter. GSA Capital Partners LLP’s holdings in Las Vegas Sands were worth $217,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in Las Vegas Sands by 40.1% in the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock valued at $43,000 after buying an additional 243 shares during the last quarter. Signaturefd LLC increased its position in shares of Las Vegas Sands by 7.8% during the third quarter. Signaturefd LLC now owns 3,510 shares of the casino operator’s stock valued at $177,000 after purchasing an additional 253 shares during the period. Waldron Private Wealth LLC raised its stake in shares of Las Vegas Sands by 2.2% in the third quarter. Waldron Private Wealth LLC now owns 12,466 shares of the casino operator’s stock valued at $628,000 after purchasing an additional 268 shares in the last quarter. CVA Family Office LLC lifted its position in Las Vegas Sands by 118.8% in the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock worth $28,000 after purchasing an additional 304 shares during the period. Finally, Western Pacific Wealth Management LP increased its holdings in Las Vegas Sands by 53.5% in the 1st quarter. Western Pacific Wealth Management LP now owns 970 shares of the casino operator’s stock valued at $50,000 after buying an additional 338 shares during the period. 39.16% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Las Vegas Sands

In related news, CEO Robert G. Goldstein sold 24,324 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following the completion of the transaction, the chief executive officer now directly owns 60,187 shares of the company’s stock, valued at approximately $3,129,724. This represents a 28.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.91% of the stock is owned by insiders.

Las Vegas Sands Trading Up 0.0 %

LVS opened at $50.08 on Monday. Las Vegas Sands Corp. has a twelve month low of $36.62 and a twelve month high of $55.65. The firm has a market cap of $36.31 billion, a PE ratio of 24.79, a price-to-earnings-growth ratio of 1.32 and a beta of 1.11. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.89 and a current ratio of 0.90. The firm’s fifty day moving average is $49.73 and its two-hundred day moving average is $44.84.

Las Vegas Sands (NYSE:LVS) last announced its 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). The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.79 billion. Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The business’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the business posted $0.55 earnings per share. Equities research analysts anticipate that Las Vegas Sands Corp. will post 2.33 EPS for the current year.

Las Vegas Sands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.60%. Las Vegas Sands’s dividend payout ratio (DPR) is 39.60%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on LVS shares. Susquehanna lifted their target price on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a research report on Wednesday, October 16th. Wells Fargo & Company lifted their price objective on Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. raised their target price on Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. UBS Group upped their price target on Las Vegas Sands from $49.00 to $50.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Finally, Stifel Nicolaus increased their price objective on Las Vegas Sands from $55.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $58.00.

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.