Amalgamated Bank Sells 3,442 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Amalgamated Bank decreased its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 87,371 shares of the casino operator’s stock after selling 3,442 shares during the quarter. Amalgamated Bank’s holdings in Las Vegas Sands were worth $4,300,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in LVS. Headlands Technologies LLC purchased a new stake in Las Vegas Sands in the third quarter valued at about $27,000. CNB Bank acquired a new stake in Las Vegas Sands during the third quarter worth about $32,000. Venturi Wealth Management LLC grew its holdings in Las Vegas Sands by 150.4% in the fourth quarter. Venturi Wealth Management LLC now owns 681 shares of the casino operator’s stock valued at $34,000 after purchasing an additional 409 shares during the period. Mizuho Securities Co. Ltd. acquired a new stake in Las Vegas Sands in the fourth quarter valued at approximately $39,000. Finally, Massmutual Trust Co. FSB ADV grew its holdings in Las Vegas Sands by 617.3% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 911 shares of the casino operator’s stock valued at $45,000 after purchasing an additional 784 shares during the period. Institutional investors own 39.16% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on LVS shares. Stifel Nicolaus lowered their price target on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Citigroup lifted their price target on Las Vegas Sands from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Barclays lowered their price target on Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. Mizuho cut their target price on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Finally, Wells Fargo & Company reduced their price target on Las Vegas Sands from $62.00 to $60.00 and set an “overweight” rating on the stock 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $63.46.

Las Vegas Sands Stock Performance

Shares of LVS stock opened at $46.77 on Thursday. The firm has a market cap of $34.85 billion, a P/E ratio of 22.59, a P/E/G ratio of 0.87 and a beta of 1.18. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.29 and a current ratio of 1.30. Las Vegas Sands Corp. has a one year low of $43.77 and a one year high of $63.51. The firm’s 50 day moving average price is $50.07 and its 200-day moving average price is $49.71.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, April 17th. The casino operator reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.13. Las Vegas Sands had a net margin of 13.99% and a return on equity of 42.34%. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the firm earned $0.28 earnings per share. The business’s revenue for the quarter was up 34.9% compared to the same quarter last year. As a group, equities research analysts predict that Las Vegas Sands Corp. will post 2.63 EPS for the current year.

Las Vegas Sands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, May 7th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, May 6th. This represents a $0.80 annualized dividend and a yield of 1.71%. Las Vegas Sands’s payout ratio is 38.65%.

Insider Buying and Selling

In related news, CEO Robert G. Goldstein sold 100,000 shares of the business’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 directly owns 172,801 shares of the company’s stock, valued at approximately $8,996,020.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is currently owned by insiders.

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.