Las Vegas Sands Corp. (NYSE:LVS) Shares Sold by Panagora Asset Management Inc.

Panagora Asset Management Inc. reduced its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 22.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,913 shares of the casino operator’s stock after selling 5,064 shares during the quarter. Panagora Asset Management Inc.’s holdings in Las Vegas Sands were worth $793,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in LVS. Atria Wealth Solutions Inc. acquired a new stake in shares of Las Vegas Sands in the 4th quarter worth approximately $217,000. Retirement Systems of Alabama increased its holdings in Las Vegas Sands by 9.5% during the 4th quarter. Retirement Systems of Alabama now owns 81,357 shares of the casino operator’s stock valued at $4,004,000 after acquiring an additional 7,032 shares in the last quarter. Savant Capital LLC acquired a new position in Las Vegas Sands during the fourth quarter worth about $227,000. Victory Capital Management Inc. lifted its holdings in shares of Las Vegas Sands by 1.7% in the fourth quarter. Victory Capital Management Inc. now owns 141,764 shares of the casino operator’s stock valued at $6,976,000 after purchasing an additional 2,378 shares in the last quarter. Finally, New York Life Investment Management LLC grew its position in shares of Las Vegas Sands by 11.2% in the fourth quarter. New York Life Investment Management LLC now owns 52,522 shares of the casino operator’s stock valued at $2,585,000 after purchasing an additional 5,285 shares during the last quarter. 39.16% of the stock is owned by hedge funds and other institutional investors.

Las Vegas Sands Price Performance

Shares of Las Vegas Sands stock opened at $38.99 on Tuesday. The business’s fifty day moving average price is $40.73 and its 200 day moving average price is $45.82. Las Vegas Sands Corp. has a twelve month low of $36.62 and a twelve month high of $55.73. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 3.29. The stock has a market capitalization of $28.71 billion, a P/E ratio of 18.84, a PEG ratio of 1.07 and a beta of 1.12.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, July 24th. The casino operator reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The firm had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the previous year, the firm posted $0.46 EPS. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, research analysts anticipate that Las Vegas Sands Corp. will post 2.45 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Tuesday, August 6th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date was Tuesday, August 6th. Las Vegas Sands’s dividend payout ratio is presently 38.65%.

Analysts Set New Price Targets

LVS has been the topic of a number of analyst reports. UBS Group cut Las Vegas Sands from a “buy” rating to a “neutral” rating and lowered their target price for the company from $70.00 to $49.00 in a report on Friday, August 23rd. Stifel Nicolaus cut their target price on shares of Las Vegas Sands from $65.00 to $55.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Argus downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Finally, Jefferies Financial Group reduced their price objective on shares of Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating on the stock in a research note on Thursday, July 11th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $55.67.

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.