Candriam S.C.A. Has $1.30 Million Position in Las Vegas Sands Corp. $LVS

Candriam S.C.A. boosted its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 46.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,903 shares of the casino operator’s stock after buying an additional 9,549 shares during the period. Candriam S.C.A.’s holdings in Las Vegas Sands were worth $1,301,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. American Century Companies Inc. boosted its stake in shares of Las Vegas Sands by 69.3% in the 1st quarter. American Century Companies Inc. now owns 567,101 shares of the casino operator’s stock worth $21,907,000 after buying an additional 232,091 shares during the last quarter. Northern Trust Corp increased its position in shares of Las Vegas Sands by 0.4% during the first quarter. Northern Trust Corp now owns 3,101,190 shares of the casino operator’s stock valued at $119,799,000 after acquiring an additional 12,593 shares during the last quarter. Ground Swell Capital LLC bought a new stake in Las Vegas Sands during the first quarter worth $225,000. Everett Harris & Co. CA bought a new stake in Las Vegas Sands during the first quarter worth $657,000. Finally, Jump Financial LLC boosted its position in Las Vegas Sands by 560.4% in the first quarter. Jump Financial LLC now owns 70,685 shares of the casino operator’s stock worth $2,731,000 after purchasing an additional 59,982 shares during the last quarter. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Las Vegas Sands

In related news, CEO Robert G. Goldstein sold 700,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $58.88, for a total value of $41,216,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP D. Zachary Hudson sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $64.99, for a total transaction of $6,499,000.00. Following the completion of the transaction, the executive vice president directly owned 13,735 shares of the company’s stock, valued at approximately $892,637.65. This represents a 87.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,100,000 shares of company stock worth $126,218,200 over the last 90 days. Corporate insiders own 1.20% of the company’s stock.

Las Vegas Sands Stock Performance

Las Vegas Sands stock opened at $64.91 on Tuesday. Las Vegas Sands Corp. has a 1-year low of $30.18 and a 1-year high of $67.83. The company has a current ratio of 0.89, a quick ratio of 1.21 and a debt-to-equity ratio of 7.42. The firm has a market capitalization of $43.89 billion, a PE ratio of 29.37, a price-to-earnings-growth ratio of 1.62 and a beta of 1.03. The firm’s 50 day simple moving average is $55.71 and its 200 day simple moving average is $50.25.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, October 22nd. The casino operator reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.16. The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.04 billion. Las Vegas Sands had a net margin of 12.69% and a return on equity of 73.14%. The business’s revenue for the quarter was up 24.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.44 EPS. As a group, analysts expect that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 12th. Investors of record on Tuesday, November 4th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.5%. The ex-dividend date was Tuesday, November 4th. Las Vegas Sands’s payout ratio is presently 45.25%.

Analyst Ratings Changes

LVS has been the topic of a number of recent analyst reports. Zacks Research upgraded Las Vegas Sands from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. UBS Group lifted their price objective on shares of Las Vegas Sands from $55.00 to $65.00 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. JPMorgan Chase & Co. increased their target price on shares of Las Vegas Sands from $60.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Wall Street Zen upgraded Las Vegas Sands from a “hold” rating to a “buy” rating in a research note on Sunday, September 7th. Finally, Stifel Nicolaus increased their price objective on Las Vegas Sands from $60.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.13.

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.