Las Vegas Sands Corp. $LVS Shares Bought by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC grew its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 293.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,061 shares of the casino operator’s stock after buying an additional 20,184 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Las Vegas Sands were worth $1,456,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Westside Investment Management Inc. raised its holdings in Las Vegas Sands by 48.0% in the third quarter. Westside Investment Management Inc. now owns 512 shares of the casino operator’s stock valued at $28,000 after acquiring an additional 166 shares in the last quarter. Alps Advisors Inc. grew its holdings in Las Vegas Sands by 2.4% during the 3rd quarter. Alps Advisors Inc. now owns 8,528 shares of the casino operator’s stock worth $459,000 after acquiring an additional 197 shares in the last quarter. Horizon Kinetics Asset Management LLC increased its position in shares of Las Vegas Sands by 0.3% in the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 61,993 shares of the casino operator’s stock worth $2,697,000 after purchasing an additional 213 shares during the last quarter. MAI Capital Management increased its position in shares of Las Vegas Sands by 78.4% in the 3rd quarter. MAI Capital Management now owns 710 shares of the casino operator’s stock worth $38,000 after purchasing an additional 312 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its stake in shares of Las Vegas Sands by 2.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 11,247 shares of the casino operator’s stock valued at $607,000 after purchasing an additional 314 shares in the last quarter. Institutional investors own 39.16% of the company’s stock.

Insider Activity

In other news, major shareholder Miriam Adelson sold 77,991 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $67.56, for a total transaction of $5,269,071.96. Following the completion of the transaction, the insider directly owned 23,333,441 shares in the company, valued at approximately $1,576,407,273.96. The trade was a 0.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Robert G. Goldstein sold 1,198,650 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $66.68, for a total value of $79,925,982.00. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 2,477,991 shares of company stock valued at $165,323,554. 1.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Mizuho lifted their price target on Las Vegas Sands from $63.00 to $65.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. Seaport Research Partners decreased their target price on Las Vegas Sands from $75.00 to $72.00 and set a “buy” rating for the company in a research report on Wednesday, January 14th. HSBC boosted their price target on Las Vegas Sands from $67.50 to $73.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Weiss Ratings restated a “hold (c+)” rating on shares of Las Vegas Sands in a research note on Monday, December 29th. Finally, Morgan Stanley set a $66.00 target price on shares of Las Vegas Sands in a research note on Wednesday, February 11th. Twelve equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Las Vegas Sands currently has an average rating of “Moderate Buy” and an average target price of $68.55.

Las Vegas Sands Trading Down 1.7%

NYSE:LVS opened at $55.12 on Friday. The firm has a market capitalization of $37.04 billion, a P/E ratio of 23.56, a P/E/G ratio of 1.43 and a beta of 0.88. The business has a 50 day simple moving average of $58.97 and a 200 day simple moving average of $58.91. The company has a debt-to-equity ratio of 7.58, a current ratio of 1.14 and a quick ratio of 1.13. Las Vegas Sands Corp. has a 12-month low of $30.18 and a 12-month high of $70.45.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, January 28th. The casino operator reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.08. Las Vegas Sands had a return on equity of 91.40% and a net margin of 12.50%.The company had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.33 billion. During the same period last year, the business posted $0.54 earnings per share. The firm’s quarterly revenue was up 26.0% compared to the same quarter last year. Equities research analysts predict that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Monday, February 9th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Monday, February 9th. This is a positive change from Las Vegas Sands’s previous quarterly dividend of $0.25. Las Vegas Sands’s dividend payout ratio (DPR) is presently 51.28%.

Las Vegas Sands Company Profile

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.