Las Vegas Sands Corp. $LVS Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC decreased its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 45.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 15,603 shares of the casino operator’s stock after selling 13,216 shares during the period. Intech Investment Management LLC’s holdings in Las Vegas Sands were worth $839,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Total Investment Management Inc. purchased a new position in shares of Las Vegas Sands during the 2nd quarter worth about $25,000. Westside Investment Management Inc. increased its position in Las Vegas Sands by 48.0% during the third quarter. Westside Investment Management Inc. now owns 512 shares of the casino operator’s stock worth $28,000 after purchasing an additional 166 shares during the last quarter. Root Financial Partners LLC acquired a new position in shares of Las Vegas Sands in the 3rd quarter valued at $33,000. Smartleaf Asset Management LLC boosted its holdings in shares of Las Vegas Sands by 549.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 630 shares of the casino operator’s stock valued at $35,000 after purchasing an additional 533 shares during the last quarter. Finally, MAI Capital Management grew its stake in shares of Las Vegas Sands by 78.4% during the 3rd quarter. MAI Capital Management now owns 710 shares of the casino operator’s stock valued at $38,000 after buying an additional 312 shares during the period. 39.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, major shareholder Miriam Adelson sold 77,991 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $67.56, for a total value of $5,269,071.96. Following the completion of the sale, the insider owned 23,333,441 shares of the company’s stock, valued at $1,576,407,273.96. This represents a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Robert G. Goldstein sold 1,198,650 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $66.68, for a total transaction of $79,925,982.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,477,991 shares of company stock valued at $165,323,554 in the last 90 days. Insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on LVS shares. Stifel Nicolaus cut their price objective on Las Vegas Sands from $75.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, January 29th. Zacks Research cut Las Vegas Sands from a “strong-buy” rating to a “hold” rating in a report on Monday, December 22nd. Seaport Research Partners dropped their target price on shares of 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. Barclays set a $64.00 price target on shares of Las Vegas Sands in a report on Thursday, January 29th. Finally, The Goldman Sachs Group reduced their price target on shares of Las Vegas Sands from $80.00 to $73.00 and set a “buy” rating on the stock in a research report on Thursday, January 29th. Twelve analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.55.

Las Vegas Sands Stock Up 0.5%

Shares of NYSE LVS opened at $53.84 on Tuesday. The company has a debt-to-equity ratio of 7.58, a quick ratio of 1.13 and a current ratio of 1.14. Las Vegas Sands Corp. has a 1 year low of $30.18 and a 1 year high of $70.45. The stock’s 50-day simple moving average is $58.48 and its 200-day simple moving average is $58.99. The firm has a market cap of $36.18 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 1.37 and a beta of 0.88.

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

Las Vegas Sands Increases Dividend

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

About Las Vegas Sands

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.