Exchange Traded Concepts LLC Decreases Holdings in Las Vegas Sands Corp. $LVS

Exchange Traded Concepts LLC trimmed its position in Las Vegas Sands Corp. (NYSE:LVS) by 31.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,249 shares of the casino operator’s stock after selling 10,876 shares during the period. Exchange Traded Concepts LLC’s holdings in Las Vegas Sands were worth $1,578,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of LVS. Pallas Capital Advisors LLC lifted its holdings in shares of Las Vegas Sands by 92.4% during the 4th quarter. Pallas Capital Advisors LLC now owns 40,337 shares of the casino operator’s stock valued at $2,626,000 after purchasing an additional 19,375 shares during the last quarter. Net Worth Advisory Group boosted its position in shares of Las Vegas Sands by 13.4% in the 4th quarter. Net Worth Advisory Group now owns 5,530 shares of the casino operator’s stock worth $360,000 after purchasing an additional 653 shares in the last quarter. Mather Group LLC. grew its stake in Las Vegas Sands by 150.2% during the 4th quarter. Mather Group LLC. now owns 11,366 shares of the casino operator’s stock worth $740,000 after buying an additional 6,824 shares during the last quarter. Czech National Bank grew its stake in Las Vegas Sands by 2.3% during the 4th quarter. Czech National Bank now owns 80,227 shares of the casino operator’s stock worth $5,222,000 after buying an additional 1,774 shares during the last quarter. Finally, Murphy Middleton Hinkle & Parker Inc. acquired a new position in Las Vegas Sands during the 4th quarter valued at about $312,000. 39.16% of the stock is owned by hedge funds and other institutional investors.

Las Vegas Sands Stock Up 0.8%

Las Vegas Sands stock opened at $54.33 on Thursday. The company has a debt-to-equity ratio of 7.58, a quick ratio of 1.13 and a current ratio of 1.14. The business’s 50-day simple moving average is $55.78 and its two-hundred day simple moving average is $58.74. The company has a market cap of $36.51 billion, a PE ratio of 23.22, a PEG ratio of 1.38 and a beta of 0.89. Las Vegas Sands Corp. has a fifty-two week low of $30.18 and a fifty-two week high of $70.45.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, January 28th. The casino operator reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $3.65 billion during 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 company’s revenue for the quarter was up 26.0% compared to the same quarter last year. Equities analysts anticipate that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands Increases Dividend

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

Insider Transactions at Las Vegas Sands

In other Las Vegas Sands news, CEO Patrick Dumont sold 60,165 shares of Las Vegas Sands stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $54.75, for a total transaction of $3,294,033.75. Following the completion of the sale, the chief executive officer directly owned 511,942 shares in the company, valued at approximately $28,028,824.50. The trade was a 10.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LVS. Mizuho raised their price target on Las Vegas Sands from $63.00 to $65.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Argus cut their price objective on shares of Las Vegas Sands from $80.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, January 30th. The Goldman Sachs Group decreased their price objective on shares of Las Vegas Sands from $80.00 to $73.00 and set a “buy” rating for the company in a research report on Thursday, January 29th. Morgan Stanley set a $66.00 target price on shares of Las Vegas Sands in a research note on Wednesday, February 11th. Finally, Citigroup boosted their target price on shares of Las Vegas Sands from $75.50 to $76.75 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Twelve investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Las Vegas Sands has an average rating of “Moderate Buy” and an average price target of $68.55.

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.