Ashton Thomas Securities LLC Invests $34,000 in Las Vegas Sands Corp. (NYSE:LVS)

Ashton Thomas Securities LLC purchased a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 670 shares of the casino operator’s stock, valued at approximately $34,000.

Other large investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its stake in shares of Las Vegas Sands by 987.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,549,615 shares of the casino operator’s stock worth $245,570,000 after acquiring an additional 5,039,072 shares during the last quarter. Janus Henderson Group PLC raised its stake in Las Vegas Sands by 58.6% during the first quarter. Janus Henderson Group PLC now owns 5,330,023 shares of the casino operator’s stock worth $275,559,000 after purchasing an additional 1,968,941 shares during the period. Bank of New York Mellon Corp boosted its holdings in Las Vegas Sands by 15.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 11,351,573 shares of the casino operator’s stock valued at $502,307,000 after purchasing an additional 1,536,754 shares during the last quarter. Capital Research Global Investors purchased a new stake in shares of Las Vegas Sands in the 1st quarter valued at approximately $72,550,000. Finally, Charles Lim Capital Ltd increased its holdings in shares of Las Vegas Sands by 178.3% during the 2nd quarter. Charles Lim Capital Ltd now owns 1,600,000 shares of the casino operator’s stock worth $70,800,000 after buying an additional 1,025,000 shares during the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Trading Down 2.0 %

NYSE:LVS opened at $48.53 on Friday. Las Vegas Sands Corp. has a 12-month low of $36.62 and a 12-month high of $55.65. The firm has a market cap of $35.19 billion, a PE ratio of 24.02, a price-to-earnings-growth ratio of 1.30 and a beta of 1.11. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 3.09. The stock has a fifty day moving average price of $48.39 and a 200 day moving average price of $44.69.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.79 billion. Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.55 earnings per share. Sell-side analysts anticipate that Las Vegas Sands Corp. will post 2.33 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th were issued a $0.20 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.65%. Las Vegas Sands’s payout ratio is 39.60%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Susquehanna increased their price objective on Las Vegas Sands from $51.00 to $59.00 and gave the stock a “positive” rating in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft lowered their price target on Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Stifel Nicolaus upped their target price on shares of Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Barclays increased their target price on shares of Las Vegas Sands from $52.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $58.00.

Insider Activity

In other news, CEO Robert G. Goldstein sold 24,324 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $52.00, for a total value of $1,264,848.00. Following the transaction, the chief executive officer now owns 60,187 shares in the company, valued at approximately $3,129,724. This represents a 28.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.91% of the company’s stock.

Las Vegas Sands 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.