V Square Quantitative Management LLC Sells 466 Shares of Las Vegas Sands Corp. (NYSE:LVS)

V Square Quantitative Management LLC trimmed its stake in Las Vegas Sands Corp. (NYSE:LVS) by 7.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,414 shares of the casino operator’s stock after selling 466 shares during the period. V Square Quantitative Management LLC’s holdings in Las Vegas Sands were worth $278,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Avestar Capital LLC bought a new stake in Las Vegas Sands in the fourth quarter valued at $318,000. Van ECK Associates Corp grew its position in Las Vegas Sands by 204.8% in the fourth quarter. Van ECK Associates Corp now owns 142,509 shares of the casino operator’s stock valued at $7,319,000 after acquiring an additional 95,753 shares during the period. Wingate Wealth Advisors Inc. bought a new stake in Las Vegas Sands in the fourth quarter valued at $75,000. Savant Capital LLC grew its position in Las Vegas Sands by 5.4% in the fourth quarter. Savant Capital LLC now owns 18,404 shares of the casino operator’s stock valued at $945,000 after acquiring an additional 941 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new position in Las Vegas Sands in the fourth quarter worth $124,000. 39.16% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 60,187 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $53.02, for a total value of $3,191,114.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Wells Fargo & Company reduced their price objective on Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Deutsche Bank Aktiengesellschaft reduced their price objective on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Stifel Nicolaus boosted their price objective on Las Vegas Sands from $55.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Morgan Stanley reissued an “equal weight” rating and issued a $51.00 price objective (down previously from $54.00) on shares of Las Vegas Sands in a research note on Tuesday, January 14th. Finally, Macquarie boosted their price objective on Las Vegas Sands from $57.00 to $58.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $59.58.

Las Vegas Sands Trading Up 2.8 %

NYSE:LVS opened at $43.38 on Monday. Las Vegas Sands Corp. has a 1-year low of $36.62 and a 1-year high of $56.60. The business’s 50-day moving average price is $47.80 and its two-hundred day moving average price is $46.93. 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 firm has a market capitalization of $31.06 billion, a price-to-earnings ratio of 22.02, a PEG ratio of 1.32 and a beta of 1.08.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, January 29th. The casino operator reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.04). Las Vegas Sands had a net margin of 12.80% and a return on equity of 43.76%. On average, equities analysts expect that Las Vegas Sands Corp. will post 2.63 earnings per share for the current year.

Las Vegas Sands Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Monday, February 10th will be paid a $0.25 dividend. This is a positive change from Las Vegas Sands’s previous quarterly dividend of $0.20. The ex-dividend date is Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 2.31%. Las Vegas Sands’s dividend payout ratio is presently 50.76%.

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.