Mn Services Vermogensbeheer B.V. Lowers Stake in Las Vegas Sands Corp. $LVS

Mn Services Vermogensbeheer B.V. lessened its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 50.6% during the 3rd quarter, Holdings Channel reports. The fund owned 68,900 shares of the casino operator’s stock after selling 70,500 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Las Vegas Sands were worth $3,706,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Las Vegas Sands during the 2nd quarter worth $134,179,000. ARGA Investment Management LP raised its holdings in Las Vegas Sands by 36.8% in the second quarter. ARGA Investment Management LP now owns 10,040,975 shares of the casino operator’s stock worth $436,883,000 after purchasing an additional 2,698,398 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Las Vegas Sands by 4.4% during the second quarter. Vanguard Group Inc. now owns 43,072,014 shares of the casino operator’s stock valued at $1,874,063,000 after buying an additional 1,822,806 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Las Vegas Sands by 4,226.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,012,800 shares of the casino operator’s stock valued at $44,067,000 after buying an additional 989,392 shares during the last quarter. Finally, Carrhae Capital LLP bought a new stake in shares of Las Vegas Sands in the 2nd quarter valued at about $41,849,000. 39.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LVS has been the subject of several recent analyst reports. UBS Group boosted their price objective on shares of Las Vegas Sands from $67.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, December 8th. Zacks Research downgraded Las Vegas Sands from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 22nd. Stifel Nicolaus increased their price objective on Las Vegas Sands from $60.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Susquehanna boosted their target price on Las Vegas Sands from $62.00 to $63.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd. Finally, Citigroup upped their target price on Las Vegas Sands from $75.50 to $76.75 and gave the company a “buy” rating in a research report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Las Vegas Sands currently has an average rating of “Moderate Buy” and a consensus price target of $69.12.

Las Vegas Sands Price Performance

Shares of LVS opened at $59.93 on Monday. The company has a debt-to-equity ratio of 7.42, a current ratio of 0.89 and a quick ratio of 0.88. The company’s fifty day moving average price is $64.54 and its 200-day moving average price is $57.91. Las Vegas Sands Corp. has a 1-year low of $30.18 and a 1-year high of $70.45. The firm has a market capitalization of $40.52 billion, a PE ratio of 27.12, a price-to-earnings-growth ratio of 1.44 and a beta of 0.97.

Insider Transactions at Las Vegas Sands

In other news, major shareholder Miriam Adelson sold 77,991 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $67.56, for a total value of $5,269,071.96. Following the transaction, the insider directly owned 23,333,441 shares of the company’s stock, valued at approximately $1,576,407,273.96. This represents a 0.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Patrick Dumont sold 135,603 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $67.96, for a total value of $9,215,579.88. Following the completion of the transaction, the chief operating officer owned 446,608 shares of the company’s stock, valued at approximately $30,351,479.68. The trade was a 23.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,882,053 shares of company stock worth $315,552,399 in the last 90 days. 1.20% of the stock is owned by company insiders.

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.