Las Vegas Sands Corp. $LVS Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL reduced its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 21.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 69,115 shares of the casino operator’s stock after selling 18,950 shares during the period. Gamco Investors INC. ET AL’s holdings in Las Vegas Sands were worth $4,499,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LVS. Allianz Asset Management GmbH raised its position in shares of Las Vegas Sands by 358.4% during the 3rd quarter. Allianz Asset Management GmbH now owns 227,278 shares of the casino operator’s stock valued at $12,225,000 after buying an additional 177,695 shares during the period. Wealthfront Advisers LLC boosted its stake in Las Vegas Sands by 40.6% during the fourth quarter. Wealthfront Advisers LLC now owns 67,446 shares of the casino operator’s stock worth $4,390,000 after buying an additional 19,488 shares during the period. Perpetual Ltd purchased a new position in Las Vegas Sands during the fourth quarter worth about $2,051,000. SG Americas Securities LLC boosted its stake in Las Vegas Sands by 2,655.3% during the fourth quarter. SG Americas Securities LLC now owns 878,022 shares of the casino operator’s stock worth $57,150,000 after buying an additional 846,155 shares during the period. Finally, Focus Partners Advisor Solutions LLC boosted its stake in Las Vegas Sands by 293.5% during the third quarter. Focus Partners Advisor Solutions LLC now owns 27,061 shares of the casino operator’s stock worth $1,456,000 after buying an additional 20,184 shares during the period. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Las Vegas Sands

In related 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 value of $3,294,033.75. Following the completion of the transaction, the chief executive officer owned 511,942 shares in the company, valued at $28,028,824.50. The trade was a 10.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.55% of the stock is owned by corporate insiders.

Las Vegas Sands Trading Down 0.5%

NYSE LVS opened at $49.67 on Thursday. The firm has a 50 day simple moving average of $53.70 and a 200-day simple moving average of $58.96. The company has a debt-to-equity ratio of 8.64, a quick ratio of 0.91 and a current ratio of 0.92. Las Vegas Sands Corp. has a one year low of $39.29 and a one year high of $70.45. The firm has a market cap of $32.91 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 1.13 and a beta of 0.85.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, April 22nd. The casino operator reported $0.91 EPS for the quarter, beating the consensus estimate of $0.76 by $0.15. Las Vegas Sands had a net margin of 13.41% and a return on equity of 118.27%. The business had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same quarter last year, the firm posted $0.59 earnings per share. The business’s revenue for the quarter was up 25.3% compared to the same quarter last year. Equities research analysts anticipate that Las Vegas Sands Corp. will post 3.38 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Tuesday, May 5th were paid a $0.30 dividend. The ex-dividend date was Tuesday, May 5th. This represents a $1.20 dividend on an annualized basis and a yield of 2.4%. Las Vegas Sands’s payout ratio is currently 44.44%.

Analyst Ratings Changes

Several brokerages have weighed in on LVS. The Goldman Sachs Group lowered their target price on shares of Las Vegas Sands from $80.00 to $73.00 and set a “buy” rating for the company in a research note on Thursday, January 29th. Argus lowered their target price on shares of Las Vegas Sands from $80.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Wall Street Zen lowered shares of Las Vegas Sands from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 14th. Seaport Research Partners lowered their target price on shares of Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. Finally, Wells Fargo & Company lowered their target price on shares of Las Vegas Sands from $68.00 to $65.00 and set an “equal weight” rating for the company in a research note on Thursday, April 16th. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $68.28.

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.