Las Vegas Sands Corp. $LVS Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB lessened its stake in Las Vegas Sands Corp. (NYSE:LVS) by 77.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 468,448 shares of the casino operator’s stock after selling 1,574,158 shares during the period. Nordea Investment Management AB’s holdings in Las Vegas Sands were worth $20,452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Achmea Investment Management B.V. boosted its stake in Las Vegas Sands by 55.4% in the first quarter. Achmea Investment Management B.V. now owns 31,411 shares of the casino operator’s stock valued at $1,213,000 after acquiring an additional 11,197 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Las Vegas Sands by 18.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,005 shares of the casino operator’s stock worth $1,489,000 after buying an additional 6,057 shares during the period. American Century Companies Inc. boosted its stake in shares of Las Vegas Sands by 69.3% during the first quarter. American Century Companies Inc. now owns 567,101 shares of the casino operator’s stock worth $21,907,000 after buying an additional 232,091 shares during the period. Northern Trust Corp boosted its stake in shares of Las Vegas Sands by 0.4% during the first quarter. Northern Trust Corp now owns 3,101,190 shares of the casino operator’s stock worth $119,799,000 after buying an additional 12,593 shares during the period. Finally, Ground Swell Capital LLC acquired a new stake in shares of Las Vegas Sands during the first quarter worth about $225,000. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Trading Down 1.2%

NYSE LVS opened at $48.55 on Monday. The stock has a market capitalization of $33.33 billion, a P/E ratio of 24.52, a P/E/G ratio of 1.77 and a beta of 1.01. Las Vegas Sands Corp. has a 52-week low of $30.18 and a 52-week high of $58.05. The firm has a 50-day moving average price of $53.44 and a 200 day moving average price of $46.20. The company has a quick ratio of 1.21, a current ratio of 1.22 and a debt-to-equity ratio of 6.53.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, July 23rd. The casino operator reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.26. The firm had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $2.83 billion. Las Vegas Sands had a net margin of 12.16% and a return on equity of 55.37%. During the same period in the prior year, the company posted $0.55 earnings per share. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. Equities research analysts expect that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 13th. Shareholders of record on Tuesday, August 5th were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $1.00 dividend on an annualized basis and a yield of 2.1%. Las Vegas Sands’s dividend payout ratio (DPR) is 50.51%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Mizuho increased their target price on shares of Las Vegas Sands from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. Susquehanna decreased their target price on shares of Las Vegas Sands from $59.00 to $58.00 and set a “positive” rating for the company in a research note on Monday, July 21st. Argus increased their target price on shares of Las Vegas Sands from $60.00 to $65.00 in a research note on Tuesday, September 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Las Vegas Sands in a research note on Wednesday, October 8th. Finally, Morgan Stanley increased their price target on shares of Las Vegas Sands from $50.00 to $57.00 and gave the stock an “equal weight” rating in a report on Thursday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Las Vegas Sands presently has an average rating of “Moderate Buy” and an average price target of $60.47.

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.