Macquarie Group Ltd. decreased its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 34.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,500 shares of the casino operator’s stock after selling 4,900 shares during the period. Macquarie Group Ltd.’s holdings in Las Vegas Sands were worth $609,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the stock. Global X Management Co. LLC raised its position in Las Vegas Sands by 8.3% during the second quarter. Global X Management Co. LLC now owns 1,653 shares of the casino operator’s stock valued at $106,000 after purchasing an additional 126 shares in the last quarter. Ffcm LLC raised its position in Las Vegas Sands by 90.9% during the second quarter. Ffcm LLC now owns 2,436 shares of the casino operator’s stock valued at $153,000 after purchasing an additional 1,160 shares in the last quarter. Chase Investment Counsel Corp purchased a new stake in Las Vegas Sands during the third quarter valued at about $200,000. Birinyi Associates Inc. purchased a new stake in Las Vegas Sands during the second quarter valued at about $201,000. Finally, First Mercantile Trust Co. raised its position in Las Vegas Sands by 16.8% during the second quarter. First Mercantile Trust Co. now owns 3,178 shares of the casino operator’s stock valued at $203,000 after purchasing an additional 457 shares in the last quarter. 37.47% of the stock is owned by institutional investors.
Las Vegas Sands Corp. (NYSE LVS) traded up $0.75 during midday trading on Thursday, hitting $70.83. The company had a trading volume of 3,623,200 shares, compared to its average volume of 3,246,641. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $55,990.00, a PE ratio of 25.21 and a beta of 1.80. Las Vegas Sands Corp. has a 12 month low of $51.35 and a 12 month high of $71.42.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, December 21st will be paid a $0.73 dividend. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $2.92 annualized dividend and a dividend yield of 4.12%. Las Vegas Sands’s payout ratio is presently 110.19%.
A number of equities research analysts have weighed in on LVS shares. Zacks Investment Research downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Roth Capital started coverage on Las Vegas Sands in a research report on Wednesday, October 25th. They set a “buy” rating and a $69.00 price target on the stock. Morgan Stanley raised their price target on Las Vegas Sands from $63.00 to $65.00 and gave the company an “equal weight” rating in a research report on Thursday, October 26th. Gabelli lifted their price objective on Las Vegas Sands from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, Nomura lifted their price objective on Las Vegas Sands from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday, October 26th. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $65.77.
In other Las Vegas Sands news, Director George Jamieson bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were bought at an average cost of $66.96 per share, with a total value of $66,960.00. Following the completion of the purchase, the director now directly owns 6,488 shares of the company’s stock, valued at $434,436.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 10.10% of the stock is owned by company insiders.
Las Vegas Sands Company Profile
Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.
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