Las Vegas Sands Corp. (LVS) Stake Lessened by Mirae Asset Global Investments Co. Ltd.

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Mirae Asset Global Investments Co. Ltd. reduced its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 26.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,382 shares of the casino operator’s stock after selling 4,807 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Las Vegas Sands were worth $793,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Alps Advisors Inc. lifted its position in Las Vegas Sands by 12.1% in the second quarter. Alps Advisors Inc. now owns 7,295 shares of the casino operator’s stock valued at $507,000 after acquiring an additional 786 shares during the last quarter. Morse Asset Management Inc lifted its position in Las Vegas Sands by 1.2% in the second quarter. Morse Asset Management Inc now owns 69,060 shares of the casino operator’s stock valued at $5,273,000 after acquiring an additional 790 shares during the last quarter. CIBC World Markets Inc. lifted its position in Las Vegas Sands by 5.3% in the third quarter. CIBC World Markets Inc. now owns 20,555 shares of the casino operator’s stock valued at $1,220,000 after acquiring an additional 1,033 shares during the last quarter. Benin Management CORP lifted its position in Las Vegas Sands by 7.5% in the third quarter. Benin Management CORP now owns 15,750 shares of the casino operator’s stock valued at $934,000 after acquiring an additional 1,100 shares during the last quarter. Finally, DNB Asset Management AS lifted its position in Las Vegas Sands by 2.2% in the third quarter. DNB Asset Management AS now owns 51,726 shares of the casino operator’s stock valued at $3,069,000 after acquiring an additional 1,129 shares during the last quarter. 37.07% of the stock is owned by institutional investors and hedge funds.

NYSE LVS opened at $52.96 on Wednesday. The company has a current ratio of 1.93, a quick ratio of 1.92 and a debt-to-equity ratio of 1.52. The firm has a market capitalization of $41.22 billion, a price-to-earnings ratio of 15.34 and a beta of 1.61. Las Vegas Sands Corp. has a one year low of $48.64 and a one year high of $81.45.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, October 24th. The casino operator reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.04). The business had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.41 billion. Las Vegas Sands had a net margin of 27.71% and a return on equity of 34.18%. Equities analysts anticipate that Las Vegas Sands Corp. will post 3.4 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Shareholders of record on Tuesday, December 18th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Monday, December 17th. This represents a $3.00 dividend on an annualized basis and a yield of 5.66%. Las Vegas Sands’s dividend payout ratio is presently 98.68%.

A number of equities research analysts recently weighed in on LVS shares. ValuEngine cut shares of Las Vegas Sands from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th. Zacks Investment Research cut shares of Las Vegas Sands from a “hold” rating to a “sell” rating in a research report on Friday, September 28th. HSBC raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research report on Monday, October 15th. Bank of America reissued a “hold” rating and issued a $60.00 price target on shares of Las Vegas Sands in a research report on Tuesday, October 16th. Finally, Goldman Sachs Group cut shares of Las Vegas Sands from a “conviction-buy” rating to a “buy” rating in a research report on Friday, October 19th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $74.03.

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About Las Vegas Sands

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.

See Also: Book Value Per Share – BVPS

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Institutional Ownership by Quarter for Las Vegas Sands (NYSE:LVS)

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