Marshall Wace North America L.P. Has $22.54 Million Position in Las Vegas Sands Corp. (LVS)

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Marshall Wace North America L.P. lowered its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 34.7% during the third quarter, Holdings Channel reports. The fund owned 379,843 shares of the casino operator’s stock after selling 201,646 shares during the quarter. Marshall Wace North America L.P.’s holdings in Las Vegas Sands were worth $22,536,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Flagship Harbor Advisors LLC acquired a new stake in Las Vegas Sands during the second quarter worth approximately $135,000. Tower Research Capital LLC TRC boosted its position in Las Vegas Sands by 195.1% during the third quarter. Tower Research Capital LLC TRC now owns 2,066 shares of the casino operator’s stock worth $122,000 after acquiring an additional 1,366 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in Las Vegas Sands during the third quarter worth approximately $126,000. Legacy Financial Advisors Inc. acquired a new stake in Las Vegas Sands during the third quarter worth approximately $156,000. Finally, Zacks Investment Management acquired a new stake in Las Vegas Sands during the second quarter worth approximately $202,000. Hedge funds and other institutional investors own 37.08% of the company’s stock.

Shares of LVS opened at $53.34 on Friday. The firm has a market capitalization of $43.64 billion, a price-to-earnings ratio of 17.55 and a beta of 1.61. Las Vegas Sands Corp. has a fifty-two week low of $48.64 and a fifty-two week high of $81.45. The company has a current ratio of 1.93, a quick ratio of 1.92 and a debt-to-equity ratio of 1.52.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, October 24th. The casino operator reported $0.77 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.04). The company 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%. Sell-side analysts forecast that Las Vegas Sands Corp. will post 3.4 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 27th. Investors of record on Tuesday, December 18th will be issued a dividend of $0.75 per share. The ex-dividend date is Monday, December 17th. This represents a $3.00 annualized dividend and a dividend yield of 5.62%. Las Vegas Sands’s payout ratio is 98.68%.

LVS has been the topic of a number of analyst reports. Argus decreased their target price on shares of Las Vegas Sands from $89.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, October 26th. HSBC upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a report on Monday, October 15th. Morgan Stanley set a $68.00 price target on shares of Las Vegas Sands and gave the company a “buy” rating in a report on Thursday, October 25th. Goldman Sachs Group lowered shares of Las Vegas Sands from a “conviction-buy” rating to a “buy” rating in a report on Friday, October 19th. Finally, Zacks Investment Research upgraded shares of Las Vegas Sands from a “strong sell” rating to a “hold” rating in a report on Monday, October 29th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. Las Vegas Sands currently has a consensus rating of “Hold” and a consensus target price of $74.03.

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Las Vegas Sands Company Profile

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.

Featured Story: Hedge Funds

Want to see what other hedge funds are holding LVS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Las Vegas Sands Corp. (NYSE:LVS).

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

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