Harvest Fund Management Co. Ltd Sells 1,288 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Harvest Fund Management Co. Ltd reduced its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 62.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 778 shares of the casino operator’s stock after selling 1,288 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Las Vegas Sands were worth $38,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. CWM LLC increased its position in shares of Las Vegas Sands by 12.9% in the third quarter. CWM LLC now owns 7,234 shares of the casino operator’s stock worth $332,000 after purchasing an additional 829 shares during the last quarter. Oak Thistle LLC purchased a new position in Las Vegas Sands in the 3rd quarter worth approximately $475,000. Czech National Bank increased its holdings in shares of Las Vegas Sands by 47.7% in the 3rd quarter. Czech National Bank now owns 57,452 shares of the casino operator’s stock worth $2,634,000 after buying an additional 18,555 shares during the last quarter. Solidarity Wealth LLC raised its position in shares of Las Vegas Sands by 12.7% during the 3rd quarter. Solidarity Wealth LLC now owns 30,914 shares of the casino operator’s stock valued at $1,417,000 after buying an additional 3,489 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of Las Vegas Sands by 9.5% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 83,903 shares of the casino operator’s stock worth $3,846,000 after acquiring an additional 7,300 shares during the last quarter. 39.16% of the stock is currently owned by institutional investors.

Las Vegas Sands Stock Down 0.3 %

NYSE LVS opened at $45.43 on Friday. The business’s 50-day moving average is $51.18 and its 200 day moving average is $49.63. The stock has a market capitalization of $33.85 billion, a PE ratio of 21.95, a PEG ratio of 0.85 and a beta of 1.16. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.30 and a quick ratio of 1.30. Las Vegas Sands Corp. has a 1 year low of $43.77 and a 1 year high of $65.58.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, April 17th. The casino operator reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.13. Las Vegas Sands had a return on equity of 42.34% and a net margin of 13.99%. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period last year, the company earned $0.28 EPS. The business’s quarterly revenue was up 34.9% compared to the same quarter last year. Sell-side analysts forecast that Las Vegas Sands Corp. will post 2.65 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, May 7th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Monday, May 6th. Las Vegas Sands’s payout ratio is 38.65%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LVS. Citigroup increased their target price on Las Vegas Sands from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Deutsche Bank Aktiengesellschaft decreased their price objective on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. StockNews.com upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a report on Wednesday, April 10th. Mizuho reduced their target price on shares of Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Finally, Stifel Nicolaus lowered their price target on shares of Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Las Vegas Sands has an average rating of “Moderate Buy” and an average price target of $63.46.

Insider Activity at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 100,000 shares of Las Vegas Sands stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $52.06, for a total transaction of $5,206,000.00. Following the sale, the chief executive officer now directly owns 172,801 shares of the company’s stock, valued at approximately $8,996,020.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.91% of the stock is owned by corporate insiders.

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.