Easterly Investment Partners LLC Sells 16,811 Shares of Las Vegas Sands Corp. $LVS

Easterly Investment Partners LLC reduced its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 29.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,691 shares of the casino operator’s stock after selling 16,811 shares during the period. Easterly Investment Partners LLC’s holdings in Las Vegas Sands were worth $2,583,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Grove Bank & Trust bought a new stake in shares of Las Vegas Sands during the fourth quarter worth about $26,000. International Assets Investment Management LLC bought a new stake in shares of Las Vegas Sands during the fourth quarter worth about $26,000. Westside Investment Management Inc. grew its holdings in shares of Las Vegas Sands by 48.0% during the third quarter. Westside Investment Management Inc. now owns 512 shares of the casino operator’s stock worth $28,000 after purchasing an additional 166 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Las Vegas Sands by 549.5% during the third quarter. Smartleaf Asset Management LLC now owns 630 shares of the casino operator’s stock worth $35,000 after purchasing an additional 533 shares during the last quarter. Finally, Activest Wealth Management grew its holdings in shares of Las Vegas Sands by 1,208.0% during the fourth quarter. Activest Wealth Management now owns 654 shares of the casino operator’s stock worth $43,000 after purchasing an additional 604 shares during the last quarter. 39.16% of the stock is currently owned by institutional investors.

Las Vegas Sands Price Performance

Shares of LVS opened at $50.46 on Monday. Las Vegas Sands Corp. has a 52-week low of $40.03 and a 52-week high of $70.45. The company has a debt-to-equity ratio of 8.64, a quick ratio of 0.91 and a current ratio of 0.92. The business’s 50 day moving average price is $53.14 and its two-hundred day moving average price is $58.34. The firm has a market cap of $33.44 billion, a PE ratio of 18.69, a price-to-earnings-growth ratio of 1.15 and a beta of 0.81.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.15. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.The firm had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same period in the previous year, the firm earned $0.59 earnings per share. The company’s revenue was up 25.3% compared to the same quarter last year. On average, equities analysts anticipate that Las Vegas Sands Corp. will post 3.38 EPS for the current year.

Las Vegas Sands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 13th. Shareholders of record on Tuesday, May 5th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $1.20 annualized dividend and a yield of 2.4%. Las Vegas Sands’s payout ratio is 44.44%.

Insider Transactions at Las Vegas Sands

In other Las Vegas Sands news, CEO Patrick Dumont sold 60,165 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $54.75, for a total value of $3,294,033.75. Following the transaction, the chief executive officer directly owned 511,942 shares of the company’s stock, valued at approximately $28,028,824.50. The trade was a 10.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.55% of the company’s stock.

Analysts Set New Price Targets

LVS has been the topic of several research reports. Weiss Ratings cut Las Vegas Sands from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. HSBC boosted their price target on Las Vegas Sands from $73.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Barclays upped their target price on Las Vegas Sands from $64.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Seaport Research Partners reduced their target price on Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. Finally, Wall Street Zen cut Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $68.28.

Las Vegas Sands Company Profile

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.