Las Vegas Sands Corp. $LVS Stock Holdings Lessened by Clough Capital Partners L P

Clough Capital Partners L P reduced its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 17.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 362,002 shares of the casino operator’s stock after selling 75,170 shares during the quarter. Las Vegas Sands makes up 2.1% of Clough Capital Partners L P’s portfolio, making the stock its 16th biggest position. Clough Capital Partners L P’s holdings in Las Vegas Sands were worth $23,563,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Las Vegas Sands by 8.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,251 shares of the casino operator’s stock worth $1,207,000 after acquiring an additional 2,418 shares during the period. Woodline Partners LP increased its holdings in shares of Las Vegas Sands by 38.9% in the 1st quarter. Woodline Partners LP now owns 29,032 shares of the casino operator’s stock worth $1,122,000 after acquiring an additional 8,132 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Las Vegas Sands by 91.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,146 shares of the casino operator’s stock worth $93,000 after acquiring an additional 1,027 shares during the period. Flow Traders U.S. LLC acquired a new stake in shares of Las Vegas Sands in the 2nd quarter worth about $414,000. Finally, Cerity Partners LLC increased its holdings in shares of Las Vegas Sands by 70.0% in the 2nd quarter. Cerity Partners LLC now owns 17,595 shares of the casino operator’s stock worth $766,000 after acquiring an additional 7,243 shares during the period. 39.16% of the stock is currently owned by institutional investors.

Las Vegas Sands Stock Down 1.6%

Las Vegas Sands stock opened at $48.15 on Thursday. The stock has a market cap of $31.91 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 1.11 and a beta of 0.81. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 8.64. The company’s 50-day moving average price is $52.35 and its two-hundred day moving average price is $56.94. Las Vegas Sands Corp. has a 52 week low of $40.94 and a 52 week high of $70.45.

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

Las Vegas Sands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 13th. Stockholders of record on Tuesday, May 5th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, May 5th. This represents a $1.20 annualized dividend and a dividend yield of 2.5%. Las Vegas Sands’s dividend payout ratio (DPR) is 44.44%.

Analysts Set New Price Targets

LVS has been the topic of a number of analyst reports. Wells Fargo & Company dropped their price objective on shares of Las Vegas Sands from $68.00 to $65.00 and set an “equal weight” rating on the stock in a report on Thursday, April 16th. Seaport Research Partners dropped their price objective on shares of Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. Mizuho increased their price objective on shares of Las Vegas Sands from $65.00 to $67.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Las Vegas Sands from $77.00 to $73.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Finally, Morgan Stanley increased their price objective on shares of Las Vegas Sands from $67.00 to $69.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Las Vegas Sands currently has an average rating of “Moderate Buy” and a consensus price target of $67.91.

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.