Bristol Advisors LLC cut its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 78.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 7,600 shares of the casino operator’s stock after selling 27,500 shares during the quarter. Bristol Advisors LLC’s holdings in Las Vegas Sands were worth $528,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. San Francisco Sentry Investment Group CA purchased a new stake in shares of Las Vegas Sands during the third quarter worth approximately $181,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Las Vegas Sands during the third quarter worth approximately $198,000. Chase Investment Counsel Corp purchased a new stake in shares of Las Vegas Sands during the third quarter worth approximately $200,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Las Vegas Sands during the third quarter worth approximately $209,000. Finally, SevenBridge Financial Group LLC increased its stake in shares of Las Vegas Sands by 199.5% during the third quarter. SevenBridge Financial Group LLC now owns 3,250 shares of the casino operator’s stock worth $209,000 after buying an additional 2,165 shares during the period. Institutional investors own 37.37% of the company’s stock.
A number of analysts recently weighed in on the stock. Stifel Nicolaus restated a “buy” rating and set a $76.00 target price on shares of Las Vegas Sands in a research note on Tuesday. Zacks Investment Research upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Wednesday, November 8th. Barclays upped their target price on shares of Las Vegas Sands from $69.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, December 7th. Deutsche Bank upped their target price on shares of Las Vegas Sands from $54.00 to $57.00 and gave the stock a “hold” rating in a research note on Thursday, October 26th. Finally, Nomura upped their target price on shares of Las Vegas Sands from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Thursday, October 26th. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Las Vegas Sands presently has a consensus rating of “Buy” and a consensus target price of $66.19.
Las Vegas Sands Corp. (LVS) traded up $0.44 during mid-day trading on Friday, hitting $71.07. The stock had a trading volume of 2,087,267 shares, compared to its average volume of 2,800,000. The firm has a market capitalization of $56,090.00, a P/E ratio of 26.82 and a beta of 1.80. Las Vegas Sands Corp. has a 1-year low of $51.35 and a 1-year high of $72.20. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.07 and a quick ratio of 1.05.
Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, October 25th. The casino operator reported $0.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.10. The business had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.14 billion. Las Vegas Sands had a return on equity of 31.11% and a net margin of 16.80%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.72 earnings per share. equities research analysts expect that Las Vegas Sands Corp. will post 2.89 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Thursday, December 21st were issued a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 4.11%. The ex-dividend date was Wednesday, December 20th. Las Vegas Sands’s payout ratio is currently 110.19%.
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Las Vegas Sands Profile
Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.
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