Rathbone Brothers plc Sells 1,585 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Rathbone Brothers plc cut its stake in Las Vegas Sands Corp. (NYSE:LVS) by 22.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,513 shares of the casino operator’s stock after selling 1,585 shares during the period. Rathbone Brothers plc’s holdings in Las Vegas Sands Corp. were worth $352,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in LVS. BlackRock Inc. lifted its position in Las Vegas Sands Corp. by 2,504.7% in the first quarter. BlackRock Inc. now owns 15,764,400 shares of the casino operator’s stock valued at $899,674,000 after acquiring an additional 15,159,167 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Las Vegas Sands Corp. by 40.8% in the second quarter. Bank of New York Mellon Corp now owns 6,506,795 shares of the casino operator’s stock valued at $415,720,000 after acquiring an additional 1,886,376 shares during the last quarter. Nicholas Investment Partners LP lifted its position in Las Vegas Sands Corp. by 2,418.0% in the first quarter. Nicholas Investment Partners LP now owns 1,500,000 shares of the casino operator’s stock valued at $85,605,000 after acquiring an additional 1,440,429 shares during the last quarter. Investec Asset Management LTD purchased a new stake in Las Vegas Sands Corp. in the first quarter valued at $74,167,000. Finally, Thornburg Investment Management Inc. lifted its position in Las Vegas Sands Corp. by 39.0% in the first quarter. Thornburg Investment Management Inc. now owns 4,187,059 shares of the casino operator’s stock valued at $238,955,000 after acquiring an additional 1,174,688 shares during the last quarter. 38.01% of the stock is owned by hedge funds and other institutional investors.

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Las Vegas Sands Corp. (LVS) opened at 63.57 on Friday. The firm has a market capitalization of $50.35 billion, a price-to-earnings ratio of 24.74 and a beta of 1.78. Las Vegas Sands Corp. has a 52 week low of $51.35 and a 52 week high of $66.22. The stock’s 50 day moving average is $61.70 and its 200-day moving average is $60.09.

Las Vegas Sands Corp. (NYSE:LVS) last issued its quarterly earnings data on Wednesday, July 26th. The casino operator reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.14. The firm had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.01 billion. Las Vegas Sands Corp. had a net margin of 16.66% and a return on equity of 29.91%. Las Vegas Sands Corp.’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period last year, the firm posted $0.52 EPS. On average, equities research analysts expect that Las Vegas Sands Corp. will post $2.74 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 21st will be given a $0.73 dividend. The ex-dividend date is Wednesday, September 20th. This represents a $2.92 annualized dividend and a yield of 4.59%. Las Vegas Sands Corp.’s dividend payout ratio is presently 113.18%.

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus reissued a “buy” rating on shares of Las Vegas Sands Corp. in a research report on Sunday, September 3rd. UBS AG reissued a “neutral” rating on shares of Las Vegas Sands Corp. in a research report on Monday, July 10th. Instinet reissued a “neutral” rating on shares of Las Vegas Sands Corp. in a research report on Monday, July 17th. Vetr cut shares of Las Vegas Sands Corp. from a “buy” rating to a “hold” rating and set a $64.62 price target for the company. in a research report on Monday, June 5th. Finally, Zacks Investment Research cut shares of Las Vegas Sands Corp. from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $64.74.

About Las Vegas Sands Corp.

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.

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

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