Ashton Thomas Private Wealth LLC Has $231,000 Position in Las Vegas Sands Corp. (NYSE:LVS)

Ashton Thomas Private Wealth LLC lowered its stake in Las Vegas Sands Corp. (NYSE:LVS) by 45.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,586 shares of the casino operator’s stock after selling 3,757 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Las Vegas Sands were worth $231,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. CVA Family Office LLC lifted its holdings in Las Vegas Sands by 118.8% in the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock valued at $28,000 after buying an additional 304 shares during the period. Bank & Trust Co acquired a new position in shares of Las Vegas Sands in the 2nd quarter valued at $29,000. Ashton Thomas Securities LLC bought a new position in shares of Las Vegas Sands in the 3rd quarter worth $34,000. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Las Vegas Sands by 93.2% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock worth $40,000 after purchasing an additional 437 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Las Vegas Sands by 40.1% during the third quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock worth $43,000 after purchasing an additional 243 shares during the period. Institutional investors and hedge funds own 39.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LVS. Argus cut Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Stifel Nicolaus increased their price target on shares of Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Susquehanna increased their price target on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a research report on Wednesday, October 16th. Finally, StockNews.com downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Insider Activity at Las Vegas Sands

In related news, CEO Robert G. Goldstein sold 119,221 shares of Las Vegas Sands stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $53.73, for a total transaction of $6,405,744.33. Following the completion of the sale, the chief executive officer now directly owns 84,511 shares of the company’s stock, valued at approximately $4,540,776.03. This trade represents a 58.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.91% of the stock is owned by company insiders.

Las Vegas Sands Stock Down 1.2 %

Shares of LVS stock opened at $47.96 on Friday. Las Vegas Sands Corp. has a 52-week low of $36.62 and a 52-week high of $55.65. The stock has a market cap of $34.77 billion, a price-to-earnings ratio of 24.07, a PEG ratio of 1.31 and a beta of 1.11. The firm’s 50-day moving average is $48.56 and its 200-day moving average is $44.72. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.89 and a current ratio of 0.90.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.09). Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The business had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.79 billion. During the same quarter in the prior year, the firm posted $0.55 earnings per share. The business’s revenue was down 4.0% compared to the same quarter last year. Sell-side analysts predict that Las Vegas Sands Corp. will post 2.33 EPS for the current year.

Las Vegas Sands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Tuesday, November 5th. Las Vegas Sands’s payout ratio is 39.60%.

Las Vegas Sands 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.