Martingale Asset Management L P Has $2.07 Million Position in Las Vegas Sands Corp. (NYSE:LVS)

Martingale Asset Management L P boosted its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 3.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 41,081 shares of the casino operator’s stock after buying an additional 1,192 shares during the quarter. Martingale Asset Management L P’s holdings in Las Vegas Sands were worth $2,068,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of LVS. CVA Family Office LLC lifted its stake in shares of Las Vegas Sands by 118.8% during the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock valued at $28,000 after acquiring an additional 304 shares during the period. Bank & Trust Co acquired a new position in Las Vegas Sands during the 2nd quarter valued at about $29,000. Ashton Thomas Securities LLC bought a new position in shares of Las Vegas Sands in the 3rd quarter valued at about $34,000. Capital Performance Advisors LLP acquired a new stake in shares of Las Vegas Sands during the 3rd quarter worth approximately $43,000. Finally, GAMMA Investing LLC raised 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 buying an additional 243 shares during the last quarter. 39.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LVS has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Barclays lifted their price objective on Las Vegas Sands from $52.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Susquehanna increased their target price on Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a research note on Wednesday, October 16th. Stifel Nicolaus boosted their target price on Las Vegas Sands from $55.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Wells Fargo & Company increased their price target on shares of Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $58.00.

Las Vegas Sands Trading Up 3.2 %

Shares of NYSE:LVS opened at $53.06 on Friday. The firm has a market cap of $38.47 billion, a price-to-earnings ratio of 26.27, a PEG ratio of 1.36 and a beta of 1.11. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 3.09. Las Vegas Sands Corp. has a 12 month low of $36.62 and a 12 month high of $55.65. The company’s fifty day simple moving average is $50.77 and its 200 day simple moving average is $45.02.

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

Las Vegas Sands Announces Dividend

The firm 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 yield of 1.51%. The ex-dividend date was Tuesday, November 5th. Las Vegas Sands’s payout ratio is 39.60%.

Insider Activity at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 119,221 shares of the company’s 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 sale, the chief executive officer now owns 84,511 shares in the company, valued at $4,540,776.03. This represents a 58.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.91% of the stock is owned by insiders.

About Las Vegas Sands

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.