Las Vegas Sands Corp. (NYSE:LVS) Stock Holdings Lifted by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio increased its position in Las Vegas Sands Corp. (NYSE:LVS) by 20.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 309,081 shares of the casino operator’s stock after purchasing an additional 52,993 shares during the period. Public Employees Retirement System of Ohio’s holdings in Las Vegas Sands were worth $15,559,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CVA Family Office LLC grew its holdings 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 buying an additional 304 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in Las Vegas Sands in the third quarter valued at approximately $34,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Las Vegas Sands by 93.2% in the second 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 in the last quarter. GAMMA Investing LLC increased its position in 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. Finally, Vestor Capital LLC bought a new position in Las Vegas Sands during the third quarter valued at about $43,000. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 24,324 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following the completion of the transaction, the chief executive officer now owns 60,187 shares of the company’s stock, valued at approximately $3,129,724. This trade represents a 28.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Robert G. Goldstein sold 60,187 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $53.02, for a total transaction of $3,191,114.74. The disclosure for this sale can be found here. Insiders sold 203,732 shares of company stock worth $10,861,707 in the last three months. Corporate insiders own 0.91% of the company’s stock.

Las Vegas Sands Price Performance

LVS stock opened at $54.89 on Wednesday. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 0.89. Las Vegas Sands Corp. has a 1 year low of $36.62 and a 1 year high of $56.60. The company’s 50-day moving average is $51.67 and its 200-day moving average is $45.36. The stock has a market capitalization of $39.80 billion, a PE ratio of 27.17, a price-to-earnings-growth ratio of 1.44 and a beta of 1.10.

Las Vegas Sands (NYSE:LVS) last announced 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 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 analysts’ expectations of $2.79 billion. During the same quarter in the prior year, the company earned $0.55 EPS. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. Equities research analysts expect that Las Vegas Sands Corp. will post 2.33 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th were given a $0.20 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.46%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 39.60%.

Analyst Upgrades and Downgrades

LVS has been the topic of a number of research reports. Argus lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. UBS Group increased their price objective on Las Vegas Sands from $49.00 to $50.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. boosted their target price on Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Morgan Stanley raised their price objective on shares of Las Vegas Sands from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Finally, Barclays upped their price target on Las Vegas Sands from $52.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Las Vegas Sands Company 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.