Las Vegas Sands Corp. (NYSE:LVS) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC decreased its holdings in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 65.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,916 shares of the casino operator's stock after selling 15,220 shares during the period. Intech Investment Management LLC's holdings in Las Vegas Sands were worth $398,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. increased its holdings in shares of Las Vegas Sands by 7,647.7% in the second quarter. Assenagon Asset Management S.A. now owns 443,325 shares of the casino operator's stock worth $19,617,000 after purchasing an additional 437,603 shares during the last quarter. Meeder Asset Management Inc. boosted its position in shares of Las Vegas Sands by 97.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 89,743 shares of the casino operator's stock valued at $4,518,000 after acquiring an additional 44,223 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Las Vegas Sands in the second quarter valued at $619,000. Clearbridge Investments LLC increased its position in Las Vegas Sands by 29.9% in the second quarter. Clearbridge Investments LLC now owns 833,487 shares of the casino operator's stock worth $36,882,000 after purchasing an additional 191,805 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in Las Vegas Sands by 33.3% during the third quarter. Principal Financial Group Inc. now owns 548,072 shares of the casino operator's stock valued at $27,590,000 after purchasing an additional 136,859 shares during the last quarter. Hedge funds and other institutional investors own 39.16% of the company's stock.

Las Vegas Sands Trading Down 2.0 %

Las Vegas Sands stock traded down $1.10 during trading hours on Tuesday, hitting $53.90. The company had a trading volume of 3,645,196 shares, compared to its average volume of 5,746,245. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.89 and a current ratio of 0.90. The firm has a market cap of $39.08 billion, a P/E ratio of 26.68, a P/E/G ratio of 1.45 and a beta of 1.10. The company has a 50-day moving average price of $51.21 and a two-hundred day moving average price of $45.12. Las Vegas Sands Corp. has a 1 year low of $36.62 and a 1 year high of $55.65.

Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.09). The firm had revenue of $2.68 billion during the quarter, compared to analysts' expectations of $2.79 billion. Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The firm's revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 EPS. On average, sell-side analysts anticipate that Las Vegas Sands Corp. will post 2.33 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were issued a $0.20 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.80 annualized dividend and a dividend yield of 1.48%. Las Vegas Sands's payout ratio is currently 39.60%.

Insiders Place Their Bets

In related news, CEO Robert G. Goldstein sold 24,324 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now owns 60,187 shares of the company's stock, valued at $3,129,724. This trade represents a 28.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 have sold a total of 203,732 shares of company stock worth $10,861,707 in the last three months. Corporate insiders own 1.20% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Argus downgraded shares of Las Vegas Sands from a "buy" rating to a "hold" rating in a report on Thursday, August 15th. Mizuho boosted their price objective on Las Vegas Sands from $52.00 to $57.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. raised their price objective on Las Vegas Sands from $53.00 to $60.00 and gave the company an "overweight" rating in a research note on Tuesday, October 15th. Stifel Nicolaus lifted their target price on Las Vegas Sands from $55.00 to $64.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Finally, Morgan Stanley increased their price target on Las Vegas Sands from $50.00 to $55.00 and gave the company an "overweight" rating in a report on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, Las Vegas Sands presently 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.