Tidal Investments LLC Has $2.69 Million Stake in Las Vegas Sands Corp. (NYSE:LVS)

Tidal Investments LLC lowered its position in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 34.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,477 shares of the casino operator's stock after selling 27,846 shares during the quarter. Tidal Investments LLC's holdings in Las Vegas Sands were worth $2,692,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Janus Henderson Group PLC raised its position in shares of Las Vegas Sands by 159.6% during the 3rd quarter. Janus Henderson Group PLC now owns 9,130,486 shares of the casino operator's stock valued at $459,630,000 after acquiring an additional 5,612,975 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Las Vegas Sands by 987.0% during the second quarter. The Manufacturers Life Insurance Company now owns 5,549,615 shares of the casino operator's stock worth $245,570,000 after acquiring an additional 5,039,072 shares during the period. Bank of New York Mellon Corp raised its stake in Las Vegas Sands by 15.7% during the second quarter. Bank of New York Mellon Corp now owns 11,351,573 shares of the casino operator's stock worth $502,307,000 after acquiring an additional 1,536,754 shares during the period. Charles Lim Capital Ltd boosted its stake in Las Vegas Sands by 178.3% in the second quarter. Charles Lim Capital Ltd now owns 1,600,000 shares of the casino operator's stock valued at $70,800,000 after acquiring an additional 1,025,000 shares during the period. Finally, ARGA Investment Management LP grew its holdings in shares of Las Vegas Sands by 24.8% during the third quarter. ARGA Investment Management LP now owns 4,924,340 shares of the casino operator's stock valued at $247,891,000 after purchasing an additional 977,636 shares during the last quarter. Institutional investors own 39.16% of the company's stock.

Las Vegas Sands Price Performance

Shares of NYSE:LVS traded down $1.39 during trading hours on Monday, hitting $52.48. 4,659,695 shares of the company's stock traded hands, compared to its average volume of 5,682,487. The company's fifty day simple moving average is $51.85 and its two-hundred day simple moving average is $45.63. The company has a market cap of $38.05 billion, a price-to-earnings ratio of 26.67, a price-to-earnings-growth ratio of 1.44 and a beta of 1.10. 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 Corp. has a 52 week low of $36.62 and a 52 week high of $56.60.

Las Vegas Sands (NYSE:LVS - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates 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 previous year, the business posted $0.55 earnings per share. The company's quarterly revenue was down 4.0% on a year-over-year basis. As a group, equities analysts anticipate 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. Shareholders of record on Tuesday, November 5th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend was Tuesday, November 5th. Las Vegas Sands's dividend payout ratio is presently 39.60%.

Insiders Place Their Bets

In other news, CEO Robert G. Goldstein sold 60,187 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $53.02, for a total value of $3,191,114.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert G. Goldstein sold 24,324 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following the transaction, the chief executive officer now directly owns 60,187 shares in the company, valued at $3,129,724. The trade was a 28.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 203,732 shares of company stock worth $10,861,707 over the last ninety days. 0.91% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Wells Fargo & Company raised their price target on Las Vegas Sands from $53.00 to $60.00 and gave the stock an "overweight" rating in a report on Tuesday, October 1st. UBS Group upped their target price on shares of Las Vegas Sands from $49.00 to $50.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price target on Las Vegas Sands from $60.00 to $62.00 and gave the company an "overweight" rating in a report on Friday. Susquehanna increased their price objective on Las Vegas Sands from $51.00 to $59.00 and gave the stock a "positive" rating in a report on Wednesday, October 16th. Finally, Stifel Nicolaus lifted their target price on Las Vegas Sands from $55.00 to $64.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $58.42.

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.