Kercheville Advisors LLC lessened its stake in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 82.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,778 shares of the casino operator's stock after selling 22,599 shares during the quarter. Kercheville Advisors LLC's holdings in Las Vegas Sands were worth $241,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of LVS. CVA Family Office LLC grew 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 purchasing an additional 304 shares during the period. Bank & Trust Co purchased a new position in Las Vegas Sands during the second quarter valued at $29,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Las Vegas Sands by 93.2% during 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. Fidelis Capital Partners LLC acquired a new position in shares of Las Vegas Sands during the 1st quarter worth about $43,000. Finally, GAMMA Investing LLC boosted its holdings in Las Vegas Sands by 40.1% in the 3rd 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. Hedge funds and other institutional investors own 39.16% of the company's stock.
Wall Street Analyst Weigh In
Several analysts recently commented on the company. Barclays boosted their price target on Las Vegas Sands from $52.00 to $58.00 and gave the stock an "overweight" rating in a research report on Thursday, October 17th. Macquarie lowered their price target on shares of Las Vegas Sands from $58.00 to $56.00 and set an "outperform" rating on the stock in a research report on Thursday, July 25th. JPMorgan Chase & Co. raised their target price on shares of Las Vegas Sands from $53.00 to $60.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 15th. Morgan Stanley upped their price target on 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, Wells Fargo & Company lifted their price objective on Las Vegas Sands from $53.00 to $60.00 and gave the stock 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 given a buy rating to the company's stock. According to data from MarketBeat, Las Vegas Sands currently has an average rating of "Moderate Buy" and a consensus price target of $57.92.
View Our Latest Report on LVS
Las Vegas Sands Trading Up 1.6 %
Shares of LVS stock traded up $0.85 on Monday, hitting $53.61. The stock had a trading volume of 4,213,735 shares, compared to its average volume of 5,773,757. The firm has a market capitalization of $39.94 billion, a P/E ratio of 25.90, a P/E/G ratio of 1.49 and a beta of 1.12. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.58 and a quick ratio of 1.57. The company's 50 day moving average price is $45.43 and its 200-day moving average price is $44.35. 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 released its 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). Las Vegas Sands had a net margin of 14.08% and a return on equity of 44.41%. The company had revenue of $2.68 billion during the quarter, compared to analysts' expectations of $2.79 billion. During the same quarter last year, the business posted $0.55 earnings per share. The company's revenue for the quarter was down 4.0% on a year-over-year basis. Analysts anticipate that Las Vegas Sands Corp. will post 2.45 earnings per share for the current year.
Las Vegas Sands Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, November 5th. This represents a $0.80 annualized dividend and a dividend yield of 1.49%. Las Vegas Sands's dividend payout ratio is currently 38.65%.
About Las Vegas Sands
(
Free Report)
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.
Recommended Stories
Before you consider Las Vegas Sands, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Las Vegas Sands wasn't on the list.
While Las Vegas Sands currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
