Assenagon Asset Management S.A. Decreases Stock Holdings in Las Vegas Sands Corp. (NYSE:LVS)

Assenagon Asset Management S.A. trimmed its stake in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 77.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,337 shares of the casino operator's stock after selling 342,988 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Las Vegas Sands were worth $5,051,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. GAMMA Investing LLC raised its stake in Las Vegas Sands by 40.1% during the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator's stock valued at $43,000 after acquiring an additional 243 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Las Vegas Sands by 7.8% during the 3rd quarter. Signaturefd LLC now owns 3,510 shares of the casino operator's stock worth $177,000 after purchasing an additional 253 shares during the period. Waldron Private Wealth LLC lifted its stake in shares of Las Vegas Sands by 2.2% during the 3rd quarter. Waldron Private Wealth LLC now owns 12,466 shares of the casino operator's stock worth $628,000 after purchasing an additional 268 shares during the period. CVA Family Office LLC lifted its stake in shares of Las Vegas Sands by 118.8% during the 3rd quarter. CVA Family Office LLC now owns 560 shares of the casino operator's stock worth $28,000 after purchasing an additional 304 shares during the period. Finally, Western Pacific Wealth Management LP raised its position in shares of Las Vegas Sands by 53.5% in the 1st quarter. Western Pacific Wealth Management LP now owns 970 shares of the casino operator's stock worth $50,000 after buying an additional 338 shares during the period. 39.16% of the stock is owned by hedge funds and other institutional investors.

Las Vegas Sands Price Performance

Shares of NYSE:LVS traded down $0.44 during midday trading on Wednesday, hitting $52.95. The stock had a trading volume of 5,813,471 shares, compared to its average volume of 5,773,103. The company's 50-day moving average price is $46.17 and its 200-day moving average price is $44.44. The company has a market capitalization of $38.99 billion, a P/E ratio of 26.21, a price-to-earnings-growth ratio of 1.49 and a beta of 1.12. Las Vegas Sands Corp. has a fifty-two week low of $36.62 and a fifty-two week high of $55.65. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 3.29.

Las Vegas Sands (NYSE:LVS - Get Free Report) last posted 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). The business had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.79 billion. Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The company's revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.55 earnings per share. As a group, equities research analysts predict that Las Vegas Sands Corp. will post 2.45 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.80 annualized dividend and a yield of 1.51%. Las Vegas Sands's payout ratio is 39.60%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Stifel Nicolaus increased their price target on Las Vegas Sands from $55.00 to $64.00 and gave the company a "buy" rating in a report on Thursday, October 24th. JPMorgan Chase & Co. lifted their price target on Las Vegas Sands from $53.00 to $60.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 15th. Wells Fargo & Company 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 report on Tuesday, October 1st. Mizuho raised their target price on shares of Las Vegas Sands from $52.00 to $57.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Finally, Barclays raised their target price on shares of Las Vegas Sands from $52.00 to $58.00 and gave the stock an "overweight" rating in a report on Thursday, October 17th. Four analysts have rated the stock with a hold rating and ten have issued 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 an average price target of $57.92.

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.