Las Vegas Sands Corp. (NYSE:LVS) Shares Bought by Quarry LP

Quarry LP lifted its stake in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 375.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,801 shares of the casino operator's stock after buying an additional 10,109 shares during the quarter. Quarry LP's holdings in Las Vegas Sands were worth $644,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Empowered Funds LLC boosted its stake in Las Vegas Sands by 3.6% in the third quarter. Empowered Funds LLC now owns 6,050 shares of the casino operator's stock valued at $305,000 after acquiring an additional 213 shares in the last quarter. Raymond James Trust N.A. increased its position in Las Vegas Sands by 4.7% during the third quarter. Raymond James Trust N.A. now owns 5,062 shares of the casino operator's stock worth $255,000 after buying an additional 229 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Las Vegas Sands by 40.1% in the third 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 period. Signaturefd LLC increased its holdings in shares of Las Vegas Sands by 7.8% in the 3rd quarter. Signaturefd LLC now owns 3,510 shares of the casino operator's stock valued at $177,000 after acquiring an additional 253 shares during the period. Finally, Waldron Private Wealth LLC raised its position in Las Vegas Sands by 2.2% in the 3rd quarter. Waldron Private Wealth LLC now owns 12,466 shares of the casino operator's stock valued at $628,000 after purchasing an additional 268 shares during the last quarter. Institutional investors and hedge funds own 39.16% of the company's stock.

Las Vegas Sands Price Performance

Las Vegas Sands stock traded down $0.41 during trading hours on Thursday, hitting $54.19. The stock had a trading volume of 1,133,772 shares, compared to its average volume of 5,722,733. The stock has a market capitalization of $39.29 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 1.42 and a beta of 1.10. 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 $55.65. The stock's fifty day moving average is $51.41 and its two-hundred day moving average is $45.19.

Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.79 billion. During the same quarter last year, the company posted $0.55 EPS. Las Vegas Sands's quarterly revenue was down 4.0% compared to the same quarter last year. As a group, analysts predict that Las Vegas Sands Corp. will post 2.33 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The firm also recently declared 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 dividend yield of 1.48%. The ex-dividend date 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 24,324 shares of the business's stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 60,187 shares of the company's stock, valued at $3,129,724. The trade was a 28.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert G. Goldstein sold 60,187 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $53.02, for a total value of $3,191,114.74. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 203,732 shares of company stock valued at $10,861,707. Insiders own 0.91% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Susquehanna upped their target price on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a "positive" rating in a report on Wednesday, October 16th. Morgan Stanley increased their price objective on Las Vegas Sands from $50.00 to $55.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 22nd. Barclays boosted their target price on Las Vegas Sands from $52.00 to $58.00 and gave the company an "overweight" rating in a report on Thursday, October 17th. Wells Fargo & Company lifted their price objective on shares of Las Vegas Sands from $53.00 to $60.00 and gave the company an "overweight" rating in a research report on Tuesday, October 1st. Finally, Stifel Nicolaus upped their price objective on shares of Las Vegas Sands from $55.00 to $64.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $58.00.

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.