UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 57,739 Shares of Las Vegas Sands Corp. (NYSE:LVS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 2.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,659,427 shares of the casino operator's stock after purchasing an additional 57,739 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.37% of Las Vegas Sands worth $133,876,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. boosted its position in Las Vegas Sands by 7,647.7% during the second quarter. Assenagon Asset Management S.A. now owns 443,325 shares of the casino operator's stock worth $19,617,000 after acquiring an additional 437,603 shares during the last quarter. Meeder Asset Management Inc. increased its stake in Las Vegas Sands by 97.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 89,743 shares of the casino operator's stock worth $4,518,000 after purchasing an additional 44,223 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Las Vegas Sands during the 2nd quarter valued at $619,000. Clearbridge Investments LLC lifted its stake in shares of Las Vegas Sands by 29.9% in the 2nd quarter. Clearbridge Investments LLC now owns 833,487 shares of the casino operator's stock valued at $36,882,000 after purchasing an additional 191,805 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Las Vegas Sands by 1.4% in the third quarter. The Manufacturers Life Insurance Company now owns 5,627,422 shares of the casino operator's stock worth $283,284,000 after purchasing an additional 77,807 shares during the period. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Robert G. Goldstein sold 24,324 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now owns 60,187 shares in the company, valued at approximately $3,129,724. This trade represents a 28.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.91% of the company's stock.

Las Vegas Sands Stock Performance

Shares of Las Vegas Sands stock traded up $1.94 during trading on Monday, reaching $55.00. The company's stock had a trading volume of 6,709,844 shares, compared to its average volume of 5,755,301. The company has a 50-day moving average price of $50.77 and a two-hundred day moving average price of $45.01. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 3.09. The firm has a market cap of $39.88 billion, a PE ratio of 27.23, a P/E/G ratio of 1.40 and a beta of 1.11. Las Vegas Sands Corp. has a fifty-two week low of $36.62 and a fifty-two week high of $55.65.

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

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.45%. The ex-dividend date was Tuesday, November 5th. Las Vegas Sands's dividend payout ratio is currently 39.60%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LVS. UBS Group upped their price target on Las Vegas Sands from $49.00 to $50.00 and gave the company a "neutral" rating in a research report on Tuesday, November 5th. Wells Fargo & Company lifted 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. Argus lowered shares of Las Vegas Sands from a "buy" rating to a "hold" rating in a report on Thursday, August 15th. Susquehanna raised their price objective on shares of Las Vegas Sands from $51.00 to $59.00 and gave the stock a "positive" rating in a research report on Wednesday, October 16th. Finally, Mizuho increased their target price on shares of Las Vegas Sands from $52.00 to $57.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, Las Vegas Sands has an average rating of "Moderate Buy" and a consensus price target of $58.00.

Las Vegas Sands 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.