Las Vegas Sands Corp. (NYSE:LVS) Shares Sold by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board lessened its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 16.1% in the 3rd quarter, Holdings Channel reports. The fund owned 12,641 shares of the casino operator’s stock after selling 2,420 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Las Vegas Sands were worth $636,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of LVS. Price T Rowe Associates Inc. MD grew its holdings in shares of Las Vegas Sands by 1.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 32,170,552 shares of the casino operator’s stock valued at $1,663,219,000 after purchasing an additional 531,799 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of 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 purchasing an additional 1,536,754 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its position in Las Vegas Sands by 0.8% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,500,248 shares of the casino operator’s stock worth $376,136,000 after purchasing an additional 68,568 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Las Vegas Sands by 987.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,549,615 shares of the casino operator’s stock worth $245,570,000 after purchasing an additional 5,039,072 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in Las Vegas Sands by 58.6% during the first quarter. Janus Henderson Group PLC now owns 5,330,023 shares of the casino operator’s stock worth $275,559,000 after buying an additional 1,968,941 shares during the period. 39.16% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Robert G. Goldstein sold 24,324 shares of Las Vegas Sands stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $52.00, for a total value of $1,264,848.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.91% of the company’s stock.

Las Vegas Sands Trading Up 0.4 %

Shares of LVS stock opened at $50.12 on Friday. The company has a market capitalization of $36.34 billion, a P/E ratio of 24.81, a P/E/G ratio of 1.30 and a beta of 1.11. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 3.09. Las Vegas Sands Corp. has a 12-month low of $36.62 and a 12-month high of $55.65. The firm has a 50-day moving average price of $49.53 and a 200 day moving average price of $44.84.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, October 23rd. The casino operator reported $0.44 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $2.79 billion. During the same quarter in the prior year, the firm earned $0.55 EPS. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. Research analysts forecast that Las Vegas Sands Corp. will post 2.33 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend was Tuesday, November 5th. Las Vegas Sands’s payout ratio is presently 39.60%.

Analyst Upgrades and Downgrades

LVS has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Wells Fargo & Company increased their target price on Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Argus cut Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. StockNews.com lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Finally, 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. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $58.00.

Las Vegas Sands Company 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.