Las Vegas Sands Corp. (NYSE:LVS) Shares Sold by Eos Management L.P.

Eos Management L.P. decreased its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 8.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 42,466 shares of the casino operator’s stock after selling 4,115 shares during the quarter. Las Vegas Sands accounts for about 0.9% of Eos Management L.P.’s investment portfolio, making the stock its 20th largest position. Eos Management L.P.’s holdings in Las Vegas Sands were worth $2,090,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Charles Lim Capital Ltd boosted its stake in shares of Las Vegas Sands by 296.2% during the 3rd quarter. Charles Lim Capital Ltd now owns 2,575,000 shares of the casino operator’s stock worth $118,038,000 after acquiring an additional 1,925,000 shares in the last quarter. Integrated Investment Consultants LLC purchased a new position in Las Vegas Sands in the 4th quarter worth about $45,752,000. PointState Capital LP raised its holdings in Las Vegas Sands by 81.9% during the 3rd quarter. PointState Capital LP now owns 1,927,404 shares of the casino operator’s stock worth $88,352,000 after buying an additional 868,005 shares during the period. Sequoia Financial Advisors LLC bought a new stake in Las Vegas Sands in the 4th quarter valued at $33,620,000. Finally, AQR Capital Management LLC raised its position in Las Vegas Sands by 359.1% in the 3rd quarter. AQR Capital Management LLC now owns 806,403 shares of the casino operator’s stock valued at $36,966,000 after buying an additional 630,747 shares during the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Stock Performance

Las Vegas Sands stock traded down $0.12 during midday trading on Friday, reaching $45.43. The stock had a trading volume of 4,932,130 shares, compared to its average volume of 4,779,081. The firm’s 50-day moving average price is $51.18 and its 200 day moving average price is $49.63. Las Vegas Sands Corp. has a 12 month low of $43.77 and a 12 month high of $65.58. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 2.96. The firm has a market capitalization of $33.85 billion, a PE ratio of 21.95, a P/E/G ratio of 0.85 and a beta of 1.16.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, April 17th. The casino operator reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.13. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.94 billion. Las Vegas Sands had a net margin of 13.99% and a return on equity of 42.34%. Las Vegas Sands’s revenue was up 34.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.28 EPS. As a group, research analysts predict that Las Vegas Sands Corp. will post 2.65 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, May 7th will be paid a $0.20 dividend. The ex-dividend date is Monday, May 6th. This represents a $0.80 dividend on an annualized basis and a yield of 1.76%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 38.65%.

Insider Activity at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 100,000 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $52.06, for a total value of $5,206,000.00. Following the sale, the chief executive officer now owns 172,801 shares of the company’s stock, valued at approximately $8,996,020.06. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.91% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have weighed in on LVS. StockNews.com raised Las Vegas Sands from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Morgan Stanley upped their target price on shares of Las Vegas Sands from $61.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, April 9th. Jefferies Financial Group reduced their price target on Las Vegas Sands from $54.00 to $53.00 and set a “hold” rating for the company in a report on Thursday, April 18th. Finally, Stifel Nicolaus dropped their price objective on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $63.46.

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.