Columbia Partners L L C Investment Management cut its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 13.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,913 shares of the casino operator’s stock after selling 9,487 shares during the period. Columbia Partners L L C Investment Management’s holdings in Las Vegas Sands Corp. were worth $3,891,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LVS. Investec Asset Management PTY Ltd boosted its stake in Las Vegas Sands Corp. by 48.2% in the 2nd quarter. Investec Asset Management PTY Ltd now owns 20,464 shares of the casino operator’s stock valued at $1,302,000 after buying an additional 6,660 shares in the last quarter. Investec Asset Management LTD boosted its stake in Las Vegas Sands Corp. by 38.5% in the 2nd quarter. Investec Asset Management LTD now owns 1,800,200 shares of the casino operator’s stock valued at $115,015,000 after buying an additional 500,619 shares in the last quarter. Investec Asset Management North America Inc. boosted its stake in Las Vegas Sands Corp. by 26.5% in the 2nd quarter. Investec Asset Management North America Inc. now owns 23,367 shares of the casino operator’s stock valued at $1,493,000 after buying an additional 4,902 shares in the last quarter. Artisan Partners Limited Partnership acquired a new stake in Las Vegas Sands Corp. in the 2nd quarter valued at $20,519,000. Finally, Profund Advisors LLC boosted its stake in Las Vegas Sands Corp. by 40.6% in the 2nd quarter. Profund Advisors LLC now owns 7,995 shares of the casino operator’s stock valued at $511,000 after buying an additional 2,307 shares in the last quarter. Institutional investors and hedge funds own 38.01% of the company’s stock.

Shares of Las Vegas Sands Corp. (LVS) traded up 1.82% during midday trading on Tuesday, hitting $64.79. The company’s stock had a trading volume of 686,110 shares. The company has a 50-day moving average price of $61.61 and a 200 day moving average price of $60.01. The company has a market cap of $51.31 billion, a P/E ratio of 25.21 and a beta of 1.78. Las Vegas Sands Corp. has a 1-year low of $51.35 and a 1-year high of $66.22. Las Vegas Sands Corp. also was the recipient of unusually large options trading on Monday. Investors bought 12,488 put options on the stock. This is an increase of 427% compared to the typical daily volume of 2,370 put options.

Las Vegas Sands Corp. (NYSE:LVS) last posted its quarterly earnings data on Wednesday, July 26th. The casino operator reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.14. Las Vegas Sands Corp. had a return on equity of 29.91% and a net margin of 16.66%. The firm had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same period last year, the company posted $0.52 EPS. The business’s quarterly revenue was up 18.5% on a year-over-year basis. On average, equities research analysts predict that Las Vegas Sands Corp. will post $2.74 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 21st will be given a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 4.59%. The ex-dividend date of this dividend is Wednesday, September 20th. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is presently 113.18%.

Several analysts recently commented on the company. Zacks Investment Research lowered Las Vegas Sands Corp. from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $54.00 price target (up previously from $52.00) on shares of Las Vegas Sands Corp. in a research note on Thursday, July 27th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $72.00 price target (up previously from $70.00) on shares of Las Vegas Sands Corp. in a research note on Thursday, July 27th. Telsey Advisory Group boosted their price target on Las Vegas Sands Corp. from $64.00 to $66.00 and gave the company a “market perform” rating in a research note on Thursday, July 27th. Finally, CLSA reaffirmed a “buy” rating on shares of Las Vegas Sands Corp. in a research note on Wednesday, July 5th. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Las Vegas Sands Corp. currently has a consensus rating of “Buy” and a consensus price target of $62.91.

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Las Vegas Sands Corp. Company Profile

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.

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Institutional Ownership by Quarter for Las Vegas Sands Corp. (NYSE:LVS)

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