Las Vegas Sands Corp. (LVS) Holdings Increased by Alyeska Investment Group L.P.
Alyeska Investment Group L.P. raised its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 49.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,859,527 shares of the casino operator’s stock after purchasing an additional 614,622 shares during the quarter. Las Vegas Sands makes up approximately 1.0% of Alyeska Investment Group L.P.’s investment portfolio, making the stock its 17th largest holding. Alyeska Investment Group L.P. owned approximately 0.24% of Las Vegas Sands worth $119,307,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Global X Management Co. LLC increased its position in Las Vegas Sands by 8.3% during the 2nd quarter. Global X Management Co. LLC now owns 1,653 shares of the casino operator’s stock valued at $106,000 after purchasing an additional 126 shares during the period. Ffcm LLC grew its position in shares of Las Vegas Sands by 90.9% during the 2nd quarter. Ffcm LLC now owns 2,436 shares of the casino operator’s stock worth $153,000 after buying an additional 1,160 shares during the period. San Francisco Sentry Investment Group CA acquired a new stake in shares of Las Vegas Sands during the 3rd quarter worth approximately $181,000. Chase Investment Counsel Corp acquired a new stake in shares of Las Vegas Sands during the 3rd quarter worth approximately $200,000. Finally, Birinyi Associates Inc. acquired a new stake in shares of Las Vegas Sands during the 2nd quarter worth approximately $201,000. 37.47% of the stock is owned by institutional investors and hedge funds.
In related news, Director George Jamieson bought 1,000 shares of Las Vegas Sands stock in a transaction on Tuesday, November 14th. The stock was acquired at an average price of $66.96 per share, with a total value of $66,960.00. Following the acquisition, the director now directly owns 6,488 shares of the company’s stock, valued at $434,436.48. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 10.10% of the stock is owned by insiders.
Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, October 25th. The casino operator reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.10. Las Vegas Sands had a return on equity of 31.11% and a net margin of 16.80%. The company had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same quarter last year, the firm posted $0.72 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. sell-side analysts predict that Las Vegas Sands Corp. will post 2.87 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, December 21st will be issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date is Wednesday, December 20th. Las Vegas Sands’s payout ratio is presently 110.19%.
Several brokerages have recently commented on LVS. Barclays raised their price objective on shares of Las Vegas Sands from $69.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday. Morgan Stanley increased their target price on Las Vegas Sands from $63.00 to $65.00 and gave the stock an “equal weight” rating in a report on Thursday, October 26th. Gabelli increased their target price on Las Vegas Sands from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Zacks Investment Research cut Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Nomura increased their target price on Las Vegas Sands from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday, October 26th. Ten investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $65.77.
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Las Vegas Sands 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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