SG Americas Securities LLC Has $1.71 Million Stock Position in Las Vegas Sands Corp. $LVS

SG Americas Securities LLC lessened its position in Las Vegas Sands Corp. (NYSE:LVS) by 39.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 31,867 shares of the casino operator’s stock after selling 20,471 shares during the period. SG Americas Securities LLC’s holdings in Las Vegas Sands were worth $1,714,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of LVS. Total Investment Management Inc. bought a new position in shares of Las Vegas Sands in the 2nd quarter worth $25,000. MassMutual Private Wealth & Trust FSB raised its holdings in Las Vegas Sands by 37.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 876 shares of the casino operator’s stock worth $38,000 after buying an additional 239 shares during the last quarter. Mizuho Securities Co. Ltd. bought a new position in shares of Las Vegas Sands in the second quarter valued at $41,000. CYBER HORNET ETFs LLC acquired a new position in shares of Las Vegas Sands during the second quarter valued at about $42,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of Las Vegas Sands during the second quarter worth about $43,000. 39.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LVS. Morgan Stanley lifted their price target on Las Vegas Sands from $59.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 28th. Stifel Nicolaus raised their target price on Las Vegas Sands from $60.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Argus upped their price target on Las Vegas Sands from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, December 1st. Susquehanna raised their price objective on Las Vegas Sands from $62.00 to $63.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Las Vegas Sands in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $68.52.

Insider Buying and Selling

In other Las Vegas Sands news, COO Patrick Dumont sold 210,305 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $69.96, for a total value of $14,712,937.80. Following the completion of the sale, the chief operating officer directly owned 446,608 shares of the company’s stock, valued at $31,244,695.68. This trade represents a 32.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Robert G. Goldstein sold 1,198,650 shares of the company’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $66.68, for a total value of $79,925,982.00. The SEC filing for this sale provides additional information. Insiders have sold a total of 5,182,053 shares of company stock valued at $333,348,399 over the last three months. Insiders own 1.20% of the company’s stock.

Las Vegas Sands Stock Up 1.0%

LVS stock opened at $60.49 on Friday. The stock has a market cap of $40.90 billion, a P/E ratio of 27.37, a P/E/G ratio of 1.45 and a beta of 0.97. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 7.42. The stock’s fifty day simple moving average is $65.33 and its two-hundred day simple moving average is $57.29. Las Vegas Sands Corp. has a 1-year low of $30.18 and a 1-year high of $70.45.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, October 22nd. The casino operator reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.16. The company had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.04 billion. Las Vegas Sands had a return on equity of 73.14% and a net margin of 12.69%.The business’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.44 EPS. Analysts expect that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 12th. Shareholders of record on Tuesday, November 4th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Tuesday, November 4th. Las Vegas Sands’s payout ratio is presently 45.25%.

Las Vegas Sands Profile

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.