Las Vegas Sands Corp. (NYSE:LVS) Stake Decreased by Sumitomo Mitsui Asset Management Company LTD

Sumitomo Mitsui Asset Management Company LTD cut its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,032 shares of the casino operator’s stock after selling 1,275 shares during the quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in Las Vegas Sands were worth $1,719,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Dakota Wealth Management raised its stake in Las Vegas Sands by 131.5% during the third quarter. Dakota Wealth Management now owns 8,103 shares of the casino operator’s stock worth $481,000 after purchasing an additional 4,603 shares during the period. USA Mutuals Advisors Inc. raised its stake in shares of Las Vegas Sands by 4.4% in the 4th quarter. USA Mutuals Advisors Inc. now owns 141,000 shares of the casino operator’s stock valued at $7,339,000 after acquiring an additional 6,000 shares during the period. NN Investment Partners Holdings N.V. raised its stake in shares of Las Vegas Sands by 26.7% in the 3rd quarter. NN Investment Partners Holdings N.V. now owns 1,101,491 shares of the casino operator’s stock valued at $65,350,000 after acquiring an additional 232,106 shares during the period. Alps Advisors Inc. raised its stake in shares of Las Vegas Sands by 28.1% in the 3rd quarter. Alps Advisors Inc. now owns 7,966 shares of the casino operator’s stock valued at $473,000 after acquiring an additional 1,749 shares during the period. Finally, Signition LP purchased a new stake in shares of Las Vegas Sands in the 3rd quarter valued at approximately $382,000. 36.50% of the stock is currently owned by institutional investors.

NYSE LVS opened at $60.37 on Thursday. The company has a quick ratio of 1.92, a current ratio of 1.93 and a debt-to-equity ratio of 1.52. Las Vegas Sands Corp. has a 52 week low of $47.39 and a 52 week high of $81.45. The company has a market cap of $47.12 billion, a price-to-earnings ratio of 18.18 and a beta of 1.43.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, January 23rd. The casino operator reported $0.77 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.08). Las Vegas Sands had a return on equity of 32.48% and a net margin of 17.58%. The firm had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.52 billion. During the same quarter last year, the firm earned $0.88 EPS. The company’s revenue was up 2.5% on a year-over-year basis. As a group, research analysts expect that Las Vegas Sands Corp. will post 3.18 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Wednesday, March 20th will be issued a $0.77 dividend. This is a boost from Las Vegas Sands’s previous quarterly dividend of $0.75. The ex-dividend date is Tuesday, March 19th. This represents a $3.08 annualized dividend and a dividend yield of 5.10%. Las Vegas Sands’s dividend payout ratio is presently 90.36%.

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley reissued a “buy” rating on shares of Las Vegas Sands in a research note on Monday, December 3rd. Deutsche Bank boosted their price target on shares of Las Vegas Sands to $60.00 and gave the company a “buy” rating in a research note on Thursday, January 24th. Zacks Investment Research downgraded shares of Las Vegas Sands from a “hold” rating to a “sell” rating in a research note on Tuesday, January 8th. Goldman Sachs Group downgraded shares of Las Vegas Sands from a “conviction-buy” rating to a “buy” rating in a research note on Friday, October 19th. Finally, Nomura reduced their price target on shares of Las Vegas Sands from $70.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, October 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. Las Vegas Sands has an average rating of “Hold” and a consensus price target of $71.34.

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Las Vegas Sands Company Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.

Further Reading: What is a Leveraged Buyout (LBO)?

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

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