Amalgamated Bank Reduces Position in Las Vegas Sands Corp. (NYSE:LVS)

Amalgamated Bank trimmed its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,095 shares of the casino operator’s stock after selling 1,347 shares during the period. Amalgamated Bank’s holdings in Las Vegas Sands were worth $2,295,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BOKF NA grew its stake in shares of Las Vegas Sands by 2.7% in the fourth quarter. BOKF NA now owns 6,912 shares of the casino operator’s stock worth $359,000 after purchasing an additional 181 shares during the last quarter. Bessemer Group Inc. boosted its position in Las Vegas Sands by 24.8% during the fourth quarter. Bessemer Group Inc. now owns 972 shares of the casino operator’s stock valued at $50,000 after acquiring an additional 193 shares during the last quarter. Cornerstone Advisors Inc. raised its holdings in shares of Las Vegas Sands by 99.6% during the fourth quarter. Cornerstone Advisors Inc. now owns 487 shares of the casino operator’s stock valued at $25,000 after purchasing an additional 243 shares during the period. Eaton Vance Management raised its holdings in shares of Las Vegas Sands by 5.1% during the fourth quarter. Eaton Vance Management now owns 5,122 shares of the casino operator’s stock valued at $267,000 after purchasing an additional 250 shares during the period. Finally, FTB Advisors Inc. raised its holdings in shares of Las Vegas Sands by 73.4% during the fourth quarter. FTB Advisors Inc. now owns 607 shares of the casino operator’s stock valued at $31,000 after purchasing an additional 257 shares during the period. Institutional investors own 36.81% of the company’s stock.

LVS has been the topic of several recent analyst reports. Zacks Investment Research cut shares of Las Vegas Sands from a “hold” rating to a “sell” rating in a research note on Tuesday, January 8th. Deutsche Bank raised their price objective on shares of Las Vegas Sands to $60.00 and gave the company a “buy” rating in a research report on Thursday, January 24th. Morgan Stanley raised their price objective on shares of Las Vegas Sands from $64.00 to $66.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Credit Suisse Group restated a “neutral” rating and set a $58.00 price objective on shares of Las Vegas Sands in a research report on Wednesday, March 20th. Finally, Jefferies Financial Group raised their price objective on shares of Las Vegas Sands from $57.00 to $69.00 and gave the company a “hold” rating in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $68.89.

Shares of LVS traded up $0.31 during trading hours on Friday, reaching $68.22. 7,743,853 shares of the company traded hands, compared to its average volume of 3,742,167. The firm has a market capitalization of $52.72 billion, a price-to-earnings ratio of 20.55 and a beta of 1.40. The company has a current ratio of 1.76, a quick ratio of 1.75 and a debt-to-equity ratio of 1.76. Las Vegas Sands Corp. has a 12 month low of $47.39 and a 12 month high of $81.45.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, April 17th. The casino operator reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.06. Las Vegas Sands had a net margin of 11.15% and a return on equity of 33.30%. The firm had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.48 billion. During the same quarter in the previous year, the firm posted $1.04 EPS. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, research analysts forecast that Las Vegas Sands Corp. will post 3.23 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Wednesday, June 19th will be given a dividend of $0.77 per share. The ex-dividend date is Tuesday, June 18th. This represents a $3.08 dividend on an annualized basis and a yield of 4.51%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 92.77%.

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Las Vegas Sands 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.

Read More: Balanced Fund

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

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