ING Groep NV Sells 4,493 Shares of Las Vegas Sands Corp. (NYSE:LVS)

ING Groep NV reduced its stake in Las Vegas Sands Corp. (NYSE:LVS) by 19.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,800 shares of the casino operator’s stock after selling 4,493 shares during the period. ING Groep NV’s holdings in Las Vegas Sands Corp. were worth $1,201,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Parametrica Management Ltd acquired a new stake in Las Vegas Sands Corp. during the second quarter valued at $208,000. Russell Investments Group Ltd. increased its position in shares of Las Vegas Sands Corp. by 16.2% in the second quarter. Russell Investments Group Ltd. now owns 967,877 shares of the casino operator’s stock valued at $61,839,000 after buying an additional 134,837 shares during the period. Gilman Hill Asset Management LLC increased its position in shares of Las Vegas Sands Corp. by 15.7% in the second quarter. Gilman Hill Asset Management LLC now owns 21,105 shares of the casino operator’s stock valued at $1,348,000 after buying an additional 2,865 shares during the period. E&G Advisors LP purchased a new position in shares of Las Vegas Sands Corp. during the second quarter valued at approximately $230,000. Finally, Wagner Bowman Management Corp increased its position in shares of Las Vegas Sands Corp. by 1.1% in the second quarter. Wagner Bowman Management Corp now owns 5,666 shares of the casino operator’s stock valued at $362,000 after buying an additional 61 shares during the period. 38.27% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands Corp. (LVS) traded down 0.83% during midday trading on Friday, hitting $59.66. 3,053,489 shares of the stock traded hands. The stock has a 50-day moving average of $62.21 and a 200 day moving average of $58.26. Las Vegas Sands Corp. has a 52-week low of $49.89 and a 52-week high of $66.22. The firm has a market cap of $47.25 billion, a PE ratio of 23.21 and a beta of 1.81.

Las Vegas Sands Corp. (NYSE:LVS) last released its earnings results on Wednesday, July 26th. The casino operator reported $0.73 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter last year, the company earned $0.52 earnings per share. Las Vegas Sands Corp.’s quarterly revenue was up 18.5% compared to the same quarter last year. Equities analysts forecast that Las Vegas Sands Corp. will post $2.74 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 21st will be issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date is Wednesday, September 20th. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is currently 113.18%.

COPYRIGHT VIOLATION NOTICE: This story was originally posted by Community Financial News and is owned by of Community Financial News. If you are accessing this story on another site, it was stolen and republished in violation of U.S. & international copyright legislation. The legal version of this story can be read at https://www.com-unik.info/2017/08/11/las-vegas-sands-corp-nyselvs-shares-sold-by-ing-groep-nv-updated.html.

Several brokerages recently issued reports on LVS. Instinet reiterated a “neutral” rating and set a $54.00 price target (up previously from $50.00) on shares of Las Vegas Sands Corp. in a research report on Monday, June 19th. Zacks Investment Research upgraded shares of Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a report on Tuesday, June 27th. Stifel Nicolaus restated a “buy” rating and issued a $66.00 price objective on shares of Las Vegas Sands Corp. in a report on Tuesday, July 4th. Wells Fargo & Company restated a “neutral” rating on shares of Las Vegas Sands Corp. in a report on Tuesday, July 4th. Finally, Vetr cut shares of Las Vegas Sands Corp. from a “buy” rating to a “hold” rating and set a $64.62 price objective on the stock. in a report on Monday, June 5th. Eleven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $62.65.

About Las Vegas Sands Corp.

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.

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

What are top analysts saying about Las Vegas Sands Corp.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Las Vegas Sands Corp. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit