Public Employees Retirement Association of Colorado Sells 10,267 Shares of Las Vegas Sands Corp. (LVS)

Public Employees Retirement Association of Colorado trimmed its position in Las Vegas Sands Corp. (NYSE:LVS) by 12.7% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 70,709 shares of the casino operator’s stock after selling 10,267 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Las Vegas Sands Corp. were worth $4,537,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in LVS. Principal Financial Group Inc. boosted its position in Las Vegas Sands Corp. by 126.6% in the 1st quarter. Principal Financial Group Inc. now owns 55,946 shares of the casino operator’s stock valued at $3,193,000 after buying an additional 31,261 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Las Vegas Sands Corp. by 12.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 820,251 shares of the casino operator’s stock valued at $46,810,000 after buying an additional 88,092 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in Las Vegas Sands Corp. in the 1st quarter valued at $311,000. Handelsbanken Fonder AB boosted its position in Las Vegas Sands Corp. by 210.2% in the 2nd quarter. Handelsbanken Fonder AB now owns 152,000 shares of the casino operator’s stock valued at $9,711,000 after buying an additional 103,000 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new position in Las Vegas Sands Corp. in the 2nd quarter valued at $856,000. Hedge funds and other institutional investors own 38.27% of the company’s stock.

Shares of Las Vegas Sands Corp. (LVS) opened at $65.88 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $52,076.82, a PE ratio of 23.70 and a beta of 1.78. Las Vegas Sands Corp. has a 12-month low of $51.35 and a 12-month high of $66.22.

Las Vegas Sands Corp. (NYSE:LVS) last announced its quarterly earnings results on Wednesday, October 25th. The casino operator reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.10. The firm had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.14 billion. Las Vegas Sands Corp. had a return on equity of 30.84% and a net margin of 16.80%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 earnings per share. research analysts expect that Las Vegas Sands Corp. will post 2.85 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, December 21st will be given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date of this dividend is Wednesday, December 20th. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is presently 110.19%.

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Several research analysts have recently issued reports on LVS shares. Stifel Nicolaus restated a “buy” rating on shares of Las Vegas Sands Corp. in a research report on Sunday, September 3rd. Bank of America Corporation restated a “buy” rating and issued a $67.00 price target (up from $65.00) on shares of Las Vegas Sands Corp. in a research report on Friday, July 21st. Zacks Investment Research upgraded Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research report on Friday, October 13th. Deutsche Bank AG restated a “hold” rating and issued a $54.00 price target (up from $52.00) on shares of Las Vegas Sands Corp. in a research report on Thursday, July 27th. Finally, Roth Capital started coverage on Las Vegas Sands Corp. in a research report on Wednesday, October 25th. They issued a “buy” rating and a $69.00 price target on the stock. Eleven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Las Vegas Sands Corp. presently has an average rating of “Hold” and a consensus target price of $65.04.

Las Vegas Sands Corp. Company 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.

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

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