Hartford Investment Management Co. purchased a new position in Las Vegas Sands Corp. (NYSE:LVS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,348 shares of the casino operator’s stock, valued at approximately $215,000.
Several other institutional investors and hedge funds have also made changes to their positions in LVS. Stephens Inc. AR lifted its position in Las Vegas Sands by 0.7% during the second quarter. Stephens Inc. AR now owns 4,389 shares of the casino operator’s stock valued at $280,000 after acquiring an additional 31 shares during the last quarter. Baldwin Investment Management LLC increased its stake in shares of Las Vegas Sands by 0.6% in the second quarter. Baldwin Investment Management LLC now owns 6,473 shares of the casino operator’s stock worth $414,000 after acquiring an additional 40 shares during the period. Toronto Dominion Bank increased its stake in shares of Las Vegas Sands by 0.4% in the second quarter. Toronto Dominion Bank now owns 24,878 shares of the casino operator’s stock worth $1,592,000 after acquiring an additional 94 shares during the period. High Pointe Capital Management LLC increased its stake in shares of Las Vegas Sands by 0.6% in the second quarter. High Pointe Capital Management LLC now owns 19,810 shares of the casino operator’s stock worth $1,266,000 after acquiring an additional 110 shares during the period. Finally, Global X Management Co. LLC increased its stake in shares of Las Vegas Sands by 8.3% in the second quarter. Global X Management Co. LLC now owns 1,653 shares of the casino operator’s stock worth $106,000 after acquiring an additional 126 shares during the period. 37.47% of the stock is owned by hedge funds and other institutional investors.
In other news, Director George Jamieson acquired 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was purchased at an average cost of $66.96 per share, for a total transaction of $66,960.00. Following the completion of the transaction, the director now owns 6,488 shares in the company, valued at $434,436.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.10% of the stock is currently owned by company insiders.
Las Vegas Sands Corp. (LVS) traded down $0.34 during trading hours on Wednesday, hitting $69.44. 1,894,200 shares of the stock traded hands, compared to its average volume of 3,260,015. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $55,159.69, a P/E ratio of 25.10 and a beta of 1.80. Las Vegas Sands Corp. has a 12-month low of $51.35 and a 12-month high of $70.46.
Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, October 25th. The casino operator reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 had a net margin of 16.80% and a return on equity of 31.11%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the firm posted $0.72 earnings per share. analysts expect that Las Vegas Sands Corp. will post 2.87 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, December 21st will be given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend is Wednesday, December 20th. Las Vegas Sands’s payout ratio is currently 110.19%.
About Las Vegas Sands
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.
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