American International Group Inc. Takes $1.09 Million Position in Las Vegas Sands Corp. (LVS)

American International Group Inc. bought a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 16,989 shares of the casino operator’s stock, valued at approximately $1,090,000.

Several other hedge funds have also made changes to their positions in the company. Stephens Inc. AR boosted its holdings in shares of Las Vegas Sands by 0.7% during the 2nd quarter. Stephens Inc. AR now owns 4,389 shares of the casino operator’s stock valued at $280,000 after buying an additional 31 shares in the last quarter. Baldwin Investment Management LLC boosted its holdings in shares of Las Vegas Sands by 0.6% during the 2nd quarter. Baldwin Investment Management LLC now owns 6,473 shares of the casino operator’s stock valued at $414,000 after buying an additional 40 shares in the last quarter. Toronto Dominion Bank boosted its holdings in shares of Las Vegas Sands by 0.4% during the 2nd quarter. Toronto Dominion Bank now owns 24,878 shares of the casino operator’s stock valued at $1,592,000 after buying an additional 94 shares in the last quarter. High Pointe Capital Management LLC raised its position in shares of Las Vegas Sands by 0.6% in the 2nd quarter. High Pointe Capital Management LLC now owns 19,810 shares of the casino operator’s stock worth $1,266,000 after purchasing an additional 110 shares during the last quarter. Finally, Global X Management Co. LLC raised its position in shares of Las Vegas Sands by 8.3% in the 2nd quarter. Global X Management Co. LLC now owns 1,653 shares of the casino operator’s stock worth $106,000 after purchasing an additional 126 shares during the last quarter. Hedge funds and other institutional investors own 37.37% of the company’s stock.

In other Las Vegas Sands news, Director George Jamieson purchased 1,000 shares of Las Vegas Sands stock in a transaction dated Tuesday, November 14th. The stock was purchased at an average price of $66.96 per share, with a total value of $66,960.00. Following the transaction, the director now directly owns 6,488 shares of the company’s stock, valued at $434,436.48. The purchase was disclosed in a document filed with the SEC, which is available through this link. 10.10% of the stock is owned by corporate insiders.

Several equities analysts have recently issued reports on LVS shares. Zacks Investment Research raised Las Vegas Sands from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Wednesday, November 8th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Las Vegas Sands in a research report on Sunday, September 3rd. Morgan Stanley raised Las Vegas Sands from an “equal weight” rating to an “overweight” rating and set a $65.00 price target for the company in a research report on Monday, November 6th. Gabelli lifted their price target on Las Vegas Sands from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Finally, Nomura lifted their price target on Las Vegas Sands from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, October 26th. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $65.62.

Las Vegas Sands Corp. (NYSE LVS) opened at $71.12 on Tuesday. Las Vegas Sands Corp. has a 52-week low of $51.35 and a 52-week high of $71.60. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.07 and a quick ratio of 1.05. The firm has a market capitalization of $55,724.89, a PE ratio of 25.36 and a beta of 1.80.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, October 25th. The casino operator reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.10. Las Vegas Sands had a return on equity of 31.11% and a net margin of 16.80%. The business had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same quarter in the previous year, the firm earned $0.72 EPS. Las Vegas Sands’s revenue was up 7.7% on a year-over-year basis. equities analysts forecast that Las Vegas Sands Corp. will post 2.87 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, December 21st will be given a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date is Wednesday, December 20th. Las Vegas Sands’s dividend payout ratio (DPR) is 110.19%.

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Las Vegas Sands 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 (NYSE:LVS)

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