Rothschild Investment Corp IL trimmed its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 15.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 133,737 shares of the casino operator’s stock after selling 24,459 shares during the period. Las Vegas Sands accounts for approximately 1.0% of Rothschild Investment Corp IL’s portfolio, making the stock its 28th largest position. Rothschild Investment Corp IL’s holdings in Las Vegas Sands were worth $9,293,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in LVS. San Francisco Sentry Investment Group CA purchased a new position in Las Vegas Sands during the third quarter worth about $181,000. Steward Partners Investment Advisory LLC purchased a new position in Las Vegas Sands during the third quarter worth about $198,000. Chase Investment Counsel Corp purchased a new position in Las Vegas Sands during the third quarter worth about $200,000. Crossmark Global Holdings Inc. purchased a new position in Las Vegas Sands during the third quarter worth about $209,000. Finally, SevenBridge Financial Group LLC raised its holdings in Las Vegas Sands by 199.5% during the third quarter. SevenBridge Financial Group LLC now owns 3,250 shares of the casino operator’s stock worth $209,000 after purchasing an additional 2,165 shares in the last quarter. 37.20% of the stock is owned by institutional investors and hedge funds.
Several research firms recently issued reports on LVS. Zacks Investment Research cut shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Morgan Stanley upped their target price on shares of Las Vegas Sands from $63.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th. Jefferies Group initiated coverage on shares of Las Vegas Sands in a research report on Thursday, January 18th. They set a “hold” rating and a $73.00 target price on the stock. Gabelli upped their target price on shares of 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 upped their target price on shares of Las Vegas Sands from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, October 26th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $66.71.
Las Vegas Sands Corp. (NYSE LVS) traded up $2.59 during mid-day trading on Tuesday, hitting $77.10. 6,840,000 shares of the stock traded hands, compared to its average volume of 3,772,221. The firm has a market capitalization of $61,210.00, a price-to-earnings ratio of 29.09 and a beta of 1.80. Las Vegas Sands Corp. has a twelve month low of $51.35 and a twelve month high of $77.28. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 1.38.
Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, October 25th. The casino operator reported $0.77 EPS for the quarter, beating the consensus estimate of $0.67 by $0.10. The business had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.14 billion. Las Vegas Sands had a net margin of 21.41% and a return on equity of 38.69%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.72 earnings per share. sell-side analysts expect that Las Vegas Sands Corp. will post 2.9 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Thursday, December 21st were given a $0.73 dividend. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $2.92 annualized dividend and a dividend yield of 3.79%. Las Vegas Sands’s dividend payout ratio is presently 110.19%.
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.
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