AM Squared Ltd Acquires 2,300 Shares of Las Vegas Sands Corp. (NYSE:LVS)

AM Squared Ltd boosted its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 153.3% in the third quarter, Holdings Channel reports. The institutional investor owned 3,800 shares of the casino operator’s stock after buying an additional 2,300 shares during the period. Las Vegas Sands accounts for approximately 0.4% of AM Squared Ltd’s holdings, making the stock its 19th largest position. AM Squared Ltd’s holdings in Las Vegas Sands were worth $191,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Las Vegas Sands by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 37,107,775 shares of the casino operator’s stock valued at $1,918,472,000 after buying an additional 209,589 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Las Vegas Sands by 1.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,170,552 shares of the casino operator’s stock worth $1,663,219,000 after purchasing an additional 531,799 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Las Vegas Sands by 15.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 11,351,573 shares of the casino operator’s stock worth $502,307,000 after purchasing an additional 1,536,754 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Las Vegas Sands by 0.8% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,500,248 shares of the casino operator’s stock worth $376,136,000 after purchasing an additional 68,568 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in Las Vegas Sands by 987.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,549,615 shares of the casino operator’s stock worth $245,570,000 after purchasing an additional 5,039,072 shares during the last quarter. Institutional investors own 39.16% of the company’s stock.

Insider Buying and Selling at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 24,324 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $52.00, for a total value of $1,264,848.00. Following the completion of the sale, the chief executive officer now owns 60,187 shares in the company, valued at $3,129,724. This represents a 28.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.91% of the stock is currently owned by company insiders.

Las Vegas Sands Stock Performance

Shares of LVS stock opened at $47.96 on Friday. The firm has a market capitalization of $34.77 billion, a PE ratio of 23.74, a price-to-earnings-growth ratio of 1.26 and a beta of 1.11. The firm has a fifty day simple moving average of $48.72 and a two-hundred day simple moving average of $44.73. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 3.09. Las Vegas Sands Corp. has a 12 month low of $36.62 and a 12 month high of $55.65.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, October 23rd. The casino operator reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). The business had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.79 billion. Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.55 EPS. Analysts forecast that Las Vegas Sands Corp. will post 2.33 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.80 dividend on an annualized basis and a yield of 1.67%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 39.60%.

Analysts Set New Price Targets

Several research analysts have issued reports on LVS shares. Macquarie lowered their price target on shares of Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Susquehanna raised their price objective on shares of Las Vegas Sands from $51.00 to $59.00 and gave the stock a “positive” rating in a research report on Wednesday, October 16th. Argus downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. StockNews.com downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, Mizuho raised their price objective on shares of Las Vegas Sands from $52.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Las Vegas Sands presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

Las Vegas Sands Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People’s Republic of China; and Marina Bay Sands in Singapore.