Las Vegas Sands Corp. (NYSE:LVS) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky reduced its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 8.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,234 shares of the casino operator’s stock after selling 2,331 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Las Vegas Sands were worth $1,320,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in LVS. CVA Family Office LLC increased its holdings in shares of Las Vegas Sands by 118.8% during the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock valued at $28,000 after purchasing an additional 304 shares during the period. Ashton Thomas Securities LLC acquired a new position in Las Vegas Sands during the 3rd quarter valued at about $34,000. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Las Vegas Sands by 93.2% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock worth $40,000 after buying an additional 437 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Las Vegas Sands by 40.1% in the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock worth $43,000 after acquiring an additional 243 shares during the period. Finally, Vestor Capital LLC bought a new position in shares of Las Vegas Sands in the third quarter valued at approximately $43,000. Institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Stock Up 2.2 %

Shares of NYSE:LVS opened at $53.64 on Wednesday. Las Vegas Sands Corp. has a 52 week low of $36.62 and a 52 week high of $56.60. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.89 and a current ratio of 0.90. The company has a market cap of $38.89 billion, a PE ratio of 26.55, a price-to-earnings-growth ratio of 1.44 and a beta of 1.10. The firm has a 50 day simple moving average of $51.87 and a 200 day simple moving average of $45.75.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The business had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.79 billion. During the same quarter in the previous year, the company earned $0.55 EPS. Las Vegas Sands’s revenue for the quarter was down 4.0% on a year-over-year basis. As a group, research analysts expect that Las Vegas Sands Corp. will post 2.33 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.49%. Las Vegas Sands’s dividend payout ratio is 39.60%.

Insider Transactions at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 24,324 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following the transaction, the chief executive officer now directly owns 60,187 shares in the company, valued at $3,129,724. The trade was a 28.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Robert G. Goldstein sold 60,187 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $53.02, for a total value of $3,191,114.74. The disclosure for this sale can be found here. Insiders sold 203,732 shares of company stock valued at $10,861,707 over the last three months. 1.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on Las Vegas Sands from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Morgan Stanley upped their price objective on Las Vegas Sands from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Susquehanna lifted their target price on Las Vegas Sands from $51.00 to $59.00 and gave the stock a “positive” rating in a report on Wednesday, October 16th. Wells Fargo & Company upped their price target on shares of Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Finally, Mizuho lifted 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 note on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $58.42.

About Las Vegas Sands

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.