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

AM Squared Ltd increased its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 153.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 about 0.4% of AM Squared Ltd’s investment portfolio, making the stock its 19th biggest holding. AM Squared Ltd’s holdings in Las Vegas Sands were worth $191,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Las Vegas Sands by 0.6% during the first quarter. Vanguard Group Inc. now owns 37,107,775 shares of the casino operator’s stock worth $1,918,472,000 after buying an additional 209,589 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Las Vegas Sands by 1.7% during the first 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 buying an additional 531,799 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Las Vegas Sands by 15.7% during the second quarter. Bank of New York Mellon Corp now owns 11,351,573 shares of the casino operator’s stock worth $502,307,000 after buying an additional 1,536,754 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Las Vegas Sands by 0.8% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,500,248 shares of the casino operator’s stock worth $376,136,000 after buying an additional 68,568 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Las Vegas Sands by 987.0% during the second quarter. The Manufacturers Life Insurance Company now owns 5,549,615 shares of the casino operator’s stock worth $245,570,000 after buying an additional 5,039,072 shares during the last quarter. 39.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus boosted their price target on shares of Las Vegas Sands from $55.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Morgan Stanley boosted their price objective on shares of Las Vegas Sands from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Mizuho boosted their price objective on shares of Las Vegas Sands from $52.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Susquehanna boosted their price objective on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $58.00.

Insider Activity

In other news, CEO Robert G. Goldstein sold 24,324 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 60,187 shares in the company, valued at approximately $3,129,724. This trade represents a 28.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.91% of the stock is currently owned by corporate insiders.

Las Vegas Sands Trading Down 1.2 %

Shares of Las Vegas Sands stock opened at $47.96 on Friday. The firm’s 50-day moving average price is $48.72 and its two-hundred day moving average price is $44.73. Las Vegas Sands Corp. has a 12-month low of $36.62 and a 12-month high of $55.65. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 3.09. The company has a market capitalization of $34.77 billion, a price-to-earnings ratio of 23.74, a PEG ratio of 1.26 and a beta of 1.11.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share 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 company had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same quarter in the previous year, the business posted $0.55 earnings per share. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, analysts forecast that Las Vegas Sands Corp. will post 2.33 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th were paid a $0.20 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.67%. Las Vegas Sands’s payout ratio is currently 39.60%.

Las Vegas Sands Company 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.