Empirical Finance LLC Grows Position in Las Vegas Sands Corp. (NYSE:LVS)

Empirical Finance LLC increased its position in Las Vegas Sands Corp. (NYSE:LVS) by 3.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,271 shares of the casino operator’s stock after buying an additional 339 shares during the quarter. Empirical Finance LLC’s holdings in Las Vegas Sands were worth $567,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CVA Family Office LLC increased its position in shares of Las Vegas Sands by 118.8% in the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock valued at $28,000 after acquiring an additional 304 shares during the period. Bank & Trust Co purchased a new position in Las Vegas Sands during the 2nd quarter valued at about $29,000. Ashton Thomas Securities LLC bought a new position in Las Vegas Sands during the 3rd quarter valued at approximately $34,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Las Vegas Sands by 93.2% in 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 during the period. Finally, GAMMA Investing LLC grew its position 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 buying an additional 243 shares during the last quarter. 39.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related 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 transaction, the chief executive officer now owns 60,187 shares of the company’s stock, valued at approximately $3,129,724. This represents a 28.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.91% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on LVS shares. StockNews.com downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Macquarie cut their target price on shares of Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Morgan Stanley increased their price target on shares of Las Vegas Sands from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. UBS Group lifted their price objective on Las Vegas Sands from $49.00 to $50.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Finally, Argus lowered Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Las Vegas Sands has a consensus rating of “Moderate Buy” and an average target price of $58.00.

Las Vegas Sands Trading Down 1.2 %

Las Vegas Sands stock opened at $47.96 on Monday. 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. The company has a market capitalization of $34.77 billion, a price-to-earnings ratio of 23.74, a price-to-earnings-growth ratio of 1.26 and a beta of 1.11. The business’s fifty day simple moving average is $48.72 and its two-hundred day simple moving average is $44.74.

Las Vegas Sands (NYSE:LVS) last announced its 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). Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same period in the prior year, the business posted $0.55 earnings per share. Las Vegas Sands’s revenue for the quarter was down 4.0% compared to the same quarter last year. As a group, equities analysts predict 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 disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors 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 dividend yield of 1.67%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 39.60%.

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.