Las Vegas Sands Corp. (LVS) Position Increased by Alps Advisors Inc.

Alps Advisors Inc. increased its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 28.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,966 shares of the casino operator’s stock after purchasing an additional 1,749 shares during the quarter. Alps Advisors Inc.’s holdings in Las Vegas Sands were worth $473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of LVS. Principal Financial Group Inc. grew its stake in shares of Las Vegas Sands by 133.3% in the first quarter. Principal Financial Group Inc. now owns 410,631 shares of the casino operator’s stock worth $29,524,000 after purchasing an additional 234,641 shares during the last quarter. Allianz Asset Management GmbH grew its stake in shares of Las Vegas Sands by 23.2% in the first quarter. Allianz Asset Management GmbH now owns 519,071 shares of the casino operator’s stock worth $37,321,000 after purchasing an additional 97,690 shares during the last quarter. IFM Investors Pty Ltd grew its stake in shares of Las Vegas Sands by 41.7% in the second quarter. IFM Investors Pty Ltd now owns 17,782 shares of the casino operator’s stock worth $1,358,000 after purchasing an additional 5,234 shares during the last quarter. State of Alaska Department of Revenue grew its stake in shares of Las Vegas Sands by 42.8% in the second quarter. State of Alaska Department of Revenue now owns 58,135 shares of the casino operator’s stock worth $4,438,000 after purchasing an additional 17,435 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its stake in shares of Las Vegas Sands by 51.7% in the second quarter. Handelsbanken Fonder AB now owns 88,000 shares of the casino operator’s stock worth $6,720,000 after purchasing an additional 30,000 shares during the last quarter. 38.70% of the stock is currently owned by institutional investors.

In other Las Vegas Sands news, EVP Lawrence A. Jacobs sold 66,667 shares of the firm’s stock in a transaction dated Thursday, September 6th. The shares were sold at an average price of $60.95, for a total value of $4,063,353.65. Following the completion of the sale, the executive vice president now directly owns 66,667 shares in the company, valued at $4,063,353.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 10.20% of the company’s stock.

Several analysts recently issued reports on the company. Stifel Nicolaus cut their target price on Las Vegas Sands from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Thursday, July 26th. Goldman Sachs Group cut Las Vegas Sands from a “conviction-buy” rating to a “buy” rating in a research note on Friday, October 19th. Nomura cut their target price on Las Vegas Sands from $70.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, October 25th. Zacks Investment Research raised Las Vegas Sands from a “strong sell” rating to a “hold” rating in a research note on Monday, October 29th. Finally, Morgan Stanley lowered their price objective on shares of Las Vegas Sands from $86.00 to $85.00 and set an “overweight” rating for the company in a report on Thursday, July 26th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $73.50.

Shares of LVS opened at $53.71 on Friday. The company has a quick ratio of 1.92, a current ratio of 1.93 and a debt-to-equity ratio of 1.52. Las Vegas Sands Corp. has a one year low of $49.28 and a one year high of $81.45. The stock has a market capitalization of $43.42 billion, a price-to-earnings ratio of 17.67 and a beta of 1.59.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, October 24th. The casino operator reported $0.77 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.04). Las Vegas Sands had a return on equity of 34.18% and a net margin of 27.71%. The company had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $3.41 billion. Sell-side analysts predict that Las Vegas Sands Corp. will post 3.4 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Shareholders of record on Tuesday, December 18th will be issued a $0.75 dividend. The ex-dividend date is Monday, December 17th. This represents a $3.00 annualized dividend and a yield of 5.59%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 98.68%.

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Las Vegas Sands Company Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.

Further Reading: What does cost of debt say about a company’s financial health?

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Institutional Ownership by Quarter for Las Vegas Sands (NYSE:LVS)

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