Las Vegas Sands Corp. $LVS Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. cut its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 18.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 56,200 shares of the casino operator’s stock after selling 12,700 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Las Vegas Sands were worth $3,658,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northwest Wealth Management LLC acquired a new position in shares of Las Vegas Sands in the fourth quarter worth about $340,000. USA Financial Formulas acquired a new stake in shares of Las Vegas Sands during the 4th quarter valued at about $477,000. Kaufman Rossin Wealth LLC purchased a new position in shares of Las Vegas Sands in the 4th quarter valued at about $319,000. Wedge Capital Management L L P NC purchased a new position in shares of Las Vegas Sands in the 4th quarter valued at about $33,314,000. Finally, Chris Bulman Inc acquired a new position in Las Vegas Sands in the 4th quarter worth about $221,000. Institutional investors and hedge funds own 39.16% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Seaport Research Partners lowered their price target on Las Vegas Sands from $75.00 to $72.00 and set a “buy” rating on the stock in a research report on Wednesday, January 14th. Wall Street Zen downgraded Las Vegas Sands from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 14th. HSBC increased their target price on Las Vegas Sands from $67.50 to $73.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. UBS Group boosted their price target on shares of Las Vegas Sands from $67.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, December 8th. Finally, Zacks Research cut shares of Las Vegas Sands from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 22nd. Twelve equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $68.55.

Insider Transactions at Las Vegas Sands

In other Las Vegas Sands news, CEO Patrick Dumont sold 60,165 shares of Las Vegas Sands stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $54.75, for a total transaction of $3,294,033.75. Following the sale, the chief executive officer owned 511,942 shares of the company’s stock, valued at $28,028,824.50. The trade was a 10.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.20% of the stock is currently owned by company insiders.

Las Vegas Sands Price Performance

Shares of Las Vegas Sands stock opened at $54.37 on Friday. The stock has a market capitalization of $36.53 billion, a P/E ratio of 23.23, a PEG ratio of 1.39 and a beta of 0.89. The business has a 50 day simple moving average of $55.67 and a two-hundred day simple moving average of $58.71. Las Vegas Sands Corp. has a 12 month low of $30.18 and a 12 month high of $70.45. The company has a debt-to-equity ratio of 7.58, a current ratio of 1.14 and a quick ratio of 1.13.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, January 28th. The casino operator reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.08. The firm had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.33 billion. Las Vegas Sands had a return on equity of 91.40% and a net margin of 12.50%.The business’s revenue was up 26.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 earnings per share. As a group, analysts predict that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Monday, February 9th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Monday, February 9th. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.25. Las Vegas Sands’s payout ratio is 51.28%.

Las Vegas Sands Profile

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.