Trade Report: The Alps Advisors Inc. decides to keep it stake in Las Vegas Sands Corp. (LVS) to the level of $333,000

The Alps Advisors Inc. decides to keep it stake in Las Vegas Sands Corp. (LVS) to the level of $333,000

Alps Advisors Inc. reduced its position in Las Vegas Sands Corp. (NYSE:LVS) by 6.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,656 shares of the casino operator’s stock after selling 560 shares during the period. Alps Advisors Inc.’s holdings in Las Vegas Sands Corp. were worth $333,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of LVS. Candriam Luxembourg S.C.A. raised its stake in Las Vegas Sands Corp. by 656.7% in the second quarter. Candriam Luxembourg S.C.A. now owns 110,626 shares of the casino operator’s stock worth $4,811,000 after buying an additional 96,006 shares during the period. Artemis Investment Management LLP raised its stake in Las Vegas Sands Corp. by 1.1% in the second quarter. Artemis Investment Management LLP now owns 1,017,128 shares of the casino operator’s stock worth $44,240,000 after buying an additional 11,271 shares during the period. Cullen Frost Bankers Inc. raised its stake in Las Vegas Sands Corp. by 76.5% in the second quarter. Cullen Frost Bankers Inc. now owns 348,400 shares of the casino operator’s stock worth $15,152,000 after buying an additional 151,006 shares during the period. Narwhal Capital Management raised its stake in Las Vegas Sands Corp. by 1.9% in the second quarter. Narwhal Capital Management now owns 11,000 shares of the casino operator’s stock worth $478,000 after buying an additional 200 shares during the period. Finally, Strs Ohio raised its stake in Las Vegas Sands Corp. by 0.3% in the second quarter. Strs Ohio now owns 224,981 shares of the casino operator’s stock worth $9,784,000 after buying an additional 669 shares during the period. 37.95% of the stock is currently owned by institutional investors.

Shares of Las Vegas Sands Corp. (NYSE:LVS) traded down 1.14% on Thursday, hitting $58.09. 2,702,134 shares of the company traded hands. Las Vegas Sands Corp. has a 12 month low of $34.88 and a 12 month high of $60.00. The stock’s 50-day moving average price is $56.05 and its 200-day moving average price is $49.77. The company has a market capitalization of $46.16 billion, a PE ratio of 28.28 and a beta of 2.04.

Las Vegas Sands Corp. (NYSE:LVS) last announced its earnings results on Monday, July 25th. The casino operator reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.56 by $0.04. Las Vegas Sands Corp. had a return on equity of 22.12% and a net margin of 14.69%. The business had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.76 billion. During the same period in the previous year, the company earned $0.60 earnings per share. Las Vegas Sands Corp.’s quarterly revenue was down 9.3% on a year-over-year basis. On average, equities analysts predict that Las Vegas Sands Corp. will post $2.19 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 22nd were given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date was Tuesday, September 20th. Las Vegas Sands Corp.’s dividend payout ratio is presently 140.49%.

A number of analysts recently weighed in on the stock. Vetr raised shares of Las Vegas Sands Corp. from a “buy” rating to a “strong-buy” rating and set a $68.87 price objective on the stock in a research report on Tuesday. Wells Fargo & Co. reissued a “neutral” rating on shares of Las Vegas Sands Corp. in a research report on Monday. Goldman Sachs Group Inc. reissued a “neutral” rating on shares of Las Vegas Sands Corp. in a research report on Wednesday, October 5th. Bank of America Corp. raised shares of Las Vegas Sands Corp. from a “neutral” rating to a “buy” rating and raised their target price for the stock from $58.87 to $63.00 in a research report on Tuesday, October 4th. Finally, Credit Agricole SA raised their target price on shares of Las Vegas Sands Corp. from $50.00 to $58.00 and gave the stock an “outperform” rating in a research report on Monday, September 19th. Eleven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Las Vegas Sands Corp. currently has an average rating of “Buy” and a consensus target price of $55.76.

About Las Vegas Sands Corp.

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that offers accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.

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