GAM Holding AG lowered its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 16.2% in the first quarter, HoldingsChannel reports. The firm owned 7,792 shares of the casino operator’s stock after selling 1,505 shares during the quarter. GAM Holding AG’s holdings in Las Vegas Sands were worth $475,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. First Interstate Bank lifted its position in shares of Las Vegas Sands by 70.8% during the 1st quarter. First Interstate Bank now owns 410 shares of the casino operator’s stock worth $25,000 after buying an additional 170 shares during the last quarter. Private Capital Group LLC lifted its position in shares of Las Vegas Sands by 55.7% during the 1st quarter. Private Capital Group LLC now owns 467 shares of the casino operator’s stock worth $28,000 after buying an additional 167 shares during the last quarter. FTB Advisors Inc. lifted its position in shares of Las Vegas Sands by 73.4% during the 4th quarter. FTB Advisors Inc. now owns 607 shares of the casino operator’s stock worth $31,000 after buying an additional 257 shares during the last quarter. Semmax Financial Advisors Inc. purchased a new stake in shares of Las Vegas Sands during the 4th quarter worth approximately $32,000. Finally, Icon Wealth Partners LLC purchased a new stake in shares of Las Vegas Sands during the 1st quarter worth approximately $32,000. Hedge funds and other institutional investors own 36.44% of the company’s stock.
LVS stock opened at $57.04 on Thursday. The company has a quick ratio of 1.72, a current ratio of 1.73 and a debt-to-equity ratio of 1.85. The firm has a market capitalization of $45.36 billion, a P/E ratio of 17.18 and a beta of 1.52. Las Vegas Sands Corp. has a 12 month low of $47.39 and a 12 month high of $81.45.
Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, April 17th. The casino operator reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.06. The company had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.48 billion. Las Vegas Sands had a net margin of 11.15% and a return on equity of 34.52%. Las Vegas Sands’s revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.04 EPS. On average, equities research analysts forecast that Las Vegas Sands Corp. will post 3.59 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Wednesday, June 19th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $3.08 annualized dividend and a yield of 5.40%. Las Vegas Sands’s dividend payout ratio is currently 92.77%.
LVS has been the subject of several recent analyst reports. Morgan Stanley boosted their price objective on shares of Las Vegas Sands from $64.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Zacks Investment Research upgraded shares of Las Vegas Sands from a “sell” rating to a “hold” rating in a research report on Wednesday, March 20th. Credit Suisse Group restated a “neutral” rating and set a $58.00 price objective on shares of Las Vegas Sands in a research report on Wednesday, March 20th. Jefferies Financial Group boosted their price objective on shares of Las Vegas Sands from $57.00 to $69.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. Finally, Bank of America restated a “neutral” rating and set a $70.00 price objective (up previously from $64.00) on shares of Las Vegas Sands in a research report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $68.46.
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About Las Vegas Sands
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.
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Want to see what other hedge funds are holding LVS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Las Vegas Sands Corp. (NYSE:LVS).
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