Mirador Capital Partners LP Has $333,000 Position in Las Vegas Sands Corp. (NYSE:LVS)

Mirador Capital Partners LP cut its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 36.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,487 shares of the casino operator’s stock after selling 3,677 shares during the period. Mirador Capital Partners LP’s holdings in Las Vegas Sands were worth $333,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Meeder Asset Management Inc. increased its position in Las Vegas Sands by 97.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 89,743 shares of the casino operator’s stock worth $4,518,000 after buying an additional 44,223 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Las Vegas Sands by 1.4% in the third quarter. The Manufacturers Life Insurance Company now owns 5,627,422 shares of the casino operator’s stock worth $283,284,000 after acquiring an additional 77,807 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Las Vegas Sands during the second quarter worth $619,000. Clearbridge Investments LLC raised its stake in Las Vegas Sands by 29.9% during the 2nd quarter. Clearbridge Investments LLC now owns 833,487 shares of the casino operator’s stock valued at $36,882,000 after purchasing an additional 191,805 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Las Vegas Sands by 33.3% in the 3rd quarter. Principal Financial Group Inc. now owns 548,072 shares of the casino operator’s stock valued at $27,590,000 after purchasing an additional 136,859 shares during the period. Institutional investors and hedge funds own 39.16% of the company’s stock.

Insider Activity

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 119,221 shares of Las Vegas Sands stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $53.73, for a total value of $6,405,744.33. Following the completion of the transaction, the chief executive officer now owns 84,511 shares in the company, valued at approximately $4,540,776.03. The trade was a 58.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert G. Goldstein sold 60,187 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $53.02, for a total value of $3,191,114.74. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 203,732 shares of company stock worth $10,861,707. Insiders own 1.20% of the company’s stock.

Las Vegas Sands Stock Performance

Shares of NYSE:LVS opened at $43.97 on Friday. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 0.89. The business’s fifty day moving average price is $51.07 and its two-hundred day moving average price is $46.58. Las Vegas Sands Corp. has a fifty-two week low of $36.62 and a fifty-two week high of $56.60. The stock has a market capitalization of $31.88 billion, a price-to-earnings ratio of 21.77, a price-to-earnings-growth ratio of 1.03 and a beta of 1.09.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same period in the previous year, the company posted $0.55 EPS. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. As a group, analysts predict that Las Vegas Sands Corp. will post 2.36 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend was Tuesday, November 5th. Las Vegas Sands’s payout ratio is 39.60%.

Analyst Upgrades and Downgrades

LVS has been the topic of several research reports. Morgan Stanley restated an “equal weight” rating and set a $51.00 price objective (down previously from $54.00) on shares of Las Vegas Sands in a report on Tuesday. Stifel Nicolaus upped their price target on Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Mizuho lifted their price objective on Las Vegas Sands from $52.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Susquehanna boosted their price objective on Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a research report on Wednesday, October 16th. Finally, Barclays raised their target price on Las Vegas Sands from $58.00 to $61.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $59.92.

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.