Andra AP fonden Sells 7,400 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Andra AP fonden lowered its stake in Las Vegas Sands Corp. (NYSE:LVS) by 13.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,200 shares of the casino operator’s stock after selling 7,400 shares during the period. Andra AP fonden’s holdings in Las Vegas Sands Corp. were worth $3,016,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. boosted its holdings in Las Vegas Sands Corp. by 13.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 134,668 shares of the casino operator’s stock valued at $8,602,000 after acquiring an additional 16,296 shares in the last quarter. Usca Ria LLC boosted its holdings in shares of Las Vegas Sands Corp. by 21.5% during the 2nd quarter. Usca Ria LLC now owns 12,832 shares of the casino operator’s stock valued at $820,000 after buying an additional 2,275 shares in the last quarter. Minneapolis Portfolio Management Group LLC boosted its holdings in shares of Las Vegas Sands Corp. by 2.8% during the 2nd quarter. Minneapolis Portfolio Management Group LLC now owns 423,040 shares of the casino operator’s stock valued at $27,028,000 after buying an additional 11,339 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Las Vegas Sands Corp. by 41.3% during the 2nd quarter. American Century Companies Inc. now owns 3,509,869 shares of the casino operator’s stock valued at $224,246,000 after buying an additional 1,025,607 shares in the last quarter. Finally, Geneva Advisors LLC boosted its holdings in shares of Las Vegas Sands Corp. by 61.8% during the 2nd quarter. Geneva Advisors LLC now owns 40,686 shares of the casino operator’s stock valued at $2,599,000 after buying an additional 15,546 shares in the last quarter. Institutional investors and hedge funds own 38.03% of the company’s stock.

LVS has been the subject of several recent analyst reports. Instinet reaffirmed a “neutral” rating and issued a $54.00 price target (up previously from $50.00) on shares of Las Vegas Sands Corp. in a research report on Monday, June 19th. Zacks Investment Research raised Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research report on Tuesday, June 27th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Las Vegas Sands Corp. in a research report on Sunday, September 3rd. Wells Fargo & Company reaffirmed a “neutral” rating on shares of Las Vegas Sands Corp. in a research report on Tuesday, July 4th. Finally, Vetr lowered Las Vegas Sands Corp. from a “buy” rating to a “hold” rating and set a $64.62 price target for the company. in a research report on Monday, June 5th. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $62.91.

Las Vegas Sands Corp. (LVS) opened at 63.25 on Friday. Las Vegas Sands Corp. has a 52 week low of $51.35 and a 52 week high of $66.22. The company has a market capitalization of $50.09 billion, a P/E ratio of 24.61 and a beta of 1.78. The company’s 50 day moving average price is $61.54 and its 200-day moving average price is $59.85.

Las Vegas Sands Corp. (NYSE:LVS) last posted its quarterly earnings data on Wednesday, July 26th. The casino operator reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.14. Las Vegas Sands Corp. had a return on equity of 29.91% and a net margin of 16.66%. The company had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same period last year, the firm earned $0.52 EPS. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. Equities research analysts expect that Las Vegas Sands Corp. will post $2.74 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 21st will be given a dividend of $0.73 per share. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $2.92 dividend on an annualized basis and a yield of 4.62%. Las Vegas Sands Corp.’s payout ratio is 113.18%.

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Las Vegas Sands Corp. Company Profile

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature 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.

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

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