Westfield Capital Management Co. LP Takes Position in Las Vegas Sands Corp. (LVS)

Westfield Capital Management Co. LP bought a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 5,100 shares of the casino operator’s stock, valued at approximately $327,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LVS. Stephens Inc. AR increased its stake in Las Vegas Sands by 0.7% during the 2nd quarter. Stephens Inc. AR now owns 4,389 shares of the casino operator’s stock worth $280,000 after acquiring an additional 31 shares during the period. Baldwin Investment Management LLC increased its stake in Las Vegas Sands by 0.6% during the 2nd quarter. Baldwin Investment Management LLC now owns 6,473 shares of the casino operator’s stock worth $414,000 after acquiring an additional 40 shares during the period. Toronto Dominion Bank increased its stake in Las Vegas Sands by 0.4% during the 2nd quarter. Toronto Dominion Bank now owns 24,878 shares of the casino operator’s stock worth $1,592,000 after acquiring an additional 94 shares during the period. High Pointe Capital Management LLC increased its stake in Las Vegas Sands by 0.6% during the 2nd quarter. High Pointe Capital Management LLC now owns 19,810 shares of the casino operator’s stock worth $1,266,000 after acquiring an additional 110 shares during the period. Finally, Global X Management Co. LLC increased its stake in Las Vegas Sands by 8.3% during the 2nd quarter. Global X Management Co. LLC now owns 1,653 shares of the casino operator’s stock worth $106,000 after acquiring an additional 126 shares during the period. Institutional investors own 37.47% of the company’s stock.

A number of equities analysts have commented on LVS shares. Zacks Investment Research lowered Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Roth Capital started coverage on Las Vegas Sands in a research note on Wednesday, October 25th. They set a “buy” rating and a $69.00 price objective on the stock. Morgan Stanley raised their price objective on Las Vegas Sands from $63.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 26th. Gabelli raised their price objective on Las Vegas Sands from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Finally, Nomura raised their price objective on Las Vegas Sands from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Thursday, October 26th. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Las Vegas Sands has an average rating of “Buy” and a consensus price target of $65.31.

In other news, Director George Jamieson acquired 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were bought at an average price of $66.96 per share, with a total value of $66,960.00. Following the acquisition, the director now directly owns 6,488 shares in the company, valued at approximately $434,436.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 10.10% of the company’s stock.

Shares of Las Vegas Sands Corp. (NYSE LVS) traded down $0.34 on Wednesday, hitting $69.44. The stock had a trading volume of 1,894,200 shares, compared to its average volume of 3,260,015. Las Vegas Sands Corp. has a one year low of $51.35 and a one year high of $70.46. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.05 and a current ratio of 1.07. The company has a market cap of $55,159.69, a price-to-earnings ratio of 25.10 and a beta of 1.80.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, October 25th. The casino operator reported $0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.10. Las Vegas Sands had a return on equity of 31.11% and a net margin of 16.80%. The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same quarter last year, the company posted $0.72 EPS. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. equities analysts expect that Las Vegas Sands Corp. will post 2.87 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, December 21st will be issued a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 4.21%. The ex-dividend date is Wednesday, December 20th. Las Vegas Sands’s dividend payout ratio (DPR) is 110.19%.

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Las Vegas Sands 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.

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

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