Epoch Investment Partners Inc. reduced its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 5.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,504,757 shares of the casino operator’s stock after selling 158,275 shares during the period. Epoch Investment Partners Inc. owned approximately 0.32% of Las Vegas Sands worth $148,607,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LVS. Tower Research Capital LLC TRC grew its position in shares of Las Vegas Sands by 195.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,066 shares of the casino operator’s stock valued at $122,000 after purchasing an additional 1,366 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in Las Vegas Sands in the third quarter worth $126,000. Flagship Harbor Advisors LLC purchased a new position in Las Vegas Sands in the second quarter worth $135,000. Legacy Financial Advisors Inc. purchased a new position in Las Vegas Sands in the third quarter worth $156,000. Finally, Benjamin F. Edwards & Company Inc. grew its position in Las Vegas Sands by 126.6% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 2,794 shares of the casino operator’s stock worth $166,000 after acquiring an additional 1,561 shares in the last quarter. Hedge funds and other institutional investors own 37.08% of the company’s stock.

Shares of NYSE:LVS opened at $55.57 on Thursday. The company has a quick ratio of 1.92, a current ratio of 1.93 and a debt-to-equity ratio of 1.52. The firm has a market capitalization of $43.54 billion, a P/E ratio of 18.28 and a beta of 1.61. Las Vegas Sands Corp. has a 52-week low of $48.64 and a 52-week high of $81.45.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, October 24th. The casino operator reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.04). The business had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.41 billion. Las Vegas Sands had a return on equity of 34.18% and a net margin of 27.71%. Sell-side analysts predict that Las Vegas Sands Corp. will post 3.4 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 27th. Shareholders of record on Tuesday, December 18th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 5.40%. The ex-dividend date of this dividend is Monday, December 17th. Las Vegas Sands’s dividend payout ratio is presently 98.68%.

LVS has been the subject of several research reports. Argus cut their target price on shares of Las Vegas Sands from $89.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, October 26th. HSBC upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research report on Monday, October 15th. Morgan Stanley set a $68.00 target price on shares of Las Vegas Sands and gave the stock a “buy” rating in a research report on Thursday, October 25th. Goldman Sachs Group lowered shares of Las Vegas Sands from a “conviction-buy” rating to a “buy” rating in a research report on Friday, October 19th. Finally, Zacks Investment Research upgraded shares of Las Vegas Sands from a “strong sell” rating to a “hold” rating in a research report on Monday, October 29th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $74.03.

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Las Vegas Sands Profile

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

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