Ray Gerald L & Associates Ltd. cut its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 0.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 42,350 shares of the casino operator’s stock after selling 400 shares during the period. Ray Gerald L & Associates Ltd.’s holdings in Las Vegas Sands Corp. were worth $2,706,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Las Vegas Sands Corp. by 2,504.7% in the first quarter. BlackRock Inc. now owns 15,764,400 shares of the casino operator’s stock valued at $899,674,000 after buying an additional 15,159,167 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Las Vegas Sands Corp. by 40.8% in the second quarter. Bank of New York Mellon Corp now owns 6,506,795 shares of the casino operator’s stock valued at $415,720,000 after buying an additional 1,886,376 shares in the last quarter. Nicholas Investment Partners LP boosted its position in Las Vegas Sands Corp. by 2,418.0% in the first quarter. Nicholas Investment Partners LP now owns 1,500,000 shares of the casino operator’s stock valued at $85,605,000 after buying an additional 1,440,429 shares in the last quarter. Investec Asset Management LTD bought a new position in Las Vegas Sands Corp. during the first quarter valued at $74,167,000. Finally, Thornburg Investment Management Inc. boosted its position in Las Vegas Sands Corp. by 39.0% in the first quarter. Thornburg Investment Management Inc. now owns 4,187,059 shares of the casino operator’s stock valued at $238,955,000 after buying an additional 1,174,688 shares in the last quarter. 38.03% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Las Vegas Sands Corp. (LVS) traded up 0.36% during mid-day trading on Tuesday, reaching $60.50. 85,008 shares of the company’s stock were exchanged. Las Vegas Sands Corp. has a 52-week low of $49.89 and a 52-week high of $66.22. The company has a 50 day moving average price of $61.25 and a 200 day moving average price of $58.82. The firm has a market cap of $47.92 billion, a P/E ratio of 23.54 and a beta of 1.81.

Las Vegas Sands Corp. (NYSE:LVS) last issued its earnings results on Wednesday, July 26th. The casino operator reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.14. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.01 billion. Las Vegas Sands Corp. had a return on equity of 29.91% and a net margin of 16.66%. Las Vegas Sands Corp.’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.52 earnings per share. Analysts forecast that Las Vegas Sands Corp. will post $2.74 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 21st will be given a $0.73 dividend. The ex-dividend date is Wednesday, September 20th. This represents a $2.92 dividend on an annualized basis and a yield of 4.84%. Las Vegas Sands Corp.’s dividend payout ratio is currently 113.18%.

COPYRIGHT VIOLATION WARNING: This piece of content was first posted by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.watchlistnews.com/las-vegas-sands-corp-lvs-shares-sold-by-ray-gerald-l-associates-ltd/1529818.html.

LVS has been the topic of several research analyst reports. Bank of America Corporation reissued a “buy” rating and issued a $67.00 price target (up from $65.00) on shares of Las Vegas Sands Corp. in a report on Friday, July 21st. Morgan Stanley reissued an “equal weight” rating and issued a $62.00 price target (up from $58.00) on shares of Las Vegas Sands Corp. in a report on Monday, July 10th. Zacks Investment Research raised shares of Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Tuesday, June 27th. UBS AG reaffirmed a “neutral” rating on shares of Las Vegas Sands Corp. in a report on Monday, July 10th. Finally, Instinet reaffirmed a “neutral” rating on shares of Las Vegas Sands Corp. in a report on Monday, July 17th. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $63.10.

About Las Vegas Sands Corp.

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)

Receive News & Ratings for Las Vegas Sands Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Las Vegas Sands Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.