Mirabella Financial Services LLP Purchases Shares of 39,375 Las Vegas Sands Corp. $LVS

Mirabella Financial Services LLP acquired a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) in the 2nd quarter, HoldingsChannel reports. The fund acquired 39,375 shares of the casino operator’s stock, valued at approximately $1,713,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB increased its stake in Las Vegas Sands by 37.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 876 shares of the casino operator’s stock valued at $38,000 after purchasing an additional 239 shares in the last quarter. Mizuho Securities Co. Ltd. bought a new stake in Las Vegas Sands in the 2nd quarter valued at about $41,000. FNY Investment Advisers LLC bought a new position in Las Vegas Sands in the second quarter worth approximately $43,000. Hilltop National Bank acquired a new stake in Las Vegas Sands in the second quarter valued at approximately $44,000. Finally, UMB Bank n.a. increased its holdings in shares of Las Vegas Sands by 53.8% during the second quarter. UMB Bank n.a. now owns 1,361 shares of the casino operator’s stock valued at $59,000 after acquiring an additional 476 shares in the last quarter. 39.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on LVS. Seaport Global Securities lifted their price target on shares of Las Vegas Sands from $66.00 to $75.00 and gave the company a “buy” rating in a research report on Monday. Wall Street Zen raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a research report on Sunday, September 7th. Macquarie boosted their price objective on Las Vegas Sands from $62.00 to $64.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Zacks Research raised Las Vegas Sands from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Finally, UBS Group lifted their target price on Las Vegas Sands from $55.00 to $65.00 and gave the company a “neutral” rating in a research report on Thursday, August 28th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $65.60.

Insider Transactions at Las Vegas Sands

In other Las Vegas Sands news, CFO Randy Hyzak sold 57,545 shares of the business’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $66.45, for a total value of $3,823,865.25. Following the sale, the chief financial officer directly owned 53,499 shares in the company, valued at $3,555,008.55. The trade was a 51.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert G. Goldstein sold 700,000 shares of the stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $58.88, for a total value of $41,216,000.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,568,459 shares of company stock worth $158,809,266 in the last ninety days. Company insiders own 1.20% of the company’s stock.

Las Vegas Sands Stock Performance

Shares of Las Vegas Sands stock opened at $66.34 on Friday. The business’s fifty day simple moving average is $59.16 and its 200 day simple moving average is $52.47. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 7.42. Las Vegas Sands Corp. has a 12 month low of $30.18 and a 12 month high of $70.45. The firm has a market capitalization of $44.85 billion, a P/E ratio of 30.02, a price-to-earnings-growth ratio of 1.81 and a beta of 0.97.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, October 22nd. The casino operator reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.16. Las Vegas Sands had a net margin of 12.69% and a return on equity of 73.14%. The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same period in the previous year, the firm earned $0.44 EPS. The firm’s quarterly revenue was up 24.2% on a year-over-year basis. As a group, analysts anticipate that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 12th. Investors of record on Tuesday, November 4th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, November 4th. Las Vegas Sands’s payout ratio is 45.25%.

Las Vegas Sands Company 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.