Nisa Investment Advisors LLC lowered its stake in Las Vegas Sands Corp. (NYSE:LVS) by 8.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 122,133 shares of the casino operator’s stock after selling 10,600 shares during the period. Nisa Investment Advisors LLC’s holdings in Las Vegas Sands were worth $8,487,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Las Vegas Sands by 1.6% in the second quarter. Vanguard Group Inc. now owns 20,034,880 shares of the casino operator’s stock valued at $1,280,029,000 after buying an additional 322,708 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Las Vegas Sands by 2.3% in the second quarter. BlackRock Inc. now owns 16,129,966 shares of the casino operator’s stock valued at $1,030,543,000 after buying an additional 365,566 shares in the last quarter. Capital World Investors increased its holdings in shares of Las Vegas Sands by 14.5% in the second quarter. Capital World Investors now owns 9,998,000 shares of the casino operator’s stock valued at $638,772,000 after buying an additional 1,263,000 shares in the last quarter. Thornburg Investment Management Inc. increased its holdings in shares of Las Vegas Sands by 4.8% in the third quarter. Thornburg Investment Management Inc. now owns 4,387,745 shares of the casino operator’s stock valued at $281,518,000 after buying an additional 199,979 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of Las Vegas Sands by 25.0% in the third quarter. Janus Henderson Group PLC now owns 4,051,823 shares of the casino operator’s stock valued at $259,973,000 after buying an additional 810,373 shares in the last quarter. 37.45% of the stock is currently owned by institutional investors.

Las Vegas Sands Corp. (NYSE LVS) opened at $71.02 on Monday. Las Vegas Sands Corp. has a 52-week low of $51.35 and a 52-week high of $72.20. 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 firm has a market cap of $56,139.89, a P/E ratio of 26.80 and a beta of 1.80.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, October 25th. The casino operator reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.10. Las Vegas Sands had a net margin of 16.80% and a return on equity of 31.11%. The firm had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same period in the previous year, the company posted $0.72 EPS. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. equities analysts anticipate that Las Vegas Sands Corp. will post 2.9 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Thursday, December 21st were issued a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 4.11%. The ex-dividend date was Wednesday, December 20th. Las Vegas Sands’s dividend payout ratio is currently 110.19%.

In related news, Director George Jamieson purchased 1,000 shares of the stock in a transaction dated Tuesday, November 14th. The shares were acquired at an average cost of $66.96 per share, for a total transaction 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 10.10% of the company’s stock.

Several research firms have issued reports on LVS. Deutsche Bank upped their price target on Las Vegas Sands from $54.00 to $57.00 and gave the company a “hold” rating in a report on Thursday, October 26th. Zacks Investment Research cut Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Roth Capital started coverage on shares of Las Vegas Sands in a research report on Wednesday, October 25th. They set a “buy” rating and a $69.00 price objective on the stock. Nomura lifted their price objective on shares of Las Vegas Sands from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, October 26th. Finally, Gabelli lifted their price objective on shares of Las Vegas Sands from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $66.19.

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About Las Vegas Sands

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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