Renaissance Technologies LLC lessened its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 6.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 405,800 shares of the casino operator’s stock after selling 26,800 shares during the period. Renaissance Technologies LLC owned approximately 0.05% of Las Vegas Sands worth $28,199,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. increased its position in Las Vegas Sands by 1.1% in the fourth quarter. BlackRock Inc. now owns 16,452,780 shares of the casino operator’s stock worth $1,143,302,000 after purchasing an additional 173,274 shares during the last quarter. Janus Henderson Group PLC increased its position in 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 worth $259,973,000 after purchasing an additional 810,373 shares during the last quarter. Yellowstone Partners LLC bought a new stake in Las Vegas Sands in the third quarter worth $640,000. Levin Capital Strategies L.P. bought a new stake in Las Vegas Sands in the fourth quarter worth $250,000. Finally, Westfield Capital Management Co. LP bought a new stake in Las Vegas Sands in the third quarter worth $327,000. Institutional investors own 38.63% of the company’s stock.

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In other news, COO Robert G. Goldstein sold 39,155 shares of the company’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $76.00, for a total value of $2,975,780.00. Following the transaction, the chief operating officer now directly owns 39,155 shares in the company, valued at $2,975,780. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 10.10% of the company’s stock.

Several brokerages recently weighed in on LVS. Zacks Investment Research cut shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Bank of America boosted their price target on shares of Las Vegas Sands from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. JPMorgan Chase & Co. boosted their price target on shares of Las Vegas Sands from $63.00 to $72.00 and gave the stock a “neutral” rating in a research report on Thursday, January 25th. Stifel Nicolaus reiterated a “buy” rating and set a $88.00 price objective (up previously from $76.00) on shares of Las Vegas Sands in a research report on Thursday, January 25th. Finally, Jefferies Group started coverage on shares of Las Vegas Sands in a research report on Thursday, January 18th. They set a “hold” rating and a $73.00 price objective on the stock. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $72.23.

Las Vegas Sands stock opened at $73.32 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 1.22. The company has a market cap of $59,284.46, a PE ratio of 24.72 and a beta of 1.72. Las Vegas Sands Corp. has a 1-year low of $54.71 and a 1-year high of $79.84.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, January 24th. The casino operator reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.11. The firm had revenue of $3.44 billion for the quarter, compared to analysts’ expectations of $3.26 billion. Las Vegas Sands had a net margin of 21.78% and a return on equity of 33.90%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.62 earnings per share. research analysts predict that Las Vegas Sands Corp. will post 3.35 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 22nd will be issued a $0.75 dividend. The ex-dividend date is Wednesday, March 21st. This is a boost from Las Vegas Sands’s previous quarterly dividend of $0.73. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.09%. Las Vegas Sands’s dividend payout ratio is presently 82.49%.

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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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