Las Vegas Sands Corp. (NYSE:LVS) Shares Sold by Mirador Capital Partners LP

Mirador Capital Partners LP cut its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 2.4% in the first quarter, HoldingsChannel.com reports. The fund owned 12,450 shares of the casino operator’s stock after selling 303 shares during the period. Mirador Capital Partners LP’s holdings in Las Vegas Sands were worth $644,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LVS. Waldron Private Wealth LLC raised its position in shares of Las Vegas Sands by 1.9% during the 4th quarter. Waldron Private Wealth LLC now owns 12,361 shares of the casino operator’s stock worth $608,000 after purchasing an additional 232 shares during the last quarter. Corient Private Wealth LLC lifted its position in shares of Las Vegas Sands by 1.0% in the fourth quarter. Corient Private Wealth LLC now owns 28,532 shares of the casino operator’s stock valued at $1,404,000 after acquiring an additional 288 shares in the last quarter. Czech National Bank lifted its position in shares of Las Vegas Sands by 0.5% in the first quarter. Czech National Bank now owns 64,974 shares of the casino operator’s stock valued at $3,359,000 after acquiring an additional 319 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Las Vegas Sands by 54.8% in the fourth quarter. Parallel Advisors LLC now owns 1,008 shares of the casino operator’s stock worth $50,000 after acquiring an additional 357 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its position in shares of Las Vegas Sands by 150.4% during the fourth quarter. Venturi Wealth Management LLC now owns 681 shares of the casino operator’s stock worth $34,000 after purchasing an additional 409 shares in the last quarter. 39.16% of the stock is owned by hedge funds and other institutional investors.

Las Vegas Sands Price Performance

Las Vegas Sands stock opened at $42.88 on Tuesday. The company’s 50 day simple moving average is $45.24 and its 200-day simple moving average is $48.99. The company has a market capitalization of $31.95 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 0.79 and a beta of 1.12. Las Vegas Sands Corp. has a 1 year low of $42.72 and a 1 year high of $61.25. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.29 and a current ratio of 1.30.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, April 17th. The casino operator reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.13. Las Vegas Sands had a return on equity of 42.34% and a net margin of 13.99%. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the previous year, the company earned $0.28 earnings per share. The firm’s quarterly revenue was up 34.9% compared to the same quarter last year. As a group, equities research analysts expect that Las Vegas Sands Corp. will post 2.69 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, May 7th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date was Monday, May 6th. Las Vegas Sands’s dividend payout ratio (DPR) is 38.65%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. StockNews.com upgraded Las Vegas Sands from a “hold” rating to a “buy” rating in a report on Wednesday, April 10th. Mizuho dropped their price objective on shares of Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Barclays decreased their target price on shares of Las Vegas Sands from $59.00 to $57.00 and set an “overweight” rating on the stock in a research note on Friday, June 7th. Jefferies Financial Group dropped their price target on Las Vegas Sands from $54.00 to $53.00 and set a “hold” rating for the company in a research report on Thursday, April 18th. Finally, Morgan Stanley lifted their price objective on Las Vegas Sands from $61.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 9th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Las Vegas Sands presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.31.

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.